UruIT recognized as an important player by Tholons Investment Advisory firm in an analysis of Uruguay’s capabilities

Uruguay is one of the most economically developed countries in South America. Strategically located in the heart of MERCOSUR, the country has recently emerged as one of the preferred destinations for businesses targeting South American markets, and seeking to locate nearshore delivery centers for the Americas.
Uruguay is attracting the attention of investors and clients alike as it develops into an alternate offshoring destination.
Information Technology is now an integral part of every forward-looking economy; it has rapidly grown to a potential offshore market of over US$260 billion in 2009, of which only 17% is tapped.
Consulting and related services are strength of the existing Uruguayan IT services.

Uruguay has the capability to cater to high-value segments of the market, thanks to their strong educational structure and experience in Network and System Integration and Consulting.

Service providers (…) like UruIT, among others, are already players in this segment.

Software Engineers System Analysts

Over 11% of the tertiary enrollment can be targeted to work in this segment, which would add up to more than 17,500 fresh resources every year.
In addition, post-graduate and other higher education programs should provide an inflow of another 1,000 to the resource pool. Also, technical diplomas and other certification courses provide an estimated 1,500-2,000 more trained professionals annually.
But the real strength in Information Technology Outsourcing in Uruguay comes from the existing trained workforce in the country.

There are over 11,500 trained and experienced engineers currently employed in Uruguay. There are successful organizations (…) like UruIT among others, along with the multinational presence of IBM, TCS and others who are planning to locate in Uruguay.
Tholons considers Uruguay a potential regional destination for Information Technology Outsourcing, and a gateway to Latin America.

Uruguay can expand its Information Technology Outsourcing exports if the higher-value ITO activities are encouraged and niche segments are targeted.
Moreover, Uruguay has the ability to cater to niche segments in particular the following:

• Product Development
• ERP/CRM Implementation & Consulting
• IT Integration & Consulting

Source: IDB Uruguay Report 2009, Tholons Research

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