Philippines based DFNN Group and Spain’s CIC Consulting Informático (CIC), have formalized a strategic joint venture agreement aimed at leveraging each other’s products and services.
The collaboration will enable the joint venture to penetrate new markets, capture market share, and deliver innovative products and services that meet the evolving requirements of businesses and investors.
The DFNN Group’s nationwide reach in the Philippines brings to this partnership its extensive experience and deep understanding of the local market. With a focus on fostering entrepreneurship and driving innovation, the Group will provide complementary software solutions, customer support, strategic guidance and regulatory expertise critical to navigating the Philippine market.
Meanwhile, CIC boasts a wealth of technological expertise and a comprehensive suite of software solutions. It has turnkey projects involving cybersecurity, software development & IT integration and ICT infrastructures across the power, manufacturing, telecom, railways and oil & gas sector.
“This Joint Venture will provide CIC 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”, from CIC CEO Ramón López.
Together, the joint venture will target key sectors such as cybersecurity, value added services (VAS), customer support, e-banking, biometrics technologies, Internet of Things (IoT), and blockchain, leveraging DFNN’s market insights and CIC’s technological capabilities to capitalize on emerging opportunities. Prospects for the joint venture are promising, with both the DFNN Group and CIC poised to 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,” shares DFNN President and CEO Ricardo F. Banaag.
