Costa Rica: $10 Million Invested in ITS InfoComunicación

The resources will be used in the company's regional expansion process.

Tuesday, September 8, 2009

The investment was done by private capital management company Aureos.

ITS Corporate Relations director, Armando Vargas, told "... the company wants to enter Puerto Rico and the U.S. ....We also want a stronger presence in Panama and to explore the possibility of expanding to Mexico".

More on this topic

ITS InfoCom Funded with $20 million

November 2011

The multinational computer services company from Costa Rica has received capital investment from Aureos Capital Ltd., Capital Creation and E3 Capital.

A press release ITS InfoCom reads:

ITS InfoCom receives $20 million in investment

• The Funds will be used to boost the multinational infocommunication company

ITS InfoCom Inaugurates Bogota Offices

August 2010

Latin America's first multinational integrated infocommunication services provider has invested $2.2 million in the development of its corporate presence in the Colombian market.

The amount invested will increase to $5.2 million in 2011 and the number of ITS InfoCom “knowledge workers” is expected to go from 71 to around 150.

There are Few Truly Innovative Start ups

April 2013

Nearly three-quarters of newly formed companies arise from ideas that are not very innovative, and there are very few that are export-oriented.

This was revealed by the "National Report 2012: the state of entrepreneurship in Costa Rica". "The research, made with the methodology of the Global Entrepreneurship Monitor (GEM), shows that 73% of new companies created do not offer any new products or services to customers, while for established firms the ratio is 60 % ", reported

First Costa Rican IT Alliance Services Summit Begins

July 2010

Today and tomorrow, companies from 12 countries are meeting in Costa Rica to build ties and identify potential partnerships.

The forum, organized by Costa Rica's export promotion agency (Procomer) and the Chamber of Information and Communication technologies (CAMTIC), will bring together 35 companies from Germany, Canada, China, Guatemala, USA, Spain, Mexico, Panama, Puerto Rico, the Dominican Republic and India.

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