DFNN, Spanish partner to revolutionize Philippines tech landscape

March 26, 2024 | 12:00am

MANILA, Philippines — Listed DFNN Inc. and Spain’s CIC Consulting Informático are looking to revolutionize the country’s technology landscape.

DFNN said it formalized a strategic joint venture agreement with CIC that is “poised to create endless opportunities in the technology sector.”

The collaboration aims to penetrate new markets, capture market share and deliver innovative products and services that meet the evolving requirements of businesses and investors.

In particular, the joint venture will target key sectors such as cybersecurity, e-banking, value added services, customer support, biometrics technologies, internet of things and blockchain.

DFNN and CIC said they would capitalize on the growing demand for innovative technology solutions in the Philippines.

“Through our shared vision, I eagerly anticipate the profound impact this collaboration will have on the future of technology in the Philippines. This transformative journey promises to push boundaries, redefine standards, and ultimately, elevate the nation’s technological prowess to greater heights,” said DFNN president and CEO Ricardo Banaag.

The joint venture plans to leverage DFNN’s market insights and CIC’s technological capabilities to tap emerging opportunities.

DFNN said it would provide complementary software solutions, customer support, strategic guidance and regulatory expertise critical to navigating the Philippine market.

“This joint venture will provide CIC with an international reference setup in the Philippines, a growing market with high business potential for our core business. It is our mission to offer CIC’s experience in utilities solutions to the private and public sectors in the country,” CIC CEO Ramón López said.

CIC is present in more than 40 countries servicing 180 clients and supporting 150 vendors.

The company boasts a wealth of technological expertise and a comprehensive suite of software solutions.

DFNN, meanwhile, is a publicly listed company committed to advancing innovation, transforming industries and creating positive impact.