Prodapt Ventures into Panama with $7 Million Investment, Set to Create 500 New Jobs in Tech Sector

Prodapt, a pioneer in providing technology solutions for the interconnected world, is set to broaden its business footprint in the Central American nation, Panama. The firm is making a significant investment of $7 million to harness the benefits of nearshoring IT operations that Panama presents. With this investment, Prodapt expects to create approximately 500 new job opportunities in trending technology areas like cloud computing, artificial intelligence (AI), and technical support.

Significant Investment to Boost Tech Jobs

The company has already invested $5 million in establishing the new centre and fortifying its workforce from the allocated $7 million investment. The inception of Prodapt’s operations in Panama began modestly with a six-seater setup. Over the last two years, the firm has achieved considerable expansion, boasting a strength of 200 employees who provide efficient delivery and troubleshooting services to American clients in the communication service providers’ sector.

Prodapt: A Trailblazer in Panama’s Tech Space

Prodapt holds the distinction of being the first technology services and consulting firm from India to launch operations in Panama. Leveraging the skilled workforce and favourable business environment of the country, the company has amplified its operations many folds in a span of two years. According to Harsha Kumar, CEO of Prodapt, the expected employee count at Prodapt Panama will surpass 300 this year.

By expanding into Panama, Prodapt aims to bolster its offshore capabilities with multilingual proficiency and time zone compatibility. The Panamanian centre is set to spearhead all of Prodapt’s Latin American business, which presently constitutes around 15% of the company’s annual revenues.

Prodapt, renowned for providing digital transformation services, boasts an impressive portfolio of clients, including tech giants like Meta, Google, Amazon, and telecom powerhouses like AT&T, Verizon, and Vodafone. The company’s expansion into Panama reinforces its commitment to lead digital innovation in emerging markets.