Oracle expects to open a shared services center in Chile in October, Oracle's Latin American senior VP Luiz Meisler told press. According to a government statement, the company plans to build a 5-story building and hire some 290 engineers in the first stage of the project.
"Chile has strong potential and we have plenty of interest in educating and training people, especially in the engineering area, which will allow us to grow as a company as well as offering job and development opportunities," Meisler said after a meeting with Chilean President Michelle Bachelet and other government authorities.
Oracle CEO Larry Ellison announced the plan to install the Chilean center in September 2006, confirming that it will be the first Oracle shared services center in Latin America and will strive for quality standards matching those reached by similar centers in the US, Ireland, Rumania and Egypt.
In early 2007, Oracle also installed in Chile a shared center for its training division, Oracle University, and a unit to support its On Demand services for clients in Latin America.
The Chilean government, through state development agency Corfo, has helped Oracle with the projects, particularly providing guidance and information and helping with legal processes.
According to Corfo, Oracle's announcement is a powerful sign for the Chilean offshoring industry. "Without a doubt, [this is] a new landmark, which adds to more than 40 world class companies already operating in Chile, and allows us to confirm our position as an international IT service platform". Corfo believes Chile's offshore services industry could see revenues grow to US$1.2bn by 2010 from US$200mn in 2006, and is confident the country can achieve this level of sales, given the global offshore industry - led by countries such as India, China and Ireland - is worth some US$80bn and growing at 40% a year.
Oracle expects to open a shared services center in Chile in October, Oracle's Latin American senior VP Luiz Meisler told press. According to a government statement, the company plans to build a 5-story building and hire some 290 engineers in the first stage of the project.
"Chile has strong potential and we have plenty of interest in educating and training people, especially in the engineering area, which will allow us to grow as a company as well as offering job and development opportunities," Meisler said after a meeting with Chilean President Michelle Bachelet and other government authorities.
Oracle CEO Larry Ellison announced the plan to install the Chilean center in September 2006, confirming that it will be the first Oracle shared services center in Latin America and will strive for quality standards matching those reached by similar centers in the US, Ireland, Rumania and Egypt.
In early 2007, Oracle also installed in Chile a shared center for its training division, Oracle University, and a unit to support its On Demand services for clients in Latin America.
The Chilean government, through state development agency Corfo, has helped Oracle with the projects, particularly providing guidance and information and helping with legal processes.
According to Corfo, Oracle's announcement is a powerful sign for the Chilean offshoring industry. "Without a doubt, [this is] a new landmark, which adds to more than 40 world class companies already operating in Chile, and allows us to confirm our position as an international IT service platform". Corfo believes Chile's offshore services industry could see revenues grow to US$1.2bn by 2010 from US$200mn in 2006, and is confident the country can achieve this level of sales, given the global offshore industry - led by countries such as India, China and Ireland - is worth some US$80bn and growing at 40% a year.