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BOGOTÁ, COLOMBIA, February 14, 2022 /24-7PressRelease/ -- Ofi gets listed on THE OCMX™
Ofi is a business and technology consultancy firm with presence in Latin America. The company provides enterprise clients with three main services – Automation, Cloud management and Managed workplace services.
The OCMX™ is pleased to announce the listing of Ofi to its online portal which offers financial networks the ability to learn more about this exciting opportunity.
The OCMX™ has spent considerable time completing its due diligence on Ofi and concluded that there is indeed a tremendous potential for this company.
The OCMX™ noted that Ofi exhibits the main components of any solid opportunity, namely a solid management team, a great track record, and a number of key competitive advantages.
WHAT THEY DO
As a consultancy focused on enterprise and mid-market clients, Ofi has seen important growth in its process mining and automation services. Ofi also has a robust digital workplace and managed cloud offering, that provides the company with a backlog of recurring revenues.
Ofi has a team of around 100 professionals with extensive experience in the technology sector. Ultimately, our goal is to help clients reduce costs or increase revenues using technology.
Strategic Location: IT & digital consultancy services continues to be a breakout category globally. However, Latin American-based providers continue to outpace global competitors as the US market seeks to contract nearshore services from Latin America as opposed to from India/Asia. Eg. Globant, a digital consultancy HQ'd in Argentina, has an EV/EBITDA of 74x
Growth Potential: Process mining leader Celonis has identified a massive opportunity, demonstrating that the technology can identify hundreds of millions of dollars in savings for companies using data generated by their applications. Ofi will ride this wave that ultimately will become a category on par with ERPs, CRMs and the like.
Organic Growth: We're projecting strong growth from 2021 to 2022 not only in terms of sales but more importantly in terms of EBITDA. With strong organic growth, we'd like to consider leading a roll-up strategy in order to build volume and prepare for a sale in 3 to 5 years.
Reputable leadership team: Our management team is a group of strong professionals with experience in tech consulting, and we have world class equity investors.
WHERE THEY ARE HEADED
Ofi is positioning itself to be Celonis' most important partner in Latin America. Considered the fastest growing B2B SaaS company in the history of software, Celonis is the leader is process mining and Execution Management Systems (EMS) with 90% of the overall market share.
With a valuation of US$11bn, it is also the largest startup in Europe and will IPO in 2022. Today, 70% of the Fortune 500 are active Celonis clients, however, Latin America enterprise clients are not familiar with the solution. Since partnering with Celonis, we have won important logos in the region and are considered their fastest growth partner in Latam.
Peter Ostroske – Founder & CEO
Peter Ostroske is an American entrepreneur. Before moving to Latin America to start Ofi, he attended the University of Chicago's undergraduate program and University of Pennsylvania Wharton's MBA Program. In 2015, he was chosen to be an Endeavor Entrepreneur and in 2017 he was named the Endeavor Colombia Entrepreneur of the Year. He lives with his family and daughter in Mexico City, Mexico.
Fabian Salazar – VP of Delivery Services
Fabian Salazar is a Medellin-based IT services executive with experience leading the delivery arm of Intergrupo, a regional partner of Microsoft that recently was acquired by Accel KKR's SoftwareOne. He is an experienced leader with proven experience in building delivery capabilities and scaling operations throughout Latin America.
Victor Cifuentes – VP of Finance
Like Fabian, Victor also was apart of the Intergrupo team, leading the finance and administration areas of Integrupo prior to the sale to Accel KKR. Victor is a corporate finance veteran who has demonstrated his ability to interact with the internal as well as external stakeholders. As Ofi's VP of Finance, Victor speaks with investors, provides performance updates and ensures the overall financial health of the organization.
ABOUT THE OCMX™
The OCMX™, established in 2009, is a next generation investor relations and marketing outreach firm. Through our online Ocmx portal, we connect companies with financial networks, generating interest and awareness for their opportunity.
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