Black Box Acquires Brazil’s 2S Inovações, Expanding Digital Infrastructure and Cybersecurity Capabilities Across Latin America

Black Box Limited (BSE: 500463 | NSE: BBOX), the technology arm of Essar and a leading global provider of digital infrastructure solutions, today announced the successful completion of its acquisition of 2S Inovações Tecnológicas S.A., a leading Brazil-based provider of digital infrastructure, data center networking, cloud, cybersecurity, and managed technology solutions. The acquisition marks a significant milestone in Black Box’s global growth strategy and further advances its long-term objective of achieving US$2 billion in annual revenues by 2030.

The effective date of acquisition is May 1, 2026.

Established in 1992 and headquartered in São Paulo, Brazil, 2S Inovações Tecnológicas delivers end-to-end digital infrastructure solutions spanning consulting and strategy, enterprise and data center networking, cloud and hybrid infrastructure, cybersecurity operations, systems integration, managed services, and lifecycle optimization. The company is recognized for its strong capabilities in mission-critical networking, hyperscale-ready data center infrastructure, collaboration, and security solutions built on leading global technology platforms.

The acquisition significantly strengthens Black Box’s capabilities and market presence across Latin America, particularly in high-growth areas such as data center networking, digital connectivity, cybersecurity, and managed infrastructure services. The transaction also reinforces Brazil’s strategic importance within Black Box’s global operations as enterprises, cloud providers, and hyperscalers continue to invest in next-generation digital infrastructure across the region.

Brazil’s rapidly expanding digital economy, increasing cloud adoption, accelerating AI-driven infrastructure investments, and strong engineering talent base position the country as an important regional hub for digital infrastructure transformation and technology services delivery.

“The acquisition of 2S marks another important milestone in Black Box’s global growth journey and further strengthens our strategic position in the high-growth LATAM market,” said Sanjeev Verma, Whole-Time Director & Chief Executive Officer of Black Box. “2S brings deep expertise in Cisco networking, enterprise and data center infrastructure, cloud, cybersecurity, and managed services, which strongly complements Black Box’s global capabilities across digital infrastructure, networking, connected workspaces, and technology integration.

As enterprises worldwide accelerate investments in AI, cloud, cybersecurity, and digital connectivity, the demand for resilient, scalable, and secure network and data center infrastructure continues to grow significantly. This acquisition enhances our ability to support customers across the full lifecycle of digital infrastructure transformation - from network modernization and data center integration to managed operations and cybersecurity.



This acquisition also reflects our continued focus on disciplined inorganic growth as a key pillar of our long-term strategy. The transaction is expected to contribute approximately Rs. 500 crores in annualised revenues and further strengthens our networking and data center business across Latin America while enhancing our ability to deliver integrated, end-to-end digital infrastructure solutions globally.

Together, we are building a stronger platform to drive innovation, operational excellence, and sustainable long-term value for our customers, partners, and shareholders.”

About Black Box Ltd.

Black Box (BSE: 500463/NSE: BBOX) is a global leader in digital infrastructure solutions, delivering network and system integration, managed services, and technology products to Fortune 100 and top global enterprises. With a presence across the United States, Europe, India, Asia Pacific, the Middle East, and Latin America, Black Box serves businesses across financial services, technology, healthcare, retail, public services, and manufacturing.

Supported by a global team of around 3,600 professionals and strategic partnerships with leading technology providers, Black Box delivers end-to-end solutions in network integration, digital connectivity infrastructure, data centre buildouts, modern workplace solutions, and cybersecurity. Its Technology Products portfolio enhances business operations with cutting edge solutions in AV, IoT, KVM, Networking, Infrastructure, and Cables.

For more information, visit www.blackbox.com

Noida’s Leads Connect Unveils ICCRI and KEDAR–PARVATI, Next-Gen AI Platforms for Agriculture Risk Intelligence

Launch of Kedar-Parvati AI infrastructure for agriculture by Leads Connect Services

• The launches are aligned with India’s expanding focus on Artificial Intelligence and digital public infrastructure for agriculture coinciding with the ongoing India AI Impact Summit
• Strengthens India-Brazil relationship amidst Brazilian President Luiz Inácio Lula da Silva’s five-day state visit

Noida-headquartered Leads Connect, India’s leading agritech firm that provides full stack solutions to farmers, inaugurated its AI-Enabled Integrated Command Centre for Risk Intelligence (ICCRI) and AI-powered large-scale intelligence platform, KEDAR–PARVATI in the presence of a high-powered Brazilian delegation marking a significant milestone for agri-collaboration during Brazilian President Luiz Inácio Lula da Silva five-day state visit.

