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PBS buys El Salvador firm for unknown sum

Productive Business Solutions Limited (PBS) will acquire 100 per cent of Hightech Corporation (HTC) for an undisclosed sum.

Productive Business Solutions listing on the Jamaica Stock Exchange in 2017.
(Photo: dunncox.com)

Hightech is based in El Salvador and is a regional leader in business information technology optimisation aimed at reducing complexity, increasing agility and improving business performance.

HTC is one of few authorised Oracle and Redhat learning centers in the region and services a global clientele, PBS said in a statement.

“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.”

– General Manager-Partner of HTC, David Morales

“The acquisition will strengthen PBS’s 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,” PBS said.

Recently appointed Vice President of Advanced Services and Solutions at PBS, Mauricio Naranjo, will have responsibility for HTC at the Group level.

Vice President of Advanced Services and Solutions at PBS, Mauricio Naranjo, will have responsibility for HTC at the Group level. (Photo: larepublica.net)

PBS, formerly known as Xerox Jamaica, is part of the Musson Group of Companies. It operates in Central America and the Caribbean, reaching companies in 15 countries, and is listed on both the Jamaica and Barbados stock exchanges.

General Manager-Partner of HTC, David Morales, said “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.”

Hightech is based in El Salvador. (Photo: metro.co.uk)

Meanwhile, PBS Group CEO, Pedro M. París, added that “This strategic acquisition represents an ideal fit as it will enhance PBS’ focus on enabling and accelerating our Advanced Services and Solutions division. Very few companies can match PBS’ IT services offerings as a result. The acquisition of HTC will also bring synergies to other parts of PBS’s business in El Salvador.”