The Southfield-based North America/Asia Pacific (NA/APAC) operations of Stefanini, which is headquartered in Brazil, provided about a quarter of the company’s reported global revenue of $1.4 billion in 2023, an increase of some 20 percent over 2022.
“2023 was an incredibly strong year for Stefanini as we continued to deliver industry-leading solutions to our clients across the region,” says Spencer Gracias, CEO of Stefanini NA/APAC. “As a company that has invested heavily in AI for the past 15 years, we were poised to take advantage of the latest innovations in generative AI to elevate our processes across every industry we serve.”
The company forecasts continued growth moving forward with revenue projected to grow to $1.75 billion in 2024. Stefanini’s Southfield location is an established center for developing generative AI as “a hub of innovation that has made the Southfield team the leading creator of smart manufacturing, retail, digital marketing, and cybersecurity solutions being deployed for clients around the world,” says Gracias.
Gracias says the company will maintain its global acquisition strategy, targeting companies that will enrich its portfolio of products and services. Stefanini acquired four companies in 2023, spanning from Italy to Los Angeles, and plans on making more acquisitions in 2024.
