Although not specifically mentioned by NEC, the unit has much potential to become an offshore service center. With only 50 staff, it might need some time to build up its ranks. NEC has a 170-employee software factory in Argentina.
Brazil has a vibrant IT services market worth $4.4bn, according to market research company IDC, as the government and banking sectors have both driven much investment in IT in recent years. In its first year, NEC said its IT services division expects to win 80% of its contracts in the government sector.
