Utilising Panama's distinct nearshoring advantage, Prodapt, the largest and fastest-growing specialised company in the connectedness sector, is investing $7 million to expand its operations there.

 

500 new jobs in the technology sector, including those in technical assistance, cloud computing, and artificial intelligence, will be created as a result of the investment.

 

“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.

 

Over the past two years, the company's operations in Panama have grown from a six-seat setup to 200 technology and domain experts who provide critical delivery and troubleshooting services for Prodapt's strategic customers in the Connectedness domain, including some of the biggest Communications Service Providers in the Americas. This year, Prodapt Panama anticipates having more than 300 employees.

 

“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.