Leads Connect today hosted a high-level Brazilian delegation led by H.E. Mr. Paulo Teixeira, Hon’ble Minister of Agrarian Development and Family Farming, Government of Brazil, here at its Noida headquarters. Mr. Teixeira was accompanied with Mr. Arnaldo Manuel de Souza Machado Borges, President, ABCZ (Associação Brasileira dos Criadores de Zebu); Mrs. Roberta Bertin Barros and Mr. Rogerio Barros of Fazenda Floresta; Diplomat Eduardo Braga; and Mr. Maurício Polidoro (International Advisory).

H.E. Mr. Paulo Teixeira, Hon’ble Minister of Agrarian Development and Family Farming, Brazil & Navneet Ravikar, CMD, Leads 

Mr. Teixeira inaugurated the AI-Enabled Integrated Command Centre for Risk Intelligence (ICCRI) and witnessed the global launch of KEDAR–PARVATI, a next-generation AI-powered large-scale intelligence platform for risk management. The launches are aligned with India’s expanding focus on Artificial Intelligence and digital public infrastructure for agriculture, coinciding with the ongoing India AI Impact Summit. LLMs & SLMs are part of Kedar-Parvati as modules for strengthening risk management solutions for Agriculture & Climate analytics at planet scale.

Commenting on the programme, Navneet Ravikar, Chairman & Managing Director, Leads Connect and CEO of BL Agro (parent company of Leads Connect) said, “It was an honour to showcase to H.E. Mr. Paulo Teixeira how we are leveraging AI in different aspects of agriculture. This comes at a time when India is celebrating the biggest festival of AI, India AI Impact Summit, that has put India on the global AI map. Our innovations with AI in agriculture and its effective implementation in the international market is a testament to India’s growing prowess in AI.”

Delighted at hosting the high-profile Brazilian delegation, Ashish Khandelwal, Managing Director, BL Agro, said, “This launch showcased our depth in AI proficiency and also highlights how we are effectively using it in agriculture. KEDAR–PARVATI represents applied AI at planet scale and brings together satellite intelligence, field analytics, financial risk modeling, and cross-domain learning into one coherent system that can support governments, financial institutions, and farmers alike.”

“As we celebrate the biggest festival of AI in the world, I am proud to see how Leads Connect have leveraged AI in one of the most important sectors, agriculture, that contributes the most to India’s GDP. Under the leadership of Hon. Prime Minister Shri Narendra Modi, we are actively transforming India's agricultural sector by integrating Artificial Intelligence (AI) to boost productivity, sustainability, and farmers' income as part of the vision for a Viksit Bharat 2047. Today is a significant milestone towards our goal”, adds, Navneet.

In his special address, H.E. Mr. Paulo Teixeira reaffirmed the commitment to deepening bilateral collaboration in agricultural technology, digital transformation, and climate-resilient farming systems.

The AI-Enabled Integrated Command Centre for Risk Intelligence (ICCRI) is a live, in-house command centre delivering hyperlocal real-time analytics across the entire agriculture, climate risk, financial inclusion, and disaster management spectrum. At ICCRI, the delegation witnessed live demonstrations of proprietary intelligence frameworks, including: Operational geoportals including AGRANI, PixStack, DEVI–Saptashati, Maatri, and Kedar–Parvati was demonstrated in real time.

KEDAR–PARVATI is a next-generation large-scale intelligence platform for risk management. KEDAR stands for Knowledge Engineering & Deviation Analytics for Risk Intelligence and Parvati for Phenomics Analytics & Risk Value Assessment for Transferring Intelligence. It was developed by Varahi-NexTech, Leads NexTech India Pvt. Ltd. and operationalised on-ground by Leads Connect.

A special interaction session during the visit brought together smallholder farmers and representatives of cooperatives and Farmer Producer Organizations (FPOs), who shared real-world use cases demonstrating how AI-driven advisory and risk intelligence tools have enhanced productivity, improved access to finance, and strengthened climate resilience at the grassroots level.

The visit also highlighted an upcoming 360° India–Brazil Agri-Tech and Agri Value Chain Corridor initiative, beginning with the cashew value chain in collaboration with EMBRAPA and Amazonika Mundi. The initiative aims to integrate plantation science, value-chain analytics, AI-enabled advisory, financial services (credit & insurance), sustainable processing, and structured market integration in Brazil, with potential replication in India.

