MEXICO CITY -(Dow Jones)- The International Finance Corporation will invest $8 million in Mexico's North American Software, or Nasoft, to fuel the company's expansion into new and existing Latin American markets, executives from both organizations said Wednesday.
The IFC, a member of the World Bank Group, will receive an 18% stake in the privately held information technology firm in exchange for its investment, Nasoft financial director Fernando Gudino said at a news conference.
Nasoft is putting up another $4 million for its expansion, for a total investment of $12 million.
Copyright 2009 Dow Jones Newswires
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