Abundant and Highly Qualified TalentOver 130,000 students per year are enrolled in IT related fields in Bogota.Every year more than 17,000 students graduate from engineering and careers related to the IT industry, ensuring an on-going source of talent for companies operating in Bogota.

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A Seasoned IT IndustryFor over 20 years, Bogota has hosted local and multinational IT companies. The industry is made up of a number of large multinational and many small - medium domestic firms which provide a wide range of services at a local and offshore level.During the period 2000-2010 revenues of software and associated services grew at a 12.5% CAGR.

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The ITO Opportunity in Bogota

Experience Across Various VerticalsThe industry has developed great expertise in the financial and healthcare sectors.

Main Verticals Served by Bogota IT Services Providers (2010)

% of companies serving verticals

Source: Invest in Bogota analysis.

FinanceHealthcare and SS

Retail & e-commerceGoverment

TelecommunicationsIndustrial & manufacture

TransportationUtilities

0 2 4 6 8 10 12 14 16 18 20

8.1

3.87.67.8

8.210.2

15.518.5

Source: Everest Research Institute.

Average Annual Supply of Engineering and IT Graduates

Thousand graduates

GualadajaraMonterrey

Metro ManilaSantiago

Sao PauloBogota

BangaloreBuenos Aires

San Jose0 5 10 15 20 25 30

22

2524

23

1717

19

113.3

IT Outsourcing

Deploy and Support

Integration and Development

Consulting

Education and Training

Colombian IT Services Industry Revenues (2010)*1.800

1.500

1.200

900

600

300

02006 2007 2008 2009 2010

Reve

nues

(U

S$M

illon

s)

21

29

97

179

169

304

275

417

276

580

*Expected revenues for 2010. Source: International Data Corporation, 2010.

Global Solutions

For IT services, arbitrage potential from Bogota is comparable to other emerging offshore destinations.Bogota offers competitive salaries for IT positions and one of the most flexible labor legislations in Latin America.

Major Players Located in Bogota (Multinationals)

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Position Average monthly salary in US$*

Database Administrator US$ 2,378

Senior Business Analyst US$ 1,909

Junior Business Analyst US$ 1,085

Senior Architect US$ 3,278

Senior Software Dev. Engineer US$ 2,640

Junior Software Dev. Engineer US$ 1,170

* 2.000 COP= 1 USD.Source: Fedesoft, Salary survey 2010.

This local company is dedicated to the creation of cross media multi-platform experiences. It has 45 employees and a portfolio of global clients including top agencies in Europe, North America, Asia, and Latin America.

Contact us: Carrera 7 No. 71-21, Torre B, Suite 901Bogota, ColombiaPBX: +57 (1) 742-3030 E-mail: info@investinbogota.orgwww.investinbogota.orgtwitter.com/investinbogotafacebook.com/investinbogota

Invest in Bogota is the investment promotion agency for Bogota and its region • The Agency provides a broad range of investor services, free of charge with complete confidentiality.

Competitive Costs

This Argentinean Company is one of the top 10 software development companies in the world. Globant arrived in Bogota in 2010 and projects to hire 200 people in their first two years. Clients: Google, Dreamworks, Linkedin and EA.

Zemoga specializes in the creation of interactive experiences and applications since 2001. It has 140 employees developing products for clients such as: Continental, Yahoo, Sears and Mozilla.

Success Stories

Andres Giolito, Site Manager Colombia, Globant.

“Globant’s philosophy is to get set up were the talent is, and Colombia is definitely a place to grow. To get installed in a country is not simple, it is fundamental that companies like Invest in Bogota help to generate local contacts, giving information and statistics that ease a quick analysis of the business and give proven solutions to the region’s characteristic difficulties”.

Gross Salaries for Selected IT Positions 2010