Cisco’s Wireless Tech Helps Safely Remove Hazardous Waste from Brazil’s Dams

Brazil’s mining industry has long relied on tailings dams—massive containment structures holding mining byproducts. However, poorly constructed dams have led to catastrophic collapses, most notably in Mariana (2015) and Brumadinho (2019), which caused hundreds of deaths and severe environmental damage. Now, the country is racing to safely decommission these unstable dams, but traditional methods pose extreme risks to workers.

Since the terrain is unstable, traditional on-site operations would be too dangerous. Instead, operators work from a central command center, viewing real-time camera feeds and sensor data to control bulldozers and excavators remotely.

The challenge was ensuring ultra-low latency (<10ms) and seamless connectivity, as even a half-second delay in video transmission could lead to accidents. Cisco URWB provides instant response times, allowing operators to steer equipment as if they were physically inside the vehicle.

Enter Cisco’s Ultra-Reliable Wireless Backhaul (URWB), a cutting-edge networking technology that enables the safe remote operation of heavy machinery in hazardous environments.

A Brazilian engineering firm is using remotely controlled heavy machinery to remove hazardous mining byproducts without putting workers at risk. Since the terrain is unstable, traditional on-site operations would be too dangerous. Instead, operators work from a central command center, viewing real-time camera feeds and sensor data to control bulldozers and excavators remotely. 

The Solution: Remote-Controlled Heavy Machinery

Aterpa, a Brazilian engineering firm, is using bulldozers and excavators controlled from a command center rather than putting human operators inside the vehicles. This approach eliminates the risk of landslides and structural failures that could harm workers.

But this shift requires instantaneous communication between operators and machinery. A split-second delay could lead to misalignment, accidents, or inefficiencies in handling debris. This is where Cisco’s URWB comes in.

How Cisco’s URWB Works

URWB is designed for high-speed, low-latency communication, ensuring that remote-controlled equipment responds in real time. Here’s how it achieves this:

• Ultra-Low Latency (< 10ms) Unlike standard wireless networks, URWB ensures near-instantaneous data transmission, allowing operators to steer equipment with precision.
• Seamless Connectivity Across Harsh Terrain: Traditional networks struggle in remote, unstable areas, but URWB delivers consistent signal strength, ensuring uninterrupted control.
• High-Bandwidth for Video Feeds: Operators rely on live-streamed camera feeds to navigate machinery remotely. URWB supports high-resolution video transmission without lag.
• Industrial-Grade Reliability: Unlike Wi-Fi or public cellular networks, URWB is built to withstand extreme environmental conditions, ensuring dependable communication in disaster zones.

Why Not Use Wi-Fi or 5G?

Wi-Fi 6E, while offering improved speed over previous generations, is not designed for industrial automation. Its range is shorter, and it struggles with interference in outdoor environments. Public 5G networks offer broad coverage but lack the ultra-low latency necessary for instant remote control. Cisco’s URWB fills this gap by combining the real-time responsiveness of fiber networks with the flexibility of wireless technology.

Beyond Brazil: Other Applications of URWB

Cisco’s URWB is not just revolutionizing mining cleanup. It’s already being deployed in:

• Autonomous Vehicles & Robotics: Supporting real-time control in factories and ports.
• Railway Safety: Enabling automatic train control for improved efficiency and accident prevention.
• Smart Cities & Security: Powering AI-driven surveillance for traffic monitoring and emergency response.

Final Thoughts

By enabling safe, remote mining cleanup, Cisco’s URWB is proving that wireless technology isn’t just about convenience—it can save lives. As industries continue to adopt AI-powered automation, high-speed wireless networks like URWB will play a crucial role in shaping the future of industrial safety and efficiency.

Would you like more technical details on Cisco’s URWB architecture or a comparison with private 5G?

Paytm to Acquire 25% Stake in Brazilian Finance Startup Dinie

Paytm's wholly owned subsidiary, Paytm Cloud Technologies Limited (PCTL), has approved an investment of $1 million (Rs 8.7 crore) to acquire a 25% stake in Seven Technology LLC, the parent company of Brazilian embedded finance startup Dinie.

This move is part of Paytm's strategy to expand its merchant payments and financial services model internationally, especially in emerging markets with strong fintech potential.

Dinie provides digital financial services to micro, small, and medium-sized enterprises (MSMEs) through e-commerce platforms in Brazil. The acquisition is expected to be completed within 45 days.

"This investment would help in understanding the merchants’ business landscape and opportunity in the Brazilian market," the Paytm said in a regulatory filing.

Once the acquisition is complete, Seven Technology and Dinie will become associate entities of Paytm, which means they will be closely linked but not fully integrated operations. This step is a significant part of Paytm's broader strategy to expand its merchant payments and financial services model internationally.

