Sao Paulo, Brazil-based agribusiness technology company Agrotools is expanding into the North American market.
The company’s platform allows the management of risks and opportunities, from financial resources and rural insurance to the purchase of raw materials, as well as the sale of inputs, capital markets and retail, according to a news release.
Agrotools’ move to North America is a key pillar of its growth strategy, which also includes mergers and acquisitions, the release said.
The company has announced that it is adding Rafael Quintella to its team as managing director for North America, the release said. Over the course of his career Quintella has worked on many mergers and acquisitions and market entry projects, according to the release. Quintella holds a master’s degree from the New York University Stern School of Business.
Expanding globally
Initially, Agrotools’ international expansion took it to Argentina, Paraguay, Bolivia, Colombia, Ecuador and Australia, the release said. Now Agrotools is accelerating its plans with advancements in several Latin American countries while creating a new structure in the U.S., according to the release.
While completing its U.S. roadshow at the World Agri-Tech Innovation Summit, an annual event that connects agribusiness companies, technology players and investors in San Francisco, Agrotools gained insight into the evolving agribusiness climate, especially in a changeable economic climate, according to the release.
“I am very excited to lead Agrotools in North America,” Quintella said in the release. “We see a great fit for our products here and our initial conversations with clients and partners have been extremely positive. Agrotools is used to the complexity and dynamism of the agribusiness sector, and we are looking forward to offering our solutions to U.S. clients.”
Due to the current credit crunch, many agtech companies may not survive, resulting in a consolidation of the industry. Agrotools can potentially become a leader in the U.S. by consolidating the market, the release said.
