Itautec

Itautec is a Brazilian electronics company founded in 1979. It is part of Itaúsa, a Brazilian business group.

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Quick Facts Company type, Industry ...

Itautec S.A - Grupo Itautec

Itautec factory in Jundiaí (2010)
Company type	Sociedade Anônima
Industry	Computer System Software IT Services
Founded	1979; 46 years ago (1979)
Headquarters	São Paulo , Brazil
Key people	Ricardo Egydio Setubal, (Chairman) Mario Anseloni Neto, (CEO)
Products	Computer Monitors Personal Computer Laptops
Revenue	R$ 439 million (2013) ^[1]
Net income	R$ 278 million (2013) ^[1]
Number of employees	5,709
Parent	Itaúsa
Website	www.itautec.com.br

Itautec is an ATM, kiosk, and computer manufacturer in the Brazilian and South American markets. The company also has a key role in project deployment and IT services around the globe.^[2]

It mainly focuses on making consumer electronics, banking, and retail automation. The company has a large base of ATMs globally. Itautec is headquartered in São Paulo. The company operates a manufacturing plant in the city of Jundiaí (SP), and Itautec has 5,709 direct employees – 5,285 in Brazil and 424 abroad.

This section does not cite any sources. (July 2024)

In 1980, Itautec established its first online presence as GRI Gerenciador de Redes Itautec, known as the "Itautec Network Services Provider," along with Banktec mainframes. The following year, in 1981, the central agency of Itaú was founded, featuring an automation system developed by Itautec. By 1982, the Bank of Brazil had implemented GRI and Banktec systems.

Itautec introduced the PC/XT microcomputer in 1985, entering the personal computing market. In 1986, Itautec installed its first compact Automated teller machine(ATM). In 1989, Itautec introduced GRIP (Gerenciamento de Redes Itautec para PC), a network management system designed for PCs.

In 1990, Itautec released its first Notebook computer, the IS 386 Note. In 1994, the company launched a second-generation ATM in Brazil, followed by the introduction of the first version of Banktec Multicanal in Banco Itaú Argentina in 1995.

By 2001, Itautec began exporting ATMs to the United States and Europe. In 2002, the company acquired technology from NMD for DelaRue and installed the first WEB system in Banco Itaú Buen Ayre.

In 2009, Itautec ranked 24th in the Fintech ranking, which lists the world's largest IT providers. In 2011, Itautec introduced the world's first touchless 3D ATM.

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