To recall, last year in February Paytm acquired Bitsila, a cloud-based marketing suite solutions provider for businesses, based in Bengaluru.

For the 1st Time, The Incredible Amazon Rainforest Gets Fiber Broadband Network

Known as the 'Lungs of the Earth' and the world's largest rain forest — Amazon Rainforest — has been equipped with a fiber broadband network. This groundbreaking project was carried out by Nokia in partnership with Global Fiber Peru, and the network is deployed underwater. 

Since Amazon has the world's largest river system and the most biologically diverse place on Earth containing millions of species, most of them still undescribed, the fiber cables used for subaquatic deployment are specially designed to withstand the underwater environment, including pressure, temperature variations, and potential damage from wildlife or natural occurrences.

The deployment of this subaquatic optical, IP, and XGS-PON fiber broadband network is a significant step towards bridging the digital divide in the incredible Amazon region.

The network is set to connect over 400 communities and more than 500,000 users across the heart of the Amazon rainforest, particularly in the three-border region shared by Peru, Colombia, and Brazil. This includes the localities of Iquitos and Santa Rosa de Yaraví in Peru, Leticia in Colombia, and Tabatinga in Brazil, which now have access to ultra-fast, multi-gigabit broadband services.

Dubbed as "Amazon Fiber", the first mega project with a deployment that has more than 1,600 km of subfluvial fiber optics, this initiative is expected to have a profound impact on the social, economic, and educational development of the region, providing high-quality internet access to thousands of people for the first time.

The deployment of the fiber network underwater in the Amazon Rainforest was a complex process that involved several steps and specialized equipment. Before laying the fiber cables, a detailed survey of the riverbed is conducted to determine the best route and identify any potential obstacles.

The fiber cable is laid on the riverbed using specialized ships or barges equipped with cable-laying gear. The process is carefully monitored to ensure the cable follows the planned route and is laid down smoothly. Once the cable is in place, it may be buried under the riverbed for additional protection or covered with protective materials to prevent damage.

After the cable is laid, it is connected to the network on land, and extensive testing is conducted to ensure the integrity and performance of the connection.

Nokia said that regular maintenance is required to ensure the network remains operational. This can include inspections and repairs if any part of the network is damaged or degraded. Underwater networks are more challenging to access for maintenance and repairs. Any issues that arise require specialized equipment and trained personnel to address them.

Technology Stack

In the case of Nokia's project with Global Fiber Peru, the companies deployed a complete solution that included their 1830 Photonic Service Switch (PSS), 7750 service routers, 7250 interconnect routers, 7210 services access systems (SAS), network service platform (NSP), FX 8 and FX 16 optical line terminals (OLT), fiber optical network terminals (ONTs), and Nokia Beacon 1 devices to ensure a premium Wi-Fi experience within customer premises.

The deployment was made in collaboration with FYCO, a local partner specialized in fiber telecom networks in Latin America. They also provided training, professional services, and maintenance services as part of the project.

This project is a significant achievement as it bridges a considerable digital gap in remote areas previously inaccessible by traditional means. It's a testament to the advancements in technology and the commitment to providing connectivity even in the most challenging environments.

Accenture To Acquire SOKO, A Brazil-based Creative Agency

Accenture has announced its agreement to acquire SOKO, an independent Brazilian creative agency. This acquisition is aimed at expanding Accenture's creative and brand experience capabilities in Brazil.

SOKO, founded in 2015, is recognized for its innovation and creativity, ranking as one of the top three advertising agencies in Brazil. The agency's work has been acknowledged internationally, with awards from The One Show, Clio Awards, The Effies, Fast Company, and Cannes Lions.

Post acquisition, SOKO will become part of Droga5 São Paulo, which is a part of Accenture Song, the world's largest tech-powered creative group. The terms of the transaction have not been disclosed, and the completion of the acquisition is subject to regulatory approvals and other customary closing conditions.

The SOKO acquisition will likely enhance Accenture's influence and relevance in Brazil's creative market. The acquisition of SOKO will allow Droga5 São Paulo to deepen its influence and relevance in Brazil while strengthening the market's creative and brand capabilities within Accenture Song.

SOKO was founded by Felipe Simi, Co-CEO and chief creative officer, who is the #1 most admired advertising executive in Brazil according to 2023 Agency Scope research. He was also named by Wired Magazine as one of the 50 most creative people in Brazil in 2020.

Terms of the transaction of the acquisition have not been disclosed. Completion of the acquisition is subject to customary closing conditions.

