Thursday, Apr 25 2024 | Time 20:27 Hrs(IST)
image
Business EconomyPosted at: May 26 2023 4:32PM


Prodapt to invest USD 7 mn in Panama Operations expansion

Chennai, May 26 (UNI) Prodapt, the largest and fastest growing specialized
firm in the Connectedness industry, is expanding its Panama operations
through USD 7 million investment, leveraging the unique nearshoring advantage
offered by the country.
The investment will generate approximately 500 technology jobs in areas
such as cloud computing, artificial intelligence, and technical support.
“Prodapt is the first India-headquartered technology services and consulting
firm to set up operations in Panama. By leveraging the skilled workforce and
conducive business environment in the country, we have scaled its operations
several times over the last two years,” Harsha Kumar, CEO of Prodapt, said.
“We have invested around USD 5 million in building out the center and its
workforce,” he added.
The company’s operations in Panama began with a six-seater setup and has
expanded over the last two years to 200 technology and domain experts who
offer critical delivery and troubleshooting services for Prodapt’s strategic
customers in the Connectedness domain, including some of the largest
Communications Service Providers in the Americas. The employee count
at Prodapt Panama is expected to exceed 300 this year, he said, according
to a Prodapt release here today.
UNI GV 1632
Please log in to get detailed story.
Tags: #Prodapt to invest USD 7 mn in Panama Operations expansion
More News

Tech Mahindra net at Rs 661 crore in Q4; Company gives dividend of Rs 28 per share

25 Apr 2024 | 7:28 PM

New Delhi, April 25 (UNI) Mahindra Group company Tech Mahindra, a technology consulting and digital solutions provider, on Thursday reported about 41 per cent decline in net profit at Rs 661 crore year-on-year basis for the fourth quarter ended March 31, 2024.

see more..

Kottayam-Kochi Rubber Market Rates

25 Apr 2024 | 7:26 PM

Kottayam, April 25 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..
Indusind Bank net up 15 pc in Q4

Indusind Bank net up 15 pc in Q4

25 Apr 2024 | 7:10 PM

New Delhi, April 25 (UNI) Leading private bank Indusind on Thursday reported a 15 percent jump in net profit at Rs 2,349 crore in Q4 of FY 2023–24, compared to Rs 2,043 crore in the same quarter in 2022–23.

see more..

25 Apr 2024 | 6:53 PM

New Delhi, April 25 (UNI) Leading private bank Indusind on Thursday reported 15 percent jump in net profit at Rs 2,349 crore in Q4 of FY 2023-24 compared to Rs 2,043 crore in the same quarter in 2022-23.

see more..

Regulations to become more stringent, demanding in coming years : CUB MD

25 Apr 2024 | 6:40 PM

Chennai, Apr 25 (UNI) “Regulations are going to be here, and they are going to
get more stringent as there is a learning depending upon the changes in the
environment and the role of the CFO's,” City Union Bank (CUB) MD and CEO
Dr N Kamakodi observed on Thursday.

see more..
image