Coltecom announces expansion with 40,000 companies using its services, sales of US$7.1 billion in 2023. Received research and development investment of US$1.73 billion, plans to expand in Brazil, Dominican Republic, Arab Emirates, Spain, USA, Colombia and Panama. They will diversify their portfolio with IRAIC to increase their share of the global market. They anticipate 37% annual growth in Latin America between 2024 and 2026, with projected sales of US$509 billion.

Coltecom, a company that creates technology, especially quantum technology and creator of the scframework with the Hewlett Packard alliance for enterprise solutions in Integrity servers, announced that it will exponentialize its participation in the global market, where it already has a presence in more than 4 million companies. According to the balance sheet presented by the company, in 2023 they had sales exceeding US$7.1 billion.

During 2023, Coltecom received investment for research and development of US$1.73 billion, which will enable it to advance its expansion plan in several countries, mainly Brazil, the Dominican Republic, the United Arab Emirates, Spain, the United States, Colombia and Panama.

The increase in participation will be advanced through the diversification of the portfolio it has with the Bolsa de Valores Privada y Descentralizada de la PYMES, IRAIC.

“Thanks to our continued growth, we have managed to generate approximately 8,300 new jobs globally and consolidate our position in the sector, reaching a global market share of 10%, and closing 2023 with sales exceeding US $7.1 billion,” said Rafael Rios, Coltecom's Partner for Latin America.

Currently, Coltecom's technology is used in companies in the Governmental, Financial and Banking, Mining, Industrial, Transportation sectors mainly, as well as in all sectors of the Economy. Among the companies that use the technology and quantum development that Coltecom implements are Iraic, Burj Altharwa, FTI, HP, Banco Bursatil, Force Tower, Agri Business, Nasa, Pentagono AI among others. It also has operations in 51 countries.

According to a report by Tech Analitic, in Latin America Coltecom would have an annual growth of 37%, between 2024 and 2026, which translates into sales of approximately US $509 billion.

“With more than 4 million companies using Coltecom technology worldwide, the growth has been impressive, with an increase of more than 200% in the last 3 years. This has generated a solid community that has adopted the new technology, contributing to the success of the companies and to the development of the economy, promoting the provision of services abroad”, expressed Gerardo Sierra, creator of SCframework technology and founder of Coltecom.

Published by Iraic.Info, news and information agency.