move it and December Labstwo leading companies in the field of technology in Uruguaymerged hand in hand with Recognizea renowned investment fund based on NY. The result of this union is Qubika, which is already born as one of the largest companies in its field in the country.
Ariel LuduenaCEO of Qubika, told scope.com details of the business, which is the first of its kind for Uruguay.
— What does this merger mean and what will Qubika be from this moment on?
This merger means a big step not only for the two companies, but for the industry in general. It is the first time that a merger accompanied by such an important technological fund has happened in Uruguay. We are talking about a large technology fund focused on technology, whose founders are recognized as creators of great companies. one of them is Frank D’Souza, who is co-founder of knowing. We are talking about a company of around 300,000 people. AND charles phillipswho was president of Oraclea very very important fund.
This encompasses a milestone in the country, we believe that It is also a milestone of confidence in what technology investment policies have been. What we are doing is uniting to be able to continue growing in the best possible way, with a stable structure and giving it much more strength in current services and being able to expand further in the United States, which is our main market. We believe that with the help of this fund and new investments we can become one of the most important companies in Latin America.
— Who are your customers?
Our clients are major companies such as disney and Google, that what they seek is to be at the forefront of technology. Today’s businesses are changing a lot due to new technologies and need technological partners that allow them to be updated, so we provide a service and attend to these clients, we help them develop digital products and make decisions. We are an ally of large companies in technological and digital terms.
— Are the health and fintech areas the priorities?
We have many projects, both for large companies and for companies that are startups, which is a market that has been growing a lot, where there is a lot of space for new technologies.
— Beyond the company, what does this merger bring to Uruguay?
Especially positioning for technology companies. It is very important to know that this fund, before deciding to land here, studied all the countries of Latin America and approximately 100 companies. He decided to disembark in Uruguay and do it hand in hand with our two companies. It is a sign of confidence, that the country has clear rules for foreign investors and provides security. For many years Uruguay has been betting on the technology sector by reducing taxes, which makes the country attractive.
Who Ariel Ludueña?
Ariel Ludueña is CEO of Moove It and from now on he will also be CEO of Qubika.
He is a systems engineer graduated from the Catholic University of Uruguay (UCU), father of two children, lives between Montevideo and the United States, beyond the fact that it clarified that the company will maintain all its operational management in Uruguay.
For the next five years they are planning for Qubika to grow from the 1,000 employees of the current companies to 3,000, and for a third of them to work in the Uruguayan offices.
Source: Ambito
