Triple Point Technology, the leading global provider of on-premise and in-cloud Commodity Management software, announced today that it has established its new Latin American headquarters in Rio de Janeiro, Brazil to service its rapidly growing customer base in the region.
The new Latin American headquarters enables Triple Point to deliver exceptional customer support throughout Latin America. Notable market-leading organizations such as Petrobras (Brazil), Vale (Brazil), NORSUL (Brazil), Navieras Ultragas Limitada (Chile), Anglo American PLC (Brazil), Mercon Coffee Group (Guatemala), Peñoles (Mexico), and Samarco (Brazil) rely on Triple Point solutions for Commodity Management.
“Latin America has always been an important market to Triple Point, with Petrobras first becoming a customer back in 2000,” said Peter F. Armstrong, chief executive officer, Triple Point. “More and more companies across Latin America are realizing that today’s volatile business environment can only be managed effectively with an advanced Commodity Management solution, and our new Rio office enables us to meet the increased need.”
In addition to rapid expansion in Latin America, Triple Point has experienced strong growth worldwide. The accelerating, widespread adoption of Triple Point’s products in new target industries and markets has resulted in a 5-year cumulative average growth rate (CAGR) in revenue of over 35%, with profits increasing more than 50% on average year-over-year.