Stefanini announces new office and establishment of an R&D centre for Asia in Singapore

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Sep 18, 2015, 08:00 ET

SAO PAULO, Sept. 18, 2015 /PRNewswire/ -- Stefanini, one of the most important global suppliers of technology solutions, is inaugurating its first office in Singapore, together with a Research & Development Centre and in the longer term, a hub for Asia. This official announcement took place during the Singapore Summit 2015, an event held on 18-19 September 2015, bringing together together business and thought leaders from around the world to discourse over future-oriented topics in finance, business and economics with a Global-Asia focus.

The project started two years ago, when Stefanini contacted the Singapore Economic Development Board (EDB) to evaluate business opportunities. Currently, the Group has presence in the following Asian countries: China, India, Malaysia, Philippines and Thailand.

"Singapore has become a proponent of technology and has invested heavily to build capabilities in analytics. Our research centre in Singapore, will operate in partnership with Datastorm, a company within the Stefanini Group specialised in big data and analytics, as well as other local research institutes in Singapore. We will work with partners such as the Agency for Science, Technology and Research (A*STAR) and Singapore Management University (SMU) on targeted training programmes and research collaborations. Our idea is to combine the expertise of Datastorm with Singapore research institutes to improve Stefanini's analytics offerings," says Marco Stefanini, Global CEO of Stefanini Group.

During this visit to Singapore, Marco also concluded a memorandum of understanding (MOU) with A*STAR to collaborate and co-develop analytics and 'Internet of Things' solutions for areas such as Manufacturing, Telecom, Retail, Health, Life Sciences, Banks, Insurance and Financial Services.

"We warmly welcome Stefanini's decision to establish its office and R&D centre in Singapore, which is the first of its kind by a Latin American company. This is a testament to to Singapore's role as a Digital Capital of Asia, where companies can work with partners to develop new solutions for the global market," said Mr Yeoh Keat Chuan, Managing Director, Singapore EDB.

This R&D Center comprises of a local team of technology researchers and scientists that will work in synergy with Stefanini's global research & development centres around the world.

The new setup re-affirms Stefanini's ability to operate internationally in addition to integrate new expansion projects to the group. In 2015 the company also announced four other important movements: merger with IHM Engenharia, joint-venture with Tema Sistemas, 40% acquisition of multiservice payment company and a new office establishment in Ontario, Canada.

"Singapore has a highly industrialized economy with modern port installations and a large presence of foreign multinationals. The country is investing in leading technology development and due to this reason we believe it has full conditions to lead the innovation process globally," concludes Marco.

The country went from being a third world to becoming a first world within two generations. It took 22 years to double its GDP per capita, which was about half of the time other developed economies took such as Australia. In 2014, Singapore's GDP per capita was SGD 71.318 (USD 52.000), hence being considered one of the highest in the world.

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SOURCE Stefanini