He says that the labor pool of IT workers is about 1 million in Brazil and growing at about 100,000 per year.
Like Softtek, CPM Braxis positions itself as a complementary service to India.
Adds Abuaf: "Latin America has been overlooked over the past two decades, but companies are realizing there is a viable alternative, and it's more viable today than it was before."
Already, Softtek is moving global delivery centers into smaller Mexican cities in an effort to avoid the competition for talent happening in places like Monterrey and Guadalajara.
"The demand for talent is going to get bigger and bigger in the next five to eight years," says Lopez.
Image: Employees of a call center work during their night shift | Photograph: STR/AFP/Getty Images
Also read: Up and coming international B-schools
Advertisement
