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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
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Tags: #Prodapt to invest USD 7 mn in Panama Operations expansion
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