Venezuelan IT firm Sidif to expand into English-speaking Caribbean, Brazil

Venezuelan IT firm Sidif plans to expand operations to the English-speaking Caribbean and Brazil during the first half of this year, and is aiming to generate revenues of US$1mn and US$2mn respectively from these markets in the first year of operations, company president Enrique Santiago told BNamericas. Santiago believes the main attractions of both markets are the economic and political stability and the initial approaches Sidif has received there, allowing them to penetrate the markets in a reasonably short period of time.