In addition to SOKO, Accenture has acquired more than 40 argencies over the last decade, including Fjord and Karmarama in the UK, Rothco in Ireland, SinnerSchrader in Germany, and The Monkeys in Australia, to build Accenture Interactive into a major player in the agency sector. These agencies are now unified under the Accenture Song brand.

Indian IT companies have been expanding their presence in Brazil, leveraging the country's potential as a significant market in Latin America. Some of the largest Indian IT service providers, such as Tech Mahindra, Tata Consultancy Services (TCS), Wipro, and HCL, have established operations in Brazil.

TCS, which has been operating in Brazil for over two decades, has recently announced a new delivery center in Londrina, Paraná, Brazil.

The Brazilian IT market is the seventh-largest in the world and was valued at US$60 billion in 2014, with a growth rate higher than the global average. This growth potential is a significant factor attracting Indian IT companies to Brazil.

The Brazilian domestic market is already larger than that of India. In 2014, Brazil's IT market had an investment growth of 4.04% and represents 46% of the IT market in Latin America, making it an attractive destination for IT companies. Indian IT Services companies are not only serving the local Brazilian market but also providing services to global clients.

For instance, Infosys opened a development center in Nova Lima, Minas Gerais, in 2009, focusing on management consulting, IT solutions, and business process outsourcing (BPO), particularly in SAP and Oracle's ERP systems. TCS, being the largest Indian IT company in Brazil, accounted for 20% of its turnover in Latin America in 2013 and aimed to raise its revenues in the region to US$1 billion by 2016.

Moreover, the Consulate General of India in Sao Paulo has noted that the NRI community in Brazil primarily includes professionals working in the local offices of Indian companies, primarily in the IT and Pharma sectors. This indicates a robust presence and integration of Indian IT professionals in the Brazilian market.

The engagement between Indian and Brazilian companies is expected to grow, with technology playing a crucial role in overcoming barriers such as language and distance, fostering stronger trade partnerships.

Market Size of Brazilian IT Services Sector 

The IT Services market in Brazil is projected to reach US$20.80 billion in revenue in 2024. It is expected to show an annual growth rate (CAGR) of 7.51% from 2024 to 2028, resulting in a market volume of US$27.79 billion by 2028. The average spend per employee in the IT Services market is projected to be US$189.00 in 2024.

In a broader context, the Brazilian Information and Communications Technology (ICT) market was valued at US$82.26 billion in 2022 and is forecasted to grow at a compounded annual growth rate (CAGR) of 18.62% to reach US$193.20 billion by 2027. The cumulative revenue generation for ICT providers in Brazil is estimated at US$776.97 billion for the period from 2022 to 2027.

These figures reflect the significant growth potential and the expanding market size of IT services in Brazil.

Challenges faced by Indian IT companies in Brazil

Indian IT companies face several challenges in the Brazilian market. Some of the key obstacles include:

• Bureaucracy: The Brazilian market is known for its complex regulatory environment, which can be challenging for foreign companies to navigate.
• Tax Burden: High taxes can significantly increase the cost of doing business in Brazil.
• High Labor Costs: Compared to other markets, labor costs in Brazil are relatively high, which can affect profitability.
• Qualified Workforce: Finding a qualified workforce that is also fluent in languages other than Portuguese, especially English, is a difficulty that Indian IT companies encounter.
• Economic and Political Uncertainty: Fluctuations in the economic and political landscape can pose risks to stable operations and growth.
• Infrastructure Shortages: Despite significant investments in the tech sector, Brazil still faces challenges related to infrastructure. 
• Regulatory and Tax Barriers: Navigating the tech landscape requires careful consideration of regulatory and tax barriers to take advantage of growth opportunities

These challenges require Indian IT companies to adapt and develop strategies that can overcome these hurdles to successfully operate and grow in the Brazilian IT market.

Strength Areas of Indian IT Companies in Brazilian Market

Indian IT firms in Brazil have shown particular strength in several sectors, as below:

ERP Systems: Companies like Infosys have focused on management consulting with a specialization in SAP and Oracle's enterprise resource planning (ERP) systems. 

IT Solutions and BPO: Development of IT solutions and business process outsourcing are also areas where Indian IT firms have established a strong presence. 

Cloud Computing and Big Data: TCS has focused on services related to mobile internet, cloud computing, big data, and high-performance computing¹.

Application Development and Maintenance: Wipro has a global delivery center in Curitiba, offering a range of IT services including development and maintenance of applications (Oracle and SAP), IT infrastructure management, big data and analytics, cloud computing, and outsourcing.

