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Why Argentina Presentation
Why Argentina Presentation
Why Argentina Presentation
Why Argentina Presentation
Why Argentina Presentation
Why Argentina Presentation
Why Argentina Presentation
Why Argentina Presentation
Why Argentina Presentation
Why Argentina Presentation
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Why Argentina Presentation

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  • 1. CERCAS OFT … benefits of insourcing and offshoring combined! Argentina: Software Development and IT Consulting Outsourcing’s New Hot Spot Page 1 CERCAS OFT
  • 2. Introduction Why Argentina • The attractiveness of Latin America • IT Landscape in Argentina • Leading Content Producer in Spanish • Educational excellence • Political Stability • Closer time-zone • Favorable Tax Structure Page 2 CERCAS OFT
  • 3. The attractiveness of Latin America • Latin America has become a hub for many offshoring and nearshoring companies’ projects. Specifically, Argentina has become a top destination, due to its skilled workforce and cultural and geographical closeness to the US and Europe. Page 3 CERCAS OFT
  • 4. IT Landscape in Argentina • A number of major IT firms have setup bases, including IBM, Microsoft and Oracle. Microsoft established a A Human Development Report relationship with the Government to reduce piracy rates prepared by the United Nations by leveraging the highly educated professional Development Program, reported in workforce to develop local technology the technology achievement index that Argentina ranked among the • Argentinean government has spent billions to build up global leaders of the information era. the infrastructure system and now has the highest growth rate of connectivity in Latin America • Buenos Aires has become a technological hub with a large concentration of IT companies located within this one geographical area. CERCASOFT runs R&D centers in Buenos Aires and Cordoba. Cordoba is the second largest IT hub in Argentina. This dual location in the top IT clusters, allows CERCASOFT to tap into the best talent pool available in the region UNDP Technology Achievement Index: (http://hdr.undp.org/reports/global/2001 /en/pdf/techindex.pdf) Page 4 CERCAS OFT
  • 5. Leading Content Producer in Spanish • In the last decade, significant capital has been invested in Buenos Aires-based dot-com businesses based on "Argentina, respected for its the Hispanic markets. Some of these became a hard science acumen and regional providers of services to US and European winner of Latin America's only companies Nobel Prize in science, has become a cost-effective source • Buenos Aires is a hub for retail web services. The of well-educated programmer Buenos Aires-based development of Disney's web site and technology workers. for Hispanic America is prime example Other Latin America nations • Argentina is also a leading content producer in have cheaper labor but not the Spanish, developing offshore platform and services same skilled work force that helped put Argentina at the • Argentina’s leadership is the result of the education center of Latin-America level achieved and the multi-cultural wealth of the internet start-ups in the 1990s Argentine society dot-com boom." Marta Hummel (29 may 2003) Argentina Techs grows as devaluation kicks in. (www.reuters.co.uk). Page 5 CERCAS OFT
  • 6. Educational excellence • Argentina’s government is committed to education by providing free university education to all its citizens. The country has set itself apart from other Latin American nations by having the highest literacy rate and English speaking population. • Unlike other major outsourcing countries, such as India, Argentineans must finish their trade school education before they can be given titles of Software Engineers. • At CERCASOFT, we understand that the most important part of the IT business is human capital. As a high-end software development company in the region, CERCASOFT has established partnerships with some of the most prestigious universities and trade schools in order to gain direct access to the best talent available. • Highly qualified human resources Historically, Argentina has the best educational level of South- America. Argentineans are professional experts abroad. Argentina boasts the great availability of highly skilled professionals. The IT sector is well developed. Page 6 CERCAS OFT
  • 7. Political Stability • In late 2000, Argentina went through a financial market correction. Today, Argentina is thriving with an economic growth rate averaging 8% since 2002. “Countries should look to Argentina as an example of • Argentina has a very stable government, civil society everything that they should and among the lowest crime rates in the entire region not do in the face of a domestic and international • The International Monetary Fund consistently economic and political crisis” supported Argentina’s stabilization and reform efforts and often points to many of Argentina’s policies as Claudio Rios examples for other emerging market economies to Argentine Chamber of Commerce emulate • Argentine government has established a number of laws and policies promoting the software industry Page 7 CERCAS OFT
  • 8. Closer time-zone • One of the main weaknesses of the offshore outsourcing traditional model has proven to be the difficulties of managing a remote team through time zone differences. Many companies are looking for alternative locations to avoid this inconvenience • Almost 50% of Argentina is in the same time zone as the Eastern United States, the other half is only 4 hours different then that of the West Coast. This close proximity provides a number of advantages to our clients, including: • Instant communication channels: on any project communication is essential, especially when working with an offshore vendor. Our clients have always like the fact that when they pick up the phone or send a question by email, a person does not have to wait till the next day for a response • Better team integration: with immediate communication between the local and near shore teams, a sense of openness forms that improves morale and commitment which fosters a collaboration • Shorter communication cycles: saving time and money Page 8 CERCAS OFT
  • 9. Favorable Tax Structure • Argentina government is firmly behind its Software Industry, through specific laws that set forth that software production is considered similar to an CERCASOFT is able to industrial activity and companies engaged in this tap into the highly practice will receive tax credits and other benefits established for the industrial sector by the National qualified professional Government network while maintaining a cost structure that is the • The tax structure allows the Executive Branch to same, if not better, then include, either in the existing or future productive our competition development policies, the design, promotion and manufacturing of software as a productive transformation activity that may be promoted • These favorable tax code policies provides highly educated, competitive workforce at an extremely favorable pricing structure Page 9 CERCAS OFT
  • 10. Thank You. Courtesy of CERCASOFT www.cercasoft.com … benefits of insourcing and offshoring combined! For more information please contact: Mirek Boruta at mirek@cercasoft.com Page 10 CERCAS OFT

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