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Nexxy Capital acquires 100% of Orbium
[May 24, 2007]

Nexxy Capital acquires 100% of Orbium

( Via Thomson Dialog NewsEdge) Brazilian venture capital group Nexxy Capital has acquired a 100% of local CRM solutions provider Orbium, the former said in a statement.

Nexxy Capital, which owns a controlling stake in local call center specialist NetCallCenter, will merge Orbium and NetCallCenter to offer the complete range of CRM and call center solutions.

Orbium and NetCallCenter separately posted 40% revenue growth each in 2006 compared to 2005, with a combined total of 213 clients and 70 employees. Their combined client base includes eight of the top 10 call center companies such as Atento and seven of the top 10 insurance companies in Brazil.

"Jointly, we [the two companies] expect to reach 50% revenue growth in the next 12 months," Orbium president Marcelo Amorim told BNamericas, without giving an absolute revenue figure.

The merged company will reach its target by offering a broader range of software and services to existing customers and target new customers in Latin America.

The new company will also bolster its focus in the SME sector and intends to expand to new vertical segments such as healthcare, Amorim said.

Nexxy Capital did not reveal the acquisition price or the level of investment in the companies, which will initially keep their own infrastructure but will be integrated in the next 90 days.

According to Amorim, Nexxy Capital is currently assessing other acquisitions in the region.

Copyright 2006

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