These sectors are critical for the growth of Indian IT companies in Brazil, as they align with the country's IT market demands and the expertise these firms bring from their global experience.

Major Indian IT Companies in Brazil

1. Tata Consultancy Services (TCS): TCS is one of the largest Indian IT companies and has a significant presence in Brazil.

TCS accounted for 20% of its turnover in Latin America from Brazil in 2013. The company's goal is to raise its revenues in the region to US$1 billion by 2016, reaching 4% of global turnover. TCS has a development center in Tambore, São Paulo, focusing on services related to mobile Internet, cloud computing, big data, and high-performance computing.

2. Infosys: Infosys, the second-largest Indian IT company, opened a development center in Brazil in Nova Lima, Minas Gerais, in 2009. Initially, the aim was to provide services for multinational customers based in Brazil. Infosys acquired Lodestone in 2012, specializing in the SAP system.

Currently, Infosys offers various lines of IT services in Brazil, including management consulting focused on SAP and Oracle's enterprise resource planning (ERP) systems, IT solutions development, and business process outsourcing (BPO). They have around 1,000 employees in Brazil and maintain local operations in Mexico, Argentina, and Costa Rica.

3. Tech Mahindra: Tech Mahindra is another Indian IT giant that has expanded its operations in Brazil. Tech Mahindra entered Latin America in 2010, and is part of the growing trend of Indian IT companies investing in Brazil. In 2013, Mahindra Satyam, which has now merged with Tech Mahindra, acquired a controlling stake in Brazilian SAP consulting firm Complex IT. Latin America is a key market for the Tech Mahindra in terms of retail, aerospace and defence domains

4. Wipro and HCL: These companies have also started operations in Brazil to serve both the local market and global clients. However, further details about their specific services and impact in Brazil are not provided here.

The growth in the number of Indian IT companies in Brazil has been notable. Major Indian companies such have established their presence in Brazil, particularly in cities like São Paulo. This expansion is part of a broader trend of increasing economic cooperation between India and Brazil, with both countries recognizing the importance of entrepreneurship and investment in each other's markets.

In recent years, the bilateral relationship has intensified, with high-level engagements and the signing of multiple MoUs and agreements in various sectors, including IT. The mutual investment stock between Brazil and India is around USD 7 billion, indicating significant economic ties. The presence of Indian IT firms in Brazil is a reflection of this growing partnership and the opportunities both countries see in the technology sector.

TCS Announces New Delivery Center in Brazil

• The new center will help Brazilian organizations in their technology transformation with a focus on strategic areas such as digital transformation, artificial intelligence and cognitive business operations
• TCS will create 1,600 new jobs in the southern city of Londrina over the next five years.

Tata Consultancy Services (TCS) has announced a new delivery center in Londrina, Paraná, Brazil. This strategic move will create more than 1,600 new job opportunities over the next five years, contributing to the local economy and strengthening TCS' presence in the region.

TCS has been operating in Brazil for over two decades, with existing operations in Londrina, São Paulo, and Rio de Janeiro. The company already employs around 1,700 people in Londrina since 2018. The new centralized campus in Londrina will bring the city's workforce under one roof, creating a vibrant hub for collaboration and innovation. The delivery center will specialize in key areas such as Business Transformation, Artificial Intelligence, and Cognitive Business Operations, offering a comprehensive suite of IT services to clients in Brazil and around the world.

Carlos Massa Ratinho Junior, Governor of the State of Paraná, expressed the importance of TCS' announcement: "This announcement by TCS is so important to us because it involves a strategic area for the development of our state. I have come to India to learn more about the capabilities that the country has built in many areas, especially in digital technologies, where India is a global leader. Leveraging experiences from here, we can deepen digitization of various services and products for the Brazilian economy."

Bruno Rocha, Country Head of TCS Brazil, emphasized the company's commitment to local talent and innovation." TCS aims to double the number of associates in key areas such as Cybersecurity, Cloud, Cognitive Business Operations (CBO), ITIS, AI, and automation. The expansion further solidifies TCS' position as a leading IT services provider in Brazil, serving over 140 clients across various industries, including banking, insurance, mining, retail, and telecommunications. TCS has consistently been recognized as a Top Employer in Brazil for 10 consecutive years and received the diversity seal from the state of São Paulo in 2022," Rocha said. 

TCS has been operating in Brazil for over two decades, with existing operations in Londrina, São Paulo, and Rio de Janeiro.

The company already employs around 1,700 people in Londrina since 2018. The new centralized campus in Londrina will bring the city's workforce under one roof, creating a vibrant hub for collaboration and innovation.

