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Brazil’s Votorantim Gets Serious About IT

Votorantim Novos Negócios announces the launch of a new information technology company. The result of a merger between Optiglobe and Proceda, TIVIT is positioned as an alternative for the outsourcing market and as a provider of IT management services.

Established in 2000, Votorantim Novos Negócios (VNN) is the Group’s investment branch, operating in two main areas: (1) as a multi-sector venture capital fund, and (2) the search for opportunities to update and diversify the Group’s strategic business portfolio. VNN has US$ 300 million in resources to be invested.


Within a strategy of creating a large Brazilian company for the IT market, VNN acquired Optiglobe in 2002 and Proceda in 2004. Now it is moving forward pursuing the consolidation of both companies within one new company, with new branding and new positioning in the market.


Votorantim Group is one of the largest private industrial corporations in Latin America, with sales of approximately US$ 6 billion in 2004 and 28,000 employees.


Established in 1918, the group has contributed significantly to local development, export performance and in fortifying Brazil’s image in the international marketplace.


“With the launch of TIVIT, we have created a world-class, high-technology Brazilian company, capable of competing with large companies in Brazil and abroad. As with India, Brazil is also able to support a company with an international outlook in this sector,” states Paulo Henrique de Oliveira Santos, president of Votorantim Novos Negócios.


“The complementary manner in which both Optiglobe and Proceda operate allows the new company the opportunity of offering an ample array of IT services to the market, such as technological environmental management, integration and management of applications, software manufacturing, IT consulting and e-business,” says Artur Ribeiro Neto, executive director at Votorantim Novos Negócios.


“With a return forecast at US$ 110 million by the end of 2005 and 1,500 employees, the company brings unique, flexible solutions to the marketplace. We intend to distinguish ourselves in the market by the boldness of our technological solutions, our adherence to business needs and our transparent business relationship model, and create a real joint-venture with our clients. This is what we call IT Creativity,” adds Edson Leite, president of TIVIT, whose headquarters are in São Paulo, Av. Maria Coelho de Aguiar, 215, Sector E, 7th floor.


Votorantim Novos Negócios – www.item.com.br

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