Prodapt to Invest USD 7 Mn in Panama Operations Expansion
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.
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," said Harsha Kumar, CEO of Prodapt. "We've invested around $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.
"I am happy to learn that Indian IT company Prodapt is enhancing its operations in Panama. Prodapt works with many major enterprises and employs over 6000 technology and domain experts in over 30 countries across the globe. For me, Prodapt's success in Panama is specially heartening as it is the first India-based technology services and consulting firm to set up operations in Panama, in 2020. I wish the firm success in Panama and global operations," Upender Singh Rawat, Ambassador of India to Panama, said.
Prodapt's Panamanian operations enhance service delivery for clients in the Americas by complementing offshore strengths with certain capabilities only a nearshore center can provide - such as the unique multilingual capabilities and time zone compatibility. In fact, the local center now is building capability o anchor all Latin American business, which accounts for about 15% of the annual revenues of Prodapt.
In parallel with the expansion, the company has sharpened focus on social responsibility, particularly on contributions for disadvantaged children. Prodapt distributed gifts at a community home for 88 children, ahead of Christmas last year, and delivered essentials packs & medical support for new mothers at a hospital.
Prodapt is the largest and fastest-growing specialized player in the Connectedness industry. With its singular focus on the domain, Prodapt has built deep expertise in the most transformative technologies that connect our world.
Prodapt is a trusted partner for enterprises across all layers of the Connectedness vertical. We design, configure, and operate solutions across their digital landscape, network infrastructure, and business operations - and craft experiences that delight their customers.
Today, our clients connect 1.1 billion people and 5.4 billion devices, and are among the largest telecom, media, and internet firms in the world. Prodapt works with Meta, Google, Amazon, AT&T, Verizon, Vodafone, Liberty Global, Liberty Latin America, Claro, Lumen, Windstream, Rogers, Telus, KPN, Virgin Media, British Telecom, Deutsche Telekom, Cisco, Adtran, Samsung, and many more.
A "Great Place To Work® Certified™" company, Prodapt employs over 6,000 technology and domain experts in 30+ countries across North America, Latin America, Europe, Africa, and Asia. Prodapt is part of the 128-year-old business conglomerate The Jhaver Group, which employs over 30,000 people across 80+ locations globally.
Visit www.prodapt.com for more information.
Follow us on LinkedIn, Instagram, Facebook, Twitter, and YouTube
View source version on businesswire.com: https://www.businesswire.com/news/home/20230525005477/en/