Equifax’s management made good on its promise to outsource certain business function off shore to save cost. Instead of heading to India it selected Chile for a new software R&D center. After a location review that included other Latin American countries as well as Europe, Equifax selected Chile citing its strong educational system, superior engineering talent and business environment as the most important factors in its location decision. Equifax’s Chilean center works in collaboration with the company’s U.S. and Indian centers on research and development for software that Equifax uses to analyze financial data and patterns and assist decision making.
“We looked at multiple countries but Chile best fit our needs,” stated Sandeep Gupta, Vice President, R&D, Enabling Technologies for Equifax. “The combination of Chile’s engineering excellence, political and economic stability, educational system and relatively low costs were difficult to beat.”
Equifax had little difficulty attracting and importing talent and found the launch of its Chilean operation to be smooth thanks to support from Chile’s Economic Development Agency, CORFO. In addition, Equifax is working with Chile’s universities to further hone the engineering curriculum to meet its future talent needs. Source: Chile Investment Review