wp header logo 127.png

Brazil’s Positivo Tecnologia Acquires Algar’s IT Business; Aims for AI Acceleration – Nearshore Americas

Brazilian technology firm Positivo Tecnologia acquired Algar TI, the managed IT services business of Grupo Algar, widening its footprints to dozens of countries across Latin America.
Headquartered in the city of Uberlândia, Algar TI boasts a team of approximately 4,500 professionals with a well-established presence in 16 Latin American countries, including key markets like Mexico, Colombia and Argentina.
In Brazil, it operates in most major cities, including São Paulo, Brasília, Uberlândia, Espírito Santo, Rio de Janeiro, Maranhão and Pará.
The company closed 2023 with an annual revenue of R$459 million (approximately US$9 million), capping a strong three-year period of 19% CAGR.
Their established client base exceeds 160 corporations across diverse sectors, including consumer goods, extractive industries, financial institutions, insurance companies and public entities.

Sign up for our Nearshore Americas newsletter:

The acquisition unlocks a valuable technology portfolio for Positivo Tecnologia. Algar’s IT division offers cutting-edge servers equipped with Nvidia’s leading AI technologies, complementing Positivo’s hardware expertise.
Furthermore, the acquisition includes a comprehensive array of devices like AI-powered notebooks, desktops, tablets and smartphones. These solutions integrate with TI Consultoria’s management and consultancy services, facilitating the seamless deployment of advanced AI tools for task optimization across various industries.
News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.

Colombia’s President Gustavo Petro finds himself entangled in a series of obstacles and controversies as his administration struggles to enact the reforms promised during his campaign. From political scandals toRead more
US fintech Félix Pago raised US$15.5 million in its latest funding round, bolstering its recent launch of a WhatsApp-enabled payment system which allows latino workers in the US to send money back to their homeRead more
Brazilian fintech Creditas secured US$255 million in a new funding round, propelling its valuation to US$1.75 billion. Founded in 2012, Creditas is one of fastest growing fintech firm in Brazil, with its creditRead more
Nexus Illuminate Awards
Copyright © 2024 Nearshore Americas, a division of Next Coast Media and Marketing Services.
[gravityform id=”60″ title=”true” description=”false”]
[gravityform id=”61″ title=”true” description=”false”]

[contact-form-7 id=”7″ title=”Newsletter”]


Leave feedback about this

  • Quality
  • Price
  • Service
Choose Image