The further development of Panama’s IT industry could become another economic growth driver for Panama in years to come. Here we have an Indian company deciding to significantly expand Panama information technology operations due to Panama’s well-educated workforce, the country’s IT infrastructure, it’s strategic position in world affairs, stable government and business friendly environment. They have already been operating in Panama and see that Panama is well-positioned to perform.
Prodapt, the leading firm in the Connectedness industry, is set to expand its operations in Panama with a $7 million investment. The company aims to leverage Panama’s unique nearshoring advantage to generate approximately 500 technology jobs in areas such as cloud computing, artificial intelligence, and technical support. Prodapt’s success in Panama marks a significant milestone as it becomes the first India-headquartered technology services and consulting firm to establish operations in the country. With a focus on social responsibility, Prodapt is also making contributions to support disadvantaged children in the community. The expansion in Panama enhances service delivery for clients in the Americas by combining offshore strengths with the capabilities of a nearshore center.
Prodapt to Invest USD 7 Mn in Panama Operations Expansion
Excerpt: “Prodapt, the largest and fastest-growing specialized firm in the Connectedness industry, is expanding its Panamanian operations through a $7 million investment, leveraging the unique nearshoring advantage offered by the country. This investment is expected to create approximately 500 technology jobs in areas such as cloud computing, artificial intelligence, and technical support. The company’s operations in Panama have experienced significant growth, starting from a small setup and expanding to a team of 200 technology and domain experts who provide crucial services to Prodapt’s strategic customers in the Connectedness domain. With plans to exceed 300 employees this year, Prodapt’s success in Panama marks a significant milestone as the first India-based technology services and consulting firm to establish operations in the country. Additionally, Prodapt’s Panamanian operations not only enhance service delivery for clients in the Americas but also contribute to the local community through social responsibility initiatives, including support for disadvantaged children.”
Full Article: https://www.businesswire.com/news/home/20230525005477/en/Prodapt-to-Invest-USD-7-Mn-in-Panama-Operations-Expansion
