Global firm consolidates position as disruptive force in digital services
DALLAS – December 11, 2019 – Softtek, a global company dedicated to helping organizations evolve through digital technology, today announced the acquisition of 75% of the shareholding and integration of Vector ITC as part of its portfolio. Through this operation Softtek consolidates its position as a major player of digital solutions globally. With a strong presence in Europe, Latin America and the United States, extensive experience in digital solutions and recognized global service delivery capabilities, Softtek has established itself as a disruptive force in the digital services market.
Vector ITC has a solid track record in the design and implementation of technological solutions that adapt to different segments, particularly for banking, retail and tourism. In 2019 the company increased its client portfolio by 21% globally, with Europe and Latin America (LATAM) representing the most important markets.
Softtek, a global company and the largest in IT services with origins in LATAM, helps Global 2000 organizations to evolve, from ideation and development to execution of digital strategies.
Clients from each company will benefit from the integrated capabilities, which are strengthened in the following areas:
“There is an entrepreneurial spirit in Vector that is very compatible with the culture, vision and origins of Softtek. We found the participation of their founding partners and current shareholders in the daily strategy and dynamics of the company compelling. It is an honor to add them to our team as executives and shareholders,” said Blanca Treviño, president and CEO of Softtek.
“Our extensive sector experience, particularly in industries like financial services, retail and tourism for key digital transformation processes allow us to position ourselves as an expert company in these segments. This is an important asset to Vector, which now as part of the Softtek family, will enable us to improve competitiveness of tools we can offer and expand our client portfolio,” stated Carlos Delgado, CEO of Vector ITC.
Upon integrating Vector ITC, Softtek's capabilities will be focused on:
These capabilities will enable Softtek to accompany and guide clients from the conception and design of digital transformation initiatives, to the development of digital platforms and solutions, as well as to the subsequent management of operations supported by automation, artificial intelligence and advanced data management.
“With this acquisition, our penetration and scope of service in the European market are strengthened, which allows us to achieve a very balanced position between the U.S., Latin America and Europe—a component that we know is valuable to help propel the digital transformation of our clients". We welcome the customers and the talent of Vector ITC. Together we are a disruptive force in the digital services industry,” added Treviño.
Beginning January 2020, the Vector ITC brand will operate as Vector ITC, a Softtek Company.
Carlos Delgado, CEO of Vector ITC, continues to lead the organization and assumes the role of CEO of Softtek Europe, joining the executive committee and the group of Softtek shareholders worldwide.
Doris Seedorf, until now CEO of Softtek Europe, will accompany the integration process and remains as a member of the Softtek executive committee under her new role as Chief Corporate Development Officer at the global level.
The operation was advised by Clearwater for Vector and GBS Finance for Softtek.
Founded in 1982, Softtek is a global company and the largest provider of IT services from Latin America. With a broad portfolio of business-transforming products and solutions, Softtek helps Global 2000 organizations evolve their digital capabilities constantly and seamlessly, from ideation and development to execution. Learn how Softtek creates value through technology at www.softtek.com and connect with @Softtek in social media.
About Vector ITC
Vector ITC is a technological and digital group with 90% Spanish capital. Founded in 2002 and consolidated as Vector ITC in 2014, it has more than 2,500 professionals offering services in Spain (Madrid, A Coruña, Albacete, Córdoba, Segovia, Palma de Mallorca and Ávila) and has international offices in Peru, Brazil, Chile, Mexico, Colombia, U.S., Costa Rica, Paraguay, United Kingdom and Germany.
Vector designs and develops initiatives based on cutting-edge technology to drive digital change and generate the greatest value for companies, sectors of the economy and society. Its disruptive DNA, together with its technical, business and sectorial experience, helps companies in their technological challenges and strategies, developing innovative projects, implementing exclusive digital products and solutions – always based on a culture focused on innovation and in the new digital era.
The following form part of Vector ITC: Keyland, specialist in the implementation of technology for the industry; Ágora, experts in technological solutions for the supply chain; and La Moderna, marketing and communication agency.
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