---
title: Cloud-focused company aims for growth in Brazil - Developing Telecoms
description: Claranet, a technology multinational focused on managed cloud services, has announced an investment of $100 million in its Brazil operation.
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Claranet, a technology multinational focused on managed cloud services, has announced an investment of $100 million in its Brazil operation.

According to Brazilian technology site Tele.Síntese, the investment will support three aims: to continue with accelerated organic growth, which is claimed to have reached 37 per cent year on year over the past five years; to invest in improving internal performance; and to enable the acquisition of other companies in the sector.

Edivaldo Rocha, CEO of the company, says that the investment will help to make the company’s Brazil's operation one of the largest hybrid cloud and cybersecurity players in the market, focusing on services with high growth potential and aligned with the digitization challenges of medium-and large-sized companies.

Since 2012, Claranet has made 28 acquisitions but now aims to make Brazil and Latin America the focus markets for the future growth of the group. It started to put this into effect in 2017 with the purchase of Brazilian cloud services provider CredibiliT Tecnologia Ltda. Then in August, last year, Claranet also acquired CorpFlex, a leading provider of private cloud solutions in Brazil.

The company aims to expand its workforce in Brazil from 200 to 500 employees in 2021.

Claranet is headquartered in the UK and active in 10 countries. The company has more than 6,800 corporate customers and more than 2,500 employees across 24 offices worldwide.

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