PBS buys El Salvador IT outfit for undisclosed sum

• December 20 2019
• http://www.jamaicaobserver.com/business-report/pbs-buys-el-salvador-it-outfit-for-undisclosed-sum-company-expanding-caribbean-and-central-american-footprint_182664

Productive Business Solutions (PBS) Group has reached an agreement to acquire the entire shareholdings of High-Tech Corporation (HTC), an El Salvador-based company, for an undisclosed sum.

PBS Group is the parent company of PBS, which has bases in Jamaica and Trinidad and also trades on the stock exchange of both countries. PBS Group, 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 optimise their information technology infrastructure to reduce complexity, increase agility, and improve business performance.

The company is one of the few authorised Oracle and Red Hat learning centres 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.

“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 and partner of HTC in a statement from El Salvador.

He pointed out that this strategic acquisition represents an ideal fit, as it will enhance PBS's focus on enabling and accelerating its Advanced Services and Solutions division.

According to Morales, “very few companies can match PBS' IT services offerings as a result”.