Connect33 Newsletter | June 2025
Hi readers, welcome to our June edition, which covers Latin American technology trends, expansion, and the latest mergers and acquisitions.
In Connect33 news, we are actively recruiting a Senior Researcher, LATAM, to join our team. This Latin America-based role offers a unique opportunity to drive our research and reporting initiatives on the region's rapidly evolving software engineering talent market. You'll also play a crucial role in delivering actionable insights that guide our clients' strategic investment decisions.
Vámonos!
Scaling Engineering Teams in LATAM: Connect33 released our latest interview with Carlos Quirarte, Connect33 Advisor, who previously scaled Ooyala, EPAM (NYSE: EPAM), and C3.AI’s (NYSE: AI) software engineering teams in the region. Carlos has over 13 years of experience building teams from the ground up to more than 1,000 employees and generating $50 million in revenue.
Our take: This interview is a must-read for any business leader seeking to understand the key pillars necessary to build a successful software engineering team in Latin America. Carlos offers valuable insights into navigating the local complexities that come with setting up a nearshore operation. Read the full interview.
The main issues are underestimating local complexity, labor laws, and cultural nuances. There's also a misconception that nearshoring is just cost savings. When done right, it's about quality and strategic value. Preparation requires boots-on-the-ground leadership and investing in a long-term talent pipeline, not just short-term staffing. So, I think it's important that the company is willing to learn to be open-minded and assertive in listening to this.
Recognize, an investor and builder of next-generation Digital Services companies, announced the close of its second fund, Recognize II, with over $1.7 billion in total commitments. (Recognize)
Tricentis, a global leader in continuous testing and quality engineering, expanded to Latin America to accelerate advancements in AI-powered software testing. (Tricentis)
Improving, a modern digital services organization with a significant presence in Mexico, has acquired DragonSpears, a software development company specializing in cloud adoption, agile coaching, and DevOps services. (PRN)
AssureSoft, a nearshore technology solutions company, partnered with Databricks to enhance real-time AI solutions for data. (Globe Newswire)
Chubb (NYSE: CB), a global leader in insurance, is launching a new engineering center in Bogotá, Colombia, alongside its existing centers in India, Mexico, and Greece. (PRN)
FCamara Consulting, a Brazilian technology company, announced the acquisition of 60% of Avanti, a reference in e-commerce and in the magic quadrant of VTEX implementation partners. (Startups Brasil)
Almaviva, a leading Italian provider of digital solutions and technological transformation, has agreed to acquire TIVIT, one of Brazil’s largest technology companies with a strong presence across Latin America. (Almaviva)
Visma, a leading provider of mission-critical software across Europe and Latin America, has announced the acquisition of Talana, a fast-growing and comprehensive HR platform based in Chile with operations in Peru. (Visma)
Ridgemont Equity Partners, a middle-market private equity investor, announced its investment in Unosquare, a leading provider of nearshore AI-enabled digital engineering and data and analytics solutions based in Latin America. (Business Wire)
Confidence, a US-based technology company specializing in LIMS solutions, acquired Labsoft Tecnologia, a prominent LIMS provider in Latin America. (EIN Presswire)
Revolut, Europe’s largest digital bank, acquired Cetelum, an Argentina-based lender owned by BNP Paribas (Bloomberg).
CloudWalk, a Brazil-based company that operates a payment technology network, has acquired control of SF3, a local fintech. (Finsiders Brazil)
Reliv, an Ecuador healthcare platform, announced the acquisition of Hospisoft, a company specializing in software development for the healthcare sector. (Reliv)
Tether, the largest company in the digital asset industry, announced its investment in Orionx, one of the leading Chilean digital asset exchanges and a financial infrastructure company specializing in cross-border payments. (Tether)
Connect33 is a consulting firm specializing in expansion and engineering team building across Latin America. With strong experience across the region, we help companies scale efficiently by providing experience-based insights and services with our team of on-the-ground experts.
Our list of companies we’ve scaled with includes mid-to-large enterprises such as Atrium, Bain, Braze, C3AI, EPAM, Phdata, and more. Learn more at connect33.io
Additional stories we’re following
ICONIQ Capital’s International Expansion Playbook (ICONIQ)
Latin America’s Data Center Gold Rush Comes With Some Big Risks (Bloomberg)
Learnings from two years of using AI tools for software engineering (Pragmatic Engineer)
Latin American countries to launch own AI model in September (Reuters)
Latin America set to benefit from US market shifts, investors say (Reuters)
Databricks quiere que pongas a trabajar tus datos (Fast Company MX)
LatAm-focused roles at top tech companies.
Confluent is hiring a Cloud Acquisition Representative LATAM
Datadog is hiring a SDR LATAM-Spanish speaking
Canva is hiring a Senior Product Manager, LATAM
Canva is hiring a Regional Content Lead, LATAM
Atlan is hiring an Enterprise Customer Success Manager
Gitlab is hiring a LATAM Strategic Account Executive
DataSnipper is hiring a Customer Success Manager
StackAdapt is hiring a Director of Sales LATAM
Sprout Social is hiring an Account Executive LATAM (SMB)