InnerWorkings Enters Brazilian Market
Major New Customer Engagements Drive Strong Organic Revenue and
InnerWorkings, Inc. (NASDAQ:INWK),
a leading global marketing supply chain company, today announced that it
has entered the Brazilian market and is supporting multiple large global
consumer packaged goods companies in the country. These enterprise
relationships were initially based in adjacent Latin American markets
and recently extended to Brazil.
"We have entered the Brazilian market in a major way and already have
employees providing onsite and operational support. We expect new
customer engagements to drive the hiring of as many as 40 additional
employees in Brazil by this time next year," said Eric D. Belcher, chief
executive officer of InnerWorkings. "There is significant potential to
roll out our solution in Brazil, and we are committed to growing in this
"For example, we have been serving one of the world's largest consumer
packaged goods corporations in 15 countries when they started talking to
us about helping in Brazil, one of their most important markets. Last
month, we extended the relationship to Brazil and are building out our
team to full strength," Belcher added. "InnerWorkings' global footprint
and expanding local expertise puts us in a strong position to
collaborate on concepts, materials and suppliers across countries and
continents, delivering results that companies can't get anywhere else."
To support this growth, InnerWorkings has opened a new large office in
São Paulo, at the Cidade Jardim complex, and hired Alex Castroneves as
Managing Director, Brazil. Mr. Castroneves has more than 15 years of
supply chain, consulting and procurement experience in Latin America,
including serving as a Senior Principal at A.T. Kearney.
"I'm delighted to be joining InnerWorkings, a company with a strong
track record of success in Latin America. Working closely with
InnerWorkings' President of Latin America Carlos Mena, we are
establishing the benchmark for marketing supply chain excellence in
Brazil," said Alex Castroneves, managing director, Brazil at
InnerWorkings. "The results of many corporations operating in Brazil are
negatively affected by the costly layers of expense in their print
supply chains. I encourage any corporate leader interested in
benefitting from our solution to reach out to us to understand the
prominent role we can play in reaching their objectives."
About InnerWorkings, Inc.
Inc. (NASDAQ: INWK) is a leading global marketing supply chain
company servicing corporate clients across a wide range of industries.
With proprietary technology, an extensive supplier network and deep
domain expertise, the Company procures, manages and delivers printed
materials and promotional products as part of a comprehensive outsourced
enterprise solution. InnerWorkings is based in Chicago, IL, employs
approximately 1,100 individuals, and maintains 44 global offices. Among
the many industries
InnerWorkings services are: retail, financial services, hospitality,
non-profits, healthcare, food & beverage, broadcasting & cable,
education, transportation and utilities.
For more information visit: www.inwk.com.
This release contains statements relating to future results. These
statements are forward-looking statements under the federal securities
laws. We can give no assurance that any future results discussed in
these statements will be achieved. Any forward-looking statements
represent our views only as of today and should not be relied upon as
representing our views as of any subsequent date. These statements are
subject to a variety of risks and uncertainties that could cause our
actual results to differ materially from the statements contained in
this release. For a discussion of important factors that could affect
our actual results, please refer to our SEC filings, including the "Risk
Factors" section of the Form 10-K we recently filed with the SEC.
+55 11 6783-3126
Source: InnerWorkings, Inc.
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