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6 Tech Companies From Colombia To Watch

6 Tech Companies From Colombia To Watch

Posted by PanamericanWorld on October 23, 2016

Last month, Florida became Colombia’s new business technology hub, as 120 Colombian tech companies met with North American potential clients and partners during the third edition of the Colombian IT Business Matchmaking Forum.

“Colombia is the third largest provider of IT services in Latin America with more than 5,400 companies and record sales in 2015 close to $2.5 billion,” explained Luis German Restrepo, the director for ProColombia Miami. “The tech industry has established itself as an engine of economic development, with software and IT related services representing 1.19% of Colombia’s GDP.”

At the Colombian IT Business Matchmaking Forum in Miami, 120 tech companies from Colombia met with 80 potential North American clients and partners. These 1,100 business meetings expect to generate over $20 million in sales.

At the Colombian IT Business Matchmaking Forum in Miami, 1,100 business meetings generated over $20 million in direct sales.

 

The event was held in Miami and organized by ProColombia, the country’s promotion government entity, attracted 48 buyers from the U.S., 18 from Canada, 15 from Mexico and one from Puerto Rico, as well as venture capital investors from New York, Texas, and South Florida. At the end of the 2-day marathon event, Colombian tech companies expect these 1,100 business meetings will result in over $20 million in direct sales.

Here are the 6 tech companies from that matchmaking event that caught the attention of Atherton Research analysts:

  1. Brash 3D specializes in building augmented reality (AR) and virtual reality applications and content. At the show, they’ve demonstrated how they could transform a standard piece of paper or business card into a rich document with photos, video and links, using AR.
  2. PSL is a 530-engineer software outsourcing organization located in Colombia and Mexico, with over 30 years of experience and already generating 60% of its revenues in the U.S. PSL specializes in the deployment of agile-based, tailored IT services (software development, software team augmentation, QA services, software maintenance and DevOps deployments).
  3. GreenSQA is a 13-year-old software testing and quality assurance company (functional testing, app testing, test automation, agile testing, mobile testing, cloud testing, analytics), with 150 employees. They showed a cloud-based automatic software testing platform that uses idle-computers and/or smartphones to do the actual software testing.
  4. Dexon Software is a profitable 70-person Colombian software developer, incorporated in Delaware in 2002, and currently operating in Miami, Mexico, Santiago and Bogota, competing with Microsoft, IBM, Oracle and SAP in the enterprise software market (Business Process Management and Business Intelligence). Dexon is looking to raise a $2 million seed round to accelerate global growth.
  5. Visionar developed its own augmented reality platform to build quite amazing AR mobile applications for Volvo, Audi or Coca-Cola.
  6. Panter is a 23-people creative agency that does custom developments of mobile apps (Bratz, Lalaloop…), websites and animations (2D, motion graphics) and is part of Codiscos, the largest record label in Colombia.
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