Stefanini aims for 25% growth in 2005

Brazilian integrator Stefanini IT Solutions aims to achieve 25% revenue growth in 2005 by investing in new technology, research programs and certification, as well as trying to expand to overseas markets, tech magazine Computerworld reported. The company expects 2004 revenues to come to 215mn reais, which would represent 11% growth compared to the 193mn reais reported in 2003. "Our objective is for 30-40% of billing to come from overseas sales within three years," company president Marco Stefanini said. In the meantime, the company expects exports to grow to 22% of total sales in 2005 compared to 15% today. Another strategy is vertical specialization to serve specific markets such as banking, insurance, telecoms, manufacturing, oil, government and agriculture.