TCS serves over 140 clients in Brazil across various industries, including banking, insurance, mining, retail, and telecommunications. The company has consistently been recognized as a Top Employer in Brazil.

The company has consistently been recognized as a Top Employer in Brazil for 10 consecutive years and received the diversity seal from the state of São Paulo in 2022. TCS aims to double the number of associates in key areas such as Cybersecurity, Cloud, Cognitive Business Operations (CBO), ITIS, AI, and automation.

Accenture Invests in Brazilian Cybersecurity Startup Tenchi Security

Brazilian company is first Accenture Ventures “Project Spotlight” cybersecurity investment in Latin America

Accenture has made a strategic investment through Accenture Ventures, in Tenchi Security, a Brazil-based third-party cyber risk management company. 

Accenture’s investment in Tenchi Security is part of $7 million Series A fundraise wherein the cybersecurity startup has raised capital from Bradesco PE&VC, L4 Venture Builder (a fund supported by B3, the São Paulo stock exchange), and Accenture is a participant in the Investment round.

Accenture will leverage Tenchi’s SaaS platform as a new component of its managed security services offering to help organizations reduce cyber risks across their supply chain.

Based in São Paulo, Brazil, Tenchi Security’s SaaS platform gives organizations better visibility into their supply chains risks by continuously monitoring relationships with suppliers. Unlike other enterprise cyber risk management providers in the market, Tenchi’s approach provides a holistic view of an organization’s cyber risk profile through a comprehensive risk assessment.

Recent cyberattacks have exposed how greater interconnectivity, network access and ecosystem vulnerabilities can affect even the most secure businesses. In fact, Accenture’s Cyber-Resilient CEO research found that around half (51%) of CEOs ranked supply chain as the second highest external risk, underscoring the vulnerabilities of global organizations across their value chains.

“Supply chain security attacks are happening all too often when security is not embedded at the core of the business and across suppliers,” said Paolo Dal Cin, global lead of Accenture Security. “This is particularly concerning when more than half of executives say their organizations have an insufficient understanding of cyber vulnerabilities in their supply chain. To address this issue, Tenchi and Accenture will offer organizations a complete supply chain risk management security solution that will allow them to identify cyber risks faster and assist in addressing cyber threats.”

Felipe Boucas, CEO of Tenchi, said, “While there is a growing awareness of the need to manage cybersecurity risks across a company’s supply chain, there is a lack of verified, integrated and continuous data and effective remediation. With Accenture’s deep experience in managed security services, we will help organizations build trust between their business, suppliers, and partners, while offering ways to improve upon their cybersecurity and the cyber hygiene of the ecosystem as a whole.”

Tenchi Security is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and investment program that targets emerging technology companies that can help fill strategic innovation gaps for Global 2000 organizations. In addition to making capital investments in emerging startups, Accenture Ventures’ Project Spotlight offers unprecedented access to Accenture’s technology domain expertise and its enterprise clients. Technology companies co-innovate with Accenture at its Innovation Hubs, Labs, and Liquid Studios, working with subject matter experts to adapt their solutions to the enterprise market and scale faster and more effectively.

Accenture ranked No. 1 in managed security services (MSS) market share by revenue in the Gartner® Market Share: Managed Security Services, Worldwide, 2022 report, 18 April 2023 *. Accenture was recognized as the highest Leader in Everest Group’s Cloud Security Services PEAK Matrix® Assessment 2023.

Terms of the investment were not disclosed.

*Gartner, Market Share: Managed Security Services, Worldwide, 2022, April 2023. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 743,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.

Accenture Security is a leading provider of end-to-end cybersecurity services, including strategy, protection, resilience and industry-specific cyber services. We bring security innovation, coupled with global scale and a worldwide delivery capability through our network of Cyber Fusion Centers. Helped by our team of 20,000 highly skilled professionals, we enable clients to innovate safely, build cyber resilience and grow with confidence. Visit us at accenture.com/security.

About Tenchi Security

Tenchi Security is a Brazilian information security startup founded in October 2019. The company has developed a monitoring solution called Zanshin, which can, in a matter of minutes, determine and provide a comprehensive security status regarding a company’s cloud environment and its ecosystem. Tenchi’s clients include leading financial, health, telecommunication, and insurance institutions. 

Apple Fined $2 Mn for Not Including Chargers with iPhone 12

The consumer protection agency in Brazil’s São Paulo state has fined Apple $2 million for failing to include chargers within iPhone 12 boxes, according to 9to5 Mac. 

Procon-SP, says Apple engaged in "misleading advertising, selling a device without the charger and unfair terms". This is not the first time Procon-SP questioned Apple about its new policy.

