Wednesday 25 November, 2020

PBS buys El Salvador tech company

Chairman Paul B. Scott said the acquisition will allow PBS to tap contracts from the Salvadoran government.

Chairman Paul B. Scott said the acquisition will allow PBS to tap contracts from the Salvadoran government.

Productive Business Solutions Limited (PBS) on Thursday announced that it has reached an agreement to acquire 100 per cent of the shares of Hightech Corporation (HTC), an El Salvador-based company, for an undisclosed amount.

Chairman Paul B. Scott said in a company release that the acquisition will allow PBS to tap contracts from the Salvadoran government.

“The company has acquired Hightech Corporation to expand its Advanced Services and Solutions Division.  The acquisition expands Productive Business Solutions’ services capabilities to assist businesses and governments in optimising their networks, systems, and IT infrastructure,” Scott outlined.

HTC is described as the leader in Central America with respect to helping businesses optimise their IT infrastructure ‘to reduce complexity, increase agility, and improve business performance.”

The company is also touted as one of the few authorized Oracle and Redhat learning centres in the region and services a global clientele.

Scott stated in the release, “The acquisition will strengthen PBS’s 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.”

Mauricio Naranjo, recently appointed Vice President of Advanced Services and Solutions at PBS will have responsibility for HTC at the Group level.

David Morales, General Manager-Partner of HTC commented, “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.”

He said the strategic acquisition will bring synergies to other parts of PBS’s business in El Salvador.

Meanwhile, Pedro M. París, CEO of PBS Group said the union would result in a wider reach to customers in over 15 countries.

PBS provides services to banks, telecoms and governments, operating in Central America and the Caribbean.

The company is listed on the Barbados and Jamaica stock exchanges.

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