Itautec S.A. is a Brazilian company, specialized in Information Technology that provides products development, solutions, automations and services. It has the tenth largest installed base of self-service machines (ATMs) in the world and second largest in Latin America, according to Retail Banking Research. In addition, Itautec has its own network for technical assistance in information technology, which is the largest in Brazil. Itautec is an active participant in both the corporate and household markets in the following segments:
Automations: Retail and banking automation products in Brazil and abroad as well as outsourcing, technical assistance, infrastructure and installation services;
Information Technology: Microcomputers, notebooks and servers, marketed under the Itautec brand name;
Distribution: Value-Added Distributor (VAD) of global brand names such as IBM, Apple, Avaya, and Novelle NetApp.
The Company is controlled by Itaúsa - Investimentos Itaú S.A. - one of the largest private business groups in Brazil, recognized by the high commitment of the conglomerate to social, environment and cultural development of its companies. Chosen by the fifth year to compose the Dow Jones Sustainability World Index and being classified as a leader in sustainability in the Financial Services sector for the second consecutive year, Itaúsa also maintains operations in the financial (Itaú Unibanco Banco Múltiplo), industrial - namely timber, bathroom fixtures and sanitary ware (Duratex) - and chemical (Elekeiroz) sectors.
Headquartered in São Paulo and with a manufacturing plant in the city of Jundiaí (SP), Itautec has 5,709 direct employees - 5,285 in Brazil and 424 abroad - plus 251 indirect employees and 76 trainees. In addition, the Company has 34 service units and eight IT laboratories in Brazil - one opened in 2008 in Recife (PE) - with capacity to serve customers with speed and efficiency in 2 .7 thousand cities in Brazil.
The Organization stands out as the largest Brazilian technology company operating internationally and has five Itautec subsidiaries abroad - Argentina, Mexico, Portugal, Spain and United States, for sales of Itautec products as well as technical assistance and support. The Company also operates through Tallard subsidiaries located in Brazil, Argentina, Chile, Colombia, Ecuador, Mexico, United States and Venezuela with capacity to provide services to the entire Latin America as well as countries in Europe and Africa. To ensure greater operational and financial efficiency, the unity in Spain was transformed into international holding company, consolidating the financial statements of the subsidiaries abroad.
In 2008, Itautec won important recognitions as the CMMI (Capability Maturity Model Integration) level 2 rating in international quality standards, which acknowledges the excellence of all projects of the Company's development center. Itautec has maintained the ISO 9001 quality certification and the ISO 14001 standards of environmental management during this period. Since 2006, Itautec has been compliant with European directives in the manufacturing of its products, such as the Restriction of Hazardous Substances (RoHS) and the Waste Electrical and Electronic Equipment (WEEE).
In 2008, the total number of shipments of equipment for self-service plus banking and retail automation reached 32.9 thousand units. In addition, the number of information technology shipments was 460.7 thousand. The consolidated gross revenue from sales and services was R$ 1,987.0 million, being 68.9% from the Itautec operation in Brazil; net revenue reached R$ 1,786.6 million, and net profit, R$ 40.5 million. Total assets in the year added up to R$ 1,211.8 million and net equity, R$ 453.1 million. Since 2001, Itautec's capital stock consists entirely of common stocks, with the right to vote to all shareholders. At the end of 2008, its market value was R$ 349.5 million.
