INVESTORS RATIFY THEIR CONFIDENCE IN URUGUAYAN TALENT

Fecha de publicación: 28/07/2021

Infocasas closed the largest acquisition deal of a real estate company in Latin America.

The Infocasas portal closed a millionaire deal, Infocorp was acquired by Constellation Software and Memory by the firm Siigo, Trafilea is among the e-commerce giants in the United States and dLocal is listed on the New York Stock Exchange as it continues to add success to its new but prosperous history.

What do these companies have in common? They are all Uruguayan. These are good times for this type of companies in the country, a product of local talent and a robust ecosystem of technologies and businesses.

The success of Uruguayan companies attracts the attention of foreign investors, who see opportunities for acquisitions or mergers in the country, as well as the advantages it offers when it comes to setting up in the country.

Infocasas, the most recent acquisition

Infocasas, the thriving Uruguayan real estate portal, has just closed the largest acquisition deal ever for a real estate company in Latin America. Founded in 2011 and in just a decade, the company evolved from a print publication to a leading regional multichannel portal, with operations in Uruguay, Brazil, Bolivia, Peru and Paraguay.

As a result of this success, InfoCasas sold 100% of its shares to Frontier Digital Ventures, the powerful Australian investment group that already owned 51% of the company, which has an expanded portfolio of more than 30 marketplaces distributed in Latin America, Asia and Europe.

In 2020, another notable acquisition was that of Infocorp, one of the country's most important technology companies dedicated to implementing platforms for digital banking. It was acquired by Constellation Software, the Canadian company based in Toronto and provider of software and technology services for more than 100 markets around the world.

That same year, the Uruguayan leader in business management and electronic invoicing software, Memory, was also acquired. In this case it was the Colombian company Siigo, which works in the same sector, that made the investment.

The Uruguayan IT industry's experience in the development of solutions is first-rate and the country has become a high-quality international supplier. The country has a coordinated and accessible technological and business ecosystem, with investment opportunities, not only for existing companies -which provide opportunities for mergers and acquisitions- but also for the installation and development of new ventures. In addition to this, it offers a wide range of free trade zones, a good educational level of its population, political and macroeconomic stability, and a high standard of living.
Given its characteristics as a small, orderly, open and transparent country, with access to advanced technology, Uruguay is an ideal destination to innovate and test new technologies.

The Uruguayan IT industry's experience in the development of solutions is first-rate and the country has become a high-quality international supplier. The country has a coordinated and accessible technological and business ecosystem, with investment opportunities, not only for existing companies -which provide opportunities for mergers and acquisitions- but also for the installation and development of new ventures. In addition to this, it offers a wide range of free trade zones, a good educational level of its population, political and macroeconomic stability, and a high standard of living.

Given its characteristics as a small, orderly, open and transparent country, with access to advanced technology, Uruguay is an ideal destination to innovate and test new technologies.

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