Washington, D.C., July 8, 2002—The International
Finance Corporation (IFC), the private sector development arm of the World
Bank Group, invested US$6.0 million in Qualita, Inc., a Mexico-based IT
services company to support its growth and strategic development. This
is IFC’s first investment in Mexico’s information technology sector.
Qualita offers information technology services and solutions to large and
medium-size private companies and government agencies in Mexico.
IFC’s investment, along with related financing by Intel Capital, will
help Qualita to increase its services and solutions offerings, as well
as to expand its customer base, particularly in Mexico’s middle market.
Intel Capital is the strategic investment program of Intel, the United
States-based technology company.
Mohsen Khalil, the World Bank Group’s Director for Global Information
and Communication Technologies (GICT), said: “Qualita will help bring
world class solutions to Mexico, allowing both private companies and public
agencies to improve their operations through the use of cutting edge information
Antonio Fajer, founder and CEO of Qualita, Inc., noted; “This investment
will allow Qualita to hire 150 new consultants and further develop our
new solutions offerings in security, customer relationship management (CRM)
and supply chain management (SCM).”
was founded in 1983 and currently has 820 employees. The company
is based in Mexico City and has three divisions, which offer systems integration,
services such as technical support and training, and solutions such as
software development and IT consulting.
IFC’s mission (www.ifc.org)
is to promote sustainable private sector investment in developing countries,
helping to reduce poverty and improve people’s lives. IFC finances
private sector investments in the developing world, mobilizes capital in
the international financial markets, and provides technical assistance
and advice to governments and businesses.
Since its founding in 1956 through the close of the last fiscal year on
June 30, 2001, IFC committed more than $31 billion of its own funds and
arranged $20 billion in syndications for 2,636 companies in 140 developing
countries. IFC’s committed portfolio at the end of FY01 was $14.3
The World Bank Group’s Global Information and Communication Technologies
Department (www.worldbank.org/ict) promotes the transfer of communications
and information technologies to the developing world. The Information
Technologies Investments Group, part of GICT, is a stage-independent investor
with an exclusive focus on building successful information technology businesses
in the emerging markets. Formed in mid-2000, the group brings a global
perspective to information technology, a long-term approach to investments,
an ability to leverage the resources of the entire World Bank Group as
well as a commitment to maximize the value of its portfolio companies through
sustained strategic assistance.