The ITO Opportunity in Bogota Global Solutions
A Seasoned IT Industry • For over 20 years, Bogota has hosted local and multinational IT companies. The industry is made up of a number of large multinational and many small - medium domestic firms which provide a wide range of services at a local and offshore level. • During the period 2000-2010 revenues of software and associated services grew at a 12.5% CAGR. Colombian IT Services Industry Revenues (2010)*
Revenues (US$Millons)
1.800
29
1.500
179
IT Outsourcing
1.200
304
Deploy and Support
900 600
21 97 169
Integration and Development
417
Consulting
275
0
Education and Training
580
300 276 2006
2007
2008
2009
2010
*Expected revenues for 2010. Source: International Data Corporation, 2010.
Experience Across Various Verticals The industry has developed great expertise in the financial and healthcare sectors. Main Verticals Served by Bogota IT Services Providers (2010) Finance Healthcare and SS Retail & e-commerce Goverment Telecommunications Industrial & manufacture Transportation Utilities
18.5 15.5 10.2
0
3.8 4
2
8.2 8.1 7.8 7.6 6
8
10
12
% of companies serving verticals
14
16
18
20
Source: Invest in Bogota analysis.
Abundant and Highly Qualified Talent • Over 130,000 students per year are enrolled in IT related fields in Bogota. • Every year more than 17,000 students graduate from engineering and careers related to the IT industry, ensuring an on-going source of talent for companies operating in Bogota. Average Annual Supply of Engineering and IT Graduates Gualadajara Monterrey Metro Manila Santiago Sao Paulo Bogota Bangalore Buenos Aires San Jose
25 24 23 22 19 17 17 11 0
3.3 5
10
Source: Everest Research Institute.
15 Thousand graduates
20
25
30