In October last year, Apple announced that the iPhone 12 and would not come with chargers or earbuds in their boxes, citing environmental concerns. Procon-SP then questioned the company about it, and in November, the agency said that the iPhone maker "didn’t demonstrate environmental gain."

Now, Procon says that Apple didn’t respond when asked if the iPhone 12’s price was reduced after removing the charger, what’s the price of the iPhone with and without the charger, and if it reduced the number of chargers produced.

While the iPhone 12 mini costs $729 in the U.S., in Brazil the same phone is around $1,200.

Apart from the charger issue, the consumer agency also stated some other issues with the company. On the iOS updates, "it said some users reported ‘problems with some functions’ on their iPhones after updating them, which Apple didn’t help."

"Apple needs to understand that in Brazil there are solid consumer protection laws and institutions. It needs to respect these laws and these institutions," Procon-SP Executive Director, Fernando Capez, is quoted as saying.

Rimini Street Awarded Three Brazilian Public Sector Contracts to Support Oracle and SAP Enterprise Software Systems

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced that it has been awarded three separate contracts to provide enterprise software support to agencies linked to the Legislative, Executive and Judiciary branches of the Brazilian government, specifically the Chamber of Deputies, the Superior Labor Court and APEX Brasil, an independent social service agency. The Brazilian government public procurement processes were put in place to ensure that public sector organizations work with providers in a manner that is transparent, efficient, ensures economy of scales and the best optimization of public resources.

 

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Rimini Street Awarded Three Brazilian Public Sector Contracts to Support Oracle and SAP Enterprise Software Systems (Photo: Business Wire)

Rimini Street Addresses Public Sector Demands for Cost Optimization

 

In 2019 the Ministry of Economy, which is responsible for planning the whole of Brazil’s budget, issued a mandate – Normative Instructions 01 and 02 – requiring all public sector organizations to carefully evaluate their IT costs in general, including technical support services and IT systems providers, to ensure the most attractive cost-benefit ratio. Those regulations were preceded by a decision from 2018 (Ruling 2,569/2018) issued by the Tribunal de Contas da União (TCU), which is responsible for overseeing and ensuring that public entities are spending their funds judiciously and on activities and items that have been earmarked specifically for these funds. That ruling had demonstrated that some commercial practices adopted by the major IT providers could cause losses to the public administration, guiding institutions to seek more advantageous alternatives that could favor competition.

 

The mandate also provides that the Brazilian federal public administration prioritize the improvement of services to its citizens, ensuring that investments made in the R$ 8 billion Information and Communication Technology (ICT) sector for these services benefit the wider public need. Technology has a fundamental role in the government/citizen relationship and therefore the resources directed to it need to be extremely well managed with transparency. 

Prior to Rimini Street’s launch in the Brazilian public sector market, no public bids for support for Oracle or SAP systems occurred as the only support options available were offered by the original software vendors and their partners. Today Rimini Street is on the official list of support providers, offering an alternative solution that can better meet the needs of Brazil’s public sector entities via a more competitive value proposition which helps organizations maximize their software investments, and provides a premium level enterprise support experience not generally offered by the original vendor.

Although Brazil is among the countries that spend the most on technology, this spend does not typically result in innovation capacity – Brazil ranks 66th in the Global Innovation Index among 129 countries, according to the World Intellectual Property Organization. And according to some industry analyst firms, many organizations spend approximately 90% on ongoing operations, or “keeping the lights on,” with only 10% left over to drive innovation initiatives. This funding model makes it increasingly challenging for CIOs to find additional budget for critical spending innovation that will help their business grow and gain competitive advantage. 

“More than ever before, Brazil needs to take a major leap in competitiveness with regard to its capacity for innovation. Optimizing IT resources, decreasing unnecessary IT spend and directing this money to invest in priorities is fundamental for public and private organizations to make their way through the current crisis and emerge stronger on the other side of this global pandemic,” said Edenize Maron, general manager, Latin America, Rimini Street. “These contracts in the Brazilian public sphere will allow us to deliver the same savings and efficiency benefits to the government sector that Rimini Street has been offering to more than 3,700 companies globally including more than 100 organizations in Brazil." 

About Rimini Street, Inc. 

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 3,700 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit https://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.

 

Forward-Looking Statements

 

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the duration of and operational and financial impacts on our business of the COVID-19 pandemic and related economic impact, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt our business or that of our current and prospective clients, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the terms and impact of our outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services we expect to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on November 5, 2020, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

 

© 2020 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

 

 

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