The figure is secret, but in April the sale of another Uruguayan technology company. Is about quality, whose headquarters is in Punta del Este, which was acquired by the Canadian The sandpit. The two companies had been working together for more than a year and the operation was completed in April this year, the local company reported.
After the operation, the local company will be renamed The Sandbox Uruguaywill be the company’s second subsidiary in Latin America (it already has a presence in Argentina) and will retain the team of 100 people that formed the Uruguayan company.
Also, Martin and Federico Perezthe brothers who co-founded qualitywill continue to lead the local branch of sandboxing to encourage team growth. In fact, the plan is to finish this year with a team of 150 people, Martín confirmed to El Empresario.
Cualit has been working on various technology projects over the past 10 years, mainly in blockchain fields. “The web3 technology evolving fast and we believe that The Sandbox Uruguay will help us onboard millions of users with their web design and user flow expertise,” said Arthur Madrid, CEO and co-founder of The Sandbox it’s a statement.
“Uruguay it’s a fantastic place to investing in technology and we’re seeing a new generation of developers looking to rethink the way we use and own our data through the open metaverse,” he added.
For their part, Cualit’s co-founders and current Sandbox Uruguay executives said they were “empowered to build a new talent hub for all of Latin America and foster the growth of The Sandbox and the region.”
While, Sebastian Borget, COO and co-founder of The Sandbox, He assured that the acquisition will help his company quickly scale “the adoption of the game and win system by our growing ecosystem of both partner brands and the UGC Creators Economy,” he concluded.