Gigas plans to enter the Mexican market in 2015

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Gigas, a Spanish company specializing in technology infrastructure such as cloud-based storage services, expects to expand its presence in the Latin American market this year, first by entering the Mexican market.

After consolidating its business in Spain during 2012 and 2013, and entering Colombia at the end of 2013, the Spanish company Gigas has spent 2014 building up its presence in Latin America. Until now Gigas has opened offices in Colombia (Medellin and Bogota), Chile (Santiago de Chile) and Peru (Lima). It is also doing business in Panama.

The Latin American market represents over 30% of Gigas’ sales, of which 80% is in Colombia. Currently half of the company’s new revenues are being generated outside of Spain. If this pace continues Latin America will eventually represent half or more of the company’s sales.

In order to achieve this goal, Gigas plans to carry out a fourth round of financing. To this end the firm is now in conversations with Spanish and international investors in order to help accelerate its growth.

Gigas, which services only business customers, has over 3,500 clients. Initially the company focused on small and medium-sized companies (SMEs) but currently large companies represent 20% of its customer base and 80% of revenues. Its clients include such well-known firms as Acciona, FCC, Gas Natural Fenosa, Cap Gemini, SAS Institute, Walmart and Avianca.