- December 28, 2019
- Posted by: dawgenglobal
- Categories: Advisory, Business plans, Competitive research, Consulting Services, Finance, Mergers and Acquisition, Performance
Productive Business Solutions (PBS) has reached an agreement to acquire 100% of the shares of High-tech Corporation (HTC), an El Salvador based company, for an undisclosed sum.
PBS, which has operations in 15 countries across the Caribbean, Central America, South America and the United States, has appointed Mauricio Naranjo to have overall responsibility of HTC at the group level. Naranjo was recently appointed PBS Group Vice President of Advanced Services and Solutions.
HTC is regarded as the leader in Central America with respect to helping businesses optimize their Information Technology infrastructure to reduce complexity, increase agility, and improve business performance. The company is one of the few authorized Oracle and Redhat learning centers in the region and services a global clientele.
The acquisition of HTC will strengthen PBS Advanced Services and Solutions Division by adding more than 100 professionals, who advise clients on enterprise architecture, systems performance management, and best practices in supporting mission critical platforms for enterprises.
High Tech Corp. is a provider of digital platforms for high demand business. The company provides IT solutions that assure that Telco, Banking and Retail Companies will never shut down their digital channels.
“We´re delighted with this transaction as it will allow us to accelerate our growth, regional presence, and ability to expand our research and development capabilities to help our clients drive agility, and new capabilities into their businesses”, said David Morales, General Manager-Partner of HTC. He pointed out that this strategic acquisition represents an ideal fit, as it will enhance PBS’ focus on enabling and accelerating its Advanced Services and Solutions division.