Connect33 Newsletter | March 2025
Hi readers, welcome to our March newsletter, covering Latin American technology trends, expansion, and M&A.
In Connect33 updates, we officially launched our new Scaling EngineeringTeams in LatAm series in partnership with Envoy Capital Advisors. In the coming months, we will interview industry leaders in the US and Latin America who have scaled software engineering organizations for top companies in the region. These interviews will be posted on our blog and our Substack page.
#01 Scaling Engineering Teams in LatAm: Kenneth Lopez is a Partner at Connect33. He previously founded Tekton Labs, a top software development consultancy based in Latin America, and currently serves as its Managing Director. In addition, he is currently a Partner at Equals11, a Latin America-based Salesforce consulting company. In this conversation, we explore critical topics, including team-building strategies, AI implementation, and regional expansion, with executives who have navigated these challenges. Read the full interview.
The decision to focus on Salesforce was strategic. We identified a significant market gap: companies that are too small for the "big four" consulting firms but too large for smaller implementation partners. These mid-market clients have the budget but can't afford the premium rates of larger firms. We've mastered serving this sweet spot efficiently, providing high-quality services tailored to their specific needs.
-Kenneth Lopez, Partner at Connect33
DataArt, a global software engineering firm that delivers breakthrough data, analytics, and AI platforms, has announced its acquisition of ACL Tech, a leading IT services company based in Chile. (EIN Presswire)
Nuvini Group (Nasdaq: NVNI), a leading acquirer of private B2B SaaS companies in Latin America, announced the acquisition of Munddi Soluções em Tecnologia Ltda, an online platform that connects brands with consumers, suppliers, and retail chains based in São Paulo, Brazil. (GlobeNewswire)
Ramo, a Brazil-based software developer, has merged with Loversoft, an Ecuador-based SAP Business One partner. (LinkedIn)
Selbetti, a Brazilian technology integrator specializing in both hardware and software solutions, acquired Euax, a consultancy specializing in corporate digital transformation. (Noticenter)
Evertec (NYSE: EVTC), a financial technology company, has acquired cloud technology startup Nubity. Located in Mexico City, Nubity serves over 100 clients in 12 countries. (Evertec)
Stefanini Group will double its Latin America investment to over $100M over two years, targeting 40% growth in Chile and further expansion in AI, cybersecurity, cloud, and financial solutions. (DFSud)
Feuji, a global technology company specializing in cybersecurity solutions and artificial intelligence, expanded its operations in Costa Rica, creating over 200 new technology positions in the next three months. (BNamericas)
Rapyd, a leading global Fintech-as-a-Service provider, has completed the acquisition of PayU in Latin America and Africa. (Rapyd)
EnterOne, a global IT training and services leader, today announced the acquisition of SLS LATAM Argentina and Chile, two of the most recognized Cisco Learning Partners. (PRN)
Nasdaq (Nasdaq: NDAQ) and nuam, the merger of Santiago, Lima, and Colombia stock exchanges, today announced an extension of their strategic technology partnership, which will see all three exchanges adopt Nasdaq’s CSD platform to optimize post-trade processing in the region. (Nasdaq)
WiseTech Global, the developer of leading logistics execution software CargoWise, announced it acquired Opentecnología S.A., a leading customs and logistics technology business specializing in customs solutions for the Colombian market. (WiseTech)
Connect33 is a full-service consulting firm specializing in expansion and technical team building across Latin America. With strong experience across the region, we help companies scale efficiently by providing experience-based insights and services with on-the-ground experts.
Our list of companies we’ve scaled with includes mid-to-large enterprises, including Apexon, Atrium AI, Bain, EPAM, phdata, Tekton Labs, and more.
In addition, we help buyers get matched with top software development partners based on their project needs via our Latam Partners platform.
Additional stories we’re following
The Reality of Tech Interviews in 2025 (Pragmatic Engineer)
Why AI Isn’t Giving Salesforce a Boost (The Information)
The Most Innovative Companies in Latin America for 2025 (Fast Company)
How To Find Funding In Latin America, From a LatAm Startup CEO (Crunchbase)
LatAm E-commerce Giant Mercado Libre on Investing in Mexico (Bloomberg)
LatAm-focused roles at top tech companies.
Braze is hiring a Technical Sourcer in São Paulo, Brazil
Dataiku is hiring a BDR
UiPath is hiring a BDR
Rippling is hiring a Global Payroll Ops Supervisor
Confluent is hiring a Cloud Acquisition Rep
Digital.ai is hiring an Account Executive
Couchbase is hiring an Account Development Rep
Panaya is hiring a Customer Success Manager