Informatica El Corte Ingles SA’s turnover for 1994 will come to around $232m, says managing director Miguel Latasa, a figure that reflects the absorption of half of Investronica SA’s business and is a modest improvement on the 1993 turnover of $163m. Informatica El Corte Ingles and Investronica, both owned by the department store El Corte Ingles Group, have pooled their information technology and communications products since the beginning of last year. The companies’ product lines have integrated perfectly with one another, Latasa claimed. The brand name of Investronica’s products is now officially Inves. Informatica El Corte Ingles will almost certainly move into third position in the ranking order of information technology companies in Spain, jumping ahead of AT&T Global Information Solutions, Ing C Olivetti SpA, Fujitsu Ltd and Digital Information Corp to snap at the heels of IBM Corp and Hewlett-Packard Co. At the SIMO TCI’94 Fair, the Madrid-based company displayed its latest document management, optical character recognition, multimedia terminals and telecommunications products, as well as offerings aimed specifically at the commercial and industrial sectors. Latasa was optimistic that the recession was already coming to an end, and he said Informatica Corte Ingles would be looking to expand considerably in the South American market, where the company had more scope for capturing business than in Europe, due to the limited range of products on offer there.
