In recession-hit Spain, hints of new competitiveness

As a provider of financial security systems, Spanish tech company Realsec might easily have fallen victim to the country’s banking crisis and economic slump. Yet Realsec is currently enjoying double-digit growth in revenues thanks to new clients in Latin America.

Eighty per cent of its revenues now come from overseas, compared with 20 per cent in 2009. Staff numbers are up from 15 in 2007 to 32 now, and chief executive Jesus Rodriguez is searching for new premises: his offices overlooking Real Madrid’s football stadium are getting too small.

via Business feed http://www.scmp.com/business/companies/article/1129259/recession-hit-spain-hints-new-competitiveness