Verint Systems recognized with Latin American product leadership award

Analyst and consultancy firm Frost & Sullivan recently honored Verint Systems with the 2015 Latin American Contact Center Systems Product Leadership Award. The award is given to companies that have demonstrated high standards in product innovation and have experienced significant growth in the face of intense competition and increased customer demand. Read More »

IBM to run Companhia Siderurgica Nacional's IT infrastructure

Brazil's Companhia Siderurgica Nacional (CSN) recently selected IBM Power Systems to run its SAP HANA in-memory analytics applications. CSN is mainly known as an exporter of iron ore in South America. They also develop high value steel, as well as offer cement, mining, energy and logistics products that are used in the construction and automotive industries.  Read More »

JetBlue plans to expand Mexico service following new U.S.-Mexico flight treaty

JetBlue Airways said it will be offering more flights to Mexico in the wake of a recent treaty between the U.S. and Mexico that will allow air carriers to have unlimited flights between the neighboring countries beginning Jan. 1. JetBlue said the new aviation treaty will allow it to expand service to Mexico, where it has been offering flights to Mexico City and Cancun since 2006. Read More »

BBVA Bancomer, Planet Payment sign business deal

Planet Payment, Inc., and Mexican financial institution BBVA Bancomer said they recently reached a deal to process payments for BBVA business customers using Planet Payment’s solutions. The agreement will allow both parties to process payments in different currencies as well as allow BBVA customers to use the integrated payments solution being launched by Planet Payment. Read More »

Omnicom acquires Brazil ad, marketing firm Grupo ABC

Omnicom Group said Monday its DDB Worldwide division has acquired Grupo ABC, the largest marketing communications and advertising company in Brazil. Grupo ABC owns DM9 among other advertising and marketing agencies. "Grupo ABC is widely acknowledged as an outstanding company with impressive creative work and expertise," Omnicom Group President and CEO John Wren said. Read More »

Fitch forecasts fragile boost for Central American economies

The credit ratings agency Fitch Ratings contends that the improvement of the U.S. economy and low oil prices could improve credit ratings throughout Central America. In addition to more potential capital flowing in from a healthier U.S. economy, falling oil prices will benefit the region's oil importers who could take the economic torch from commodities exporters. Read More »

Fitch downgrades, affirms IDRs of several Brazilian corporations

Fitch Ratings downgraded the foreign currency Issuer Default Ratings of several Brazilian corporations. The Brazilian sovereign foreign and local currency IDRs dropped from BBB to BBB- and the country ceiling from BBB+ to BBB. The current foreign currency rating is Negative. Brazil's rising debt, challenges to fiscal consolidation and economic growth are all factors in the downgrade. Read More »

Bancolombia's acquisition of BAM unlikely to impact on rating

Following the announcement in September of Bancolombia’s agreement to acquire a 20 percent stake in Banco Agromercantil de Guatemala, Fitch Ratings reported Friday that any negative impact would be manageable.With this transaction, Bancolombia will own 60 percent of BAM. According to the report, the acquisition of BAM is in line with the bank’s broader strategy for growth. Read More »

Panorama partners with top executive search firm in Brazil

Panorama, the worldwide group of independent executive search firms, recently partnered with EXEC. A top search firm in Brazil, EXEC is a boutique consultancy that provides clients with search and selection, as well as advice for organizational and leadership decisions. It is the sole independent consultancy based in Brazil that also has co-management with an advisory board. Read More »

BNY Mellon selected as depositary bank by Santander Brasil

Banco Santander Brasil recently named BNY Mellon as the depositary bank for its American depositary receipt program. With offices in 65 countries, BNY also has been the American depositary receipt handler for Santander in Chile since June, as well as for 14 other banks in Latin America. This latest agreement fortifies the relationship between BNY Mellon and Santander. Read More »

Jaguar opens Brazil office

Jaguar Growth Partners opened an office in Sao Paulo, Brazil, Thursday. Christian Klotz and Ricardo Costa, two recent additions to the private equity firm’s staff, will head up the new office. The opening of the office will establish Jaguar's presence in Latin American, according to Thomas McDonald, Jaguar managing partner. Prior to joining Jaguar, Klotz co-founded UJAY Capital. Read More »