Clearwater has advised the technology and digital solutions group Vector ITC on the majority sale of its shareholdings to the largest technology services company in Latin America, Softtek.
Based in Spain, Vector ITC develops software and provides information and communication technology solutions. Founded in 2002, the Vector ITC technological and digital group has developed a strong position in the Spanish market, with more than 2,500 employees as well as offering services in Peru, Brazil, Chile, Mexico, Colombia, United States, Costa Rica, Paraguay, United Kingdom and Germany.
Softtek, founded in 1982 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 organisations evolve their digital capabilities constantly and seamlessly, from ideation and development to execution.
The sale of the Spanish based Vector ITC will increase Softtek’s European presence, incorporate new clients and will increase the portfolio of IT solutions provided to its clients.
