Softwell

completed

Softwell Solutions em Informatica Ltda. (“Softwell”) was launched in 2007 in Salvador, Brazil. The Company owns a suite of software products called Maker, created to facilitate and accelerate new software development. Softwell’s clients include Brazilian IT service companies, IT departments of government institutions and private sector companies (especially small and medium enterprises) that have a need to develop customized software applications to run their businesses. The proposed project consists in the deployment of the Company’s product road map and in funding Softwell’s capital requirements for expanding its operations domestically and internationally. The project will be funded through a financing round of up to $9 million, of which IFC will invest up to $4.8 million. From a developmental standpoint, it is important to support the growth of software companies such as Softwell, as their products have a potential to reduce operational/transaction costs of IT software clients both within and beyond Brazil. Further, supporting software companies would enable Brazil to move up the value chain in the global IT space, provide quality employment opportunities in leading edge technology development, and help demonstrate the ability to produce world class software in emerging markets.