Thursday, April 25, 2024

DFNN Group and Spain’s CIC Consulting Informático Announce JV to Revolutionize the Philippine Technology Landscape

DFNN Group and Spain’s CIC Consulting Informático Announce JV to Revolutionize the Philippine Technology Landscape

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DFNN Group and Spain’s CIC Consulting Informático (CIC) have formalized a strategic joint venture agreement poised to create endless opportunities in the technology sector. 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 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.

While businesses are increasingly susceptible to AI-driven cybersecurity threats, including sophisticated phishing attacks, deepfake manipulations, and AI-powered malware, CIC’s cybersecurity tool integrates advanced AI algorithms to detect and counter these emerging threats effectively, enabling businesses to stay ahead of the curve and mitigate potential risks effectively.

CIC’s suite of products include:

  • SGRwin, a Network Management System (NMS) solution used to manage complex multi-technology ecosystems;
  • IDboxRT, Operational Intelligence tool for Industry 4.0, Smart and Energy companies;
  • FIELDEAS, multi-device Field Service Management (FSM) platform to give full visibility and control for digitalization of processes and supply chains;
  • Bon0, energy management for energy efficiency and
  • LUCA BDS, for business & energy intelligence.

Its clients run the gamut, such as REE, Ferrovial; Dubai Airports, Telefonica, PTT and Qatar Petroleum. CIC is present in more than 40 countries servicing 180 clients and supporting 150 vendors.

“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.

With this shared vision, DFNN Group and CIC are committed to delivering innovative solutions that empower businesses, enhance customer experiences, and shape the future of technology in the Philippines.