Prodapt to invest USD 7 mn in Panama Operations expansion

Prodapt is expanding its Panama operations through USD 7 million investment.

Chennai, May 26 : Prodapt, the largest and fastest growing specialized firm in the Connectedness industry, is expanding its Panama operations through USD 7 million investment, leveraging the unique nearshoring advantage offered by the country.

The investment will generate approximately 500 technology jobs in areas such as cloud computing, artificial intelligence, and technical support. “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,” Harsha Kumar, CEO of Prodapt, said.

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“We have invested around USD 5 million in building out the center and its workforce,” he added.

The company’s operations in Panama began with a six-seater setup and has expanded over the last two years to 200 technology and domain experts who offer critical delivery and troubleshooting services for Prodapt’s strategic customers in the Connectedness domain, including some of the largest Communications Service Providers in the Americas. The employee count at Prodapt Panama is expected to exceed 300 this year, he said, according to a Prodapt release here today.