Tech company TeKnowledge invests $20 million in El Salvador operations

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By LatAm Reports Staff Writers

The technology company announced the hiring of 200 collaborators this year for the start of operations in El Salvador.

Technology company TeKnowledge announced Wednesday the investment of $20 million in its start of operations in El Salvador, where it plans to build the new Silicon Valley of Latin America.

TeKnowledge specializes in technological services and cybersecurity with operations in 17 countries, which he calls “hubs,” including the United States, Costa Rica, Honduras, Bulgaria, Nigeria, China, among other markets.

The service portfolio includes artificial intelligence (AI) and cybersecurity consultancy. It also provides technology to optimize business investments, penetration tests and gap analysis for financial institutions and governments.

The firm seeks to contribute to the development of a “hub.” in El Salvador to increase digital competition, as well as to be an engine of growth and innovation,” said María Balbás, executive vice president of TeKnowledge, prior to the opening tape cut of the company’s office in San Salvador.

El Salvador’s operation is linked to the global network of 6,000 professionals working with the company, added Jeannie Bonilla, business leader for Latin America at TeKnowledge, who detailed that they will recruit 200 young people for the local office.

Bonilla estimates that in three years the office of San Salvador will be as large as the current operation in Costa Rica, where it has 1,400 hired in 12 years of presence. The executive said that the Salvadoran team has already resolved 1,200 cases in different parts of the world.

TeKnowledge’s arrival in El Salvador represents a valuable investment in our talent and the country’s economic future. This expansion will not only create highly qualified jobs, but will also attract more technological investments, positioning El Salvador as a destination of interest for future projects, added Mario Padilla, director of the Salvadoran Chamber of Information and Communications Technologies (Casatic).

This article has been translated after first appearing in Diario El Mundo