The acquisition includes the Bancomex & Comex trade finance systems, a development and support center in Chile and a combined installed base of 12 customers. Staffed by seasoned Latin American trade finance product and technical experts, the center will also allow Surecomp to expand its sales and marketing efforts throughout the region. To head its Latin American operation, Surecomp has appointed CristiÃ¡n Letelier, a Chilean national with 20 years executive experience in operations and technology.
As part of the acquisition, Surecomp has also concluded a marketing agreement with Ordenâs parent company, Sonda Ltda., a regional leader in the development and implementation of software solutions to the banking and financial sector, telecommunications and a wide range of commercial and industrial areas.
"This acquisition highlights Surecompâs focus and its strength in the international banking market place; the move also attests to Surecompâs financial wherewithal and to its managementâs long-range vision and commitment." said Vladimir Ramirez, Surecomp Vice President Business Development.
Speaking at the opening of the new Surecomp support center in Santiago, CristiÃ¡n Letelier, added "The level of interest in Surecompâs trade finance solutions within Latin America has steadily grown in recent years. This move clearly highlights the importance of the Latin American market to Surecomp and places Surecomp in position to expand its business operations within the region."