Softtek acquires 75% of Vector ITC, consolidating its position as a disruptive force in digital services

Softtek, a global company dedicated to fostering the evolution of organizations through digital technology, has announced the acquisition of 75% of the shareholders and the integration of Vector ITC as part of its portfolio. This operation consolidates Softtek as a major player in global digital solutions, with a strong presence in Europe, Latin America and the United States, and recognized global service delivery capabilities. A disruptive force is created in the digital services market.

Vector ITC has a great trajectory in the design and implementation of technological solutions that adapt to different segments, especially banking, retail and tourism.  In 2019 the company has increased its client portfolio by 21% globally, with Europe and Latin America (Latam) being the most important markets.

For its part, Softtek is a global company and the largest IT services company with origin in Latin America, which helps Global 2000 companies evolve from the ideation and construction to the execution of digital strategies.

Customers will benefit from the integrated capabilities, which are strengthened in the following areas:

  • A broader portfolio of digital solutions.
  • Deeper consultative capacity in various sectors.
  • Greater support and forcefulness in America and Europe.
  • Increased delivery capacity through the Global Nearshore model created by Softtek.
  • Greater chance of attracting and retaining talent.

“We found in Vector a company with an entrepreneurial spirit very compatible with the culture, vision and origins of Softtek. We highlight the participation of its founding partners and current shareholders in the strategy and daily dynamics of the company. It is an honor to add them to our team as executives and shareholders,” says Blanca Treviño, Softtek president and CEO.

“Our extensive sectorial experience, especially in the financial, retail and tourism sectors for key digital transformation processes, allows us to position ourselves as an expert company in these segments. This is an important asset of Vector, which now as part of the Softtek family will allow us to improve the competitiveness of the tools to offer and expand our client portfolio,” says Carlos Delgado, CEO of Vector ITC.

Softtek’s capabilities in integrating Vector ITC will be oriented to:

  • Digital solutions.
  • Managed and results-oriented solutions with high business value.
  • Advanced technology management.

These capabilities will allow us to accompany and guide clients from the conception and design of digital transformation initiatives, to the construction of digital platforms and solutions and the subsequent management of operations supported by automation, artificial intelligence and advanced data management.

“With this acquisition, we have strengthened our penetration and scope of service in Europe, with the objective of having a very balanced position between the United States, Latin America and Europe; something that we know is valuable to help the digital transformation of our customers. We welcome Vector ITC’s clients and talent. Together we are a disruptive force in the digital services industry,” adds Treviño.

The Vector ITC brand will operate as a Vector ITC, to Softtek Company from January 2020.

Carlos Delgado, CEO of Vector ITC continues to lead the organization and assumes the role of CEO of Softtek Europe, joining Softtek’s global executive committee and shareholders.

Doris Seedorf, until today CEO of Softtek Europe, will accompany the integration process and remains a member of Softtek’s executive committee under her new role as Chief Corporate Development Officer at the global level.

The operation was advised by Clearwater on behalf of Vector and GBS Finance on behalf of Softtek.