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Softtek Acquires Itarvi Consulting, Specialist in Multichannel Banking Services

The European firm will strengthen Softtek’s position to offer digital transformation services to multinational companies.

NEW YORK, NY – August 24, 2015 – Softtek, founder of the nearshore industry and leading global IT services provider dedicated to creating value through technology, today announced the acquisition of Itarvi Consulting S.L., specialist in multichannel banking services in Madrid, Spain.  This acquisition will contribute to strengthening Softtek’s operations in Europe, as well as expanding its reach and capabilities to provide digital solutions to companies with operations in Europe and the Americas.

“Latin American investments in Europe in general, and Spain in particular, have accelerated in recent years with the so-called 'Multilatinas.' At the same time, Latin America is for some Spanish companies the largest and fastest growing market," said Blanca Treviño, President and CEO of Softtek. "By adding Itarvi Consulting to the team, Softtek strengthens its position as the ideal partner for companies on both sides of the Atlantic."

Itarvi Consulting, with operations in Madrid, provides digital transformation solutions using agile methodologies for large companies, particularly in the Financial Services sector. This operation complements Softtek’s current presence in Spain from its office in Madrid and global delivery center located in A Coruña.

“Our integration into Softtek maximizes the value we provide to both our clients as well as our employees,” said Pedro Perelló, CEO of Itarvi. “Our experience creating digital solutions for the Financial Services sector, now combined with Softtek’s global capabilities, fosters a very attractive value proposition that will reinforce our positioning and growth in the Spanish market.”

This is Softtek’s third acquisition within the last three years, adding to the acquisition of SAP service providers Systech integrators in the US and India in 2013, and SCAi in Mexico in 2012.

Softtek helps organizations prosper in the digital era through a broad portfolio of services and solutions that enable business transformation, improve efficiency and increase IT efficacy. Since its foundation in 1982 the company has established direct presence in 18 countries and serves the global market through a network of 12 global delivery centers. The company has operated in the Spanish market since the late 90s.

“We are committed to being the best partner in the process of digital transformation of our clients. With Itarvi joining the Softtek family we are further affirming our ability to create value through technology,” concluded Treviño.

About Softtek: 
Founded in 1982, Softtek is a global provider of process-driven IT solutions with 30 offices in North America, Latin America, Europe and Asia. With 12 Global Delivery Centers in the U.S., Mexico, China, Brazil, Argentina, Spain and India, Softtek helps improve time-to-business-solution, lower costs of existing applications, deliver better engineered and tested applications, and produce predictable outcomes for top-tier corporations in over 20 countries.  Through on-site, on-shore and it’s trademarked Global Nearshore™ service delivery models, Softtek teams with CIOs to constantly increase the business value of IT. Softtek is the creator and a leader of the nearshore industry. Visit , follow @Softtek, connect with Softtek on LinkedIn and read Softtek’s blog

About Itarvi Consulting S.L.:
Founded in December 2010, Itarvi Consulting is a provider of IT specialized in multichannel solutions, with presence in Spain and encompasses various industry sectors, providing clients with technology, architecture and methodologies that enhance their development and production processes.

For more information, contact:

Karen Liedl
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