Miami’s Emerging Tech Scene

Global Business

The Miami technology start-up scene is heating up highly in part because of its connections to Latin America. CCTV’s Nitza Soledad Perez reports.

There is a young and vibrating tech start-up scene with a unique heartbeat pulsing in Miami.

Dot CO Internet, a Miami company operating the top-level domain assigned to Colombia, grew to more than 1.6 million web addresses and was recently sold for $109 million to telecommunications firm Neustar Inc. TerreMark Worldwide Inc., a Miami database company acquired by Verizon for $1.4 billion in 2011.

Miami’s geographical advantage and Latin flare are the reasons for this unexpected growth. A rising number of tech incubators, providing access to U.S. investors, education and expertise are also contributing to the tech surge.