Mexican growth accelerator UPAX announces expansion throughout North America

Sep 19, 202317:22 UTC

UPAX, the leading Mexican high-tech firm specializing in project development, staff augmentation, and market research, expands to the US and Canada to serve startups and tech innovators.

San Francisco, California — September 19, 2023. UPAX, a dynamic Mexico City-based firm specializing in staff augmentation, project development, and market insights, announces its expansion to the United States and Canada, three months after its soft launch in the United States. Following the company’s remarkable success in Latin America, the decision comes amid a general trend toward the nearshoring of supply chains.

Since its founding in 2015, UPAX has empowered over 80 tech companies and startups to reach their full potential with apps developed by UPAX having, on average, over 1 million active users. For example, UPAX has developed innovative apps like the Talento Zeus, a centralized workforce management tool, contributed to the development of Reclutalia, a leading recruitment and selection tool, and built a contactless closed-loop NFC payment system, creating a minimum viable product (MVP) in only 14 weeks.

According to UPAX’s CEO and founder Cecilia Fallabrino, this is a natural next step for the company. “We take immense pride in championing ambitious founders and teams, enhancing their technical capabilities, and sharing our profound expertise. Our mission is to empower those with brilliant ideas by providing the technical expertise needed to transform concepts into market-ready products," expressed Fallabrino.

In addition to its unmatched project development and staff augmentation services, UPAX boasts an extensive track record in market research, designed to forge strong connections between companies and their target audiences. This multifaceted approach, combining cutting-edge technology and tailored strategies rooted in public perception, and substantiated by comprehensive market insights, seeks to catalyze any company’s growth.

Aligned with the current trend of more regionalized supply chains, UPAX has opened over eight nearshoring centers in Latin America and the Caribbean, staffed by over 1,000 professionals. The close geographic proximity between Mexico, Canada, and the United States allows for compatible time zones for work and is complemented by strong interregional cultural ties. Moreover, Mexico, in particular, has emerged as the second strongest startup hub in Latin America, underpinned by a quickly growing pool of STEM (Science, Technology, Engineering, and Math) professionals — Mexican universities graduate over 110,000 engineers each year. These factors have made Mexico an attractive destination for foreign investment and have contributed to Mexico’s rank among the top 50 countries for doing business, according to the World Bank’s annual report.

According to Ricardo Podolsky Geluda, Chief Marketing Officer of UPAX, Mexico’s tech sector, just like the manufacturing industry, has risen to the opportunity presented by nearshoring. “We are consistently upholding world-class standards for project execution while delivering some of the best cost efficiencies in North America. Our success shows that you do not need to be physically located in one country to build for that country,” said Podolsky Geluda.

Highlighting UPAX’s dedication to supporting a more integrated North American tech ecosystem, UPAX will join thousands of founders and tech leaders at TechCrunch Disrupt, one of the most important tech conferences in North America. This follows their participation at INBOUND in Boston. As UPAX continues to foster connections with innovators and industry leaders, it aims to redefine the future of the tech landscape.

Press Contact

Sara Hayden Van Velkinburgh

Senior Analyst

Miranda Partners

Sara.hayden@miranda-partners.com

+1 303 726 3111