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| DESCA Completes Acquisition of Transistemas DESCA, a Latin American provider of network solutions and systems integration services, has completed the acquisition of Transistemas, an Argentine based company. Terms of the transaction were not disclosed. The acquisition provides DESCA with direct presence in Latin America from Mexico to Argentina, and positions the company to significantly leverage its talented professionals for capturing new opportunities and strengthening relationships with customers and partners. The two companies signed a binding Letter of Intent on April 7, 2008 and executed a purchase agreement on May 23rd. The acquisition assures service continuity for existing customers and provides employees with new opportunities for sustained growth. Transistemas' customers will receive the same service and support as always, while gaining the combined strength of more than 700 DESCA professionals behind their networking solutions. In addition, the acquisition delivers a broader portfolio of communications and networking solutions with the ability to meet customers' needs for new market efficiencies through technology enablement. The acquisition makes DESCA one of the largest networking solutions providers in Latin America and the Caribbean, with more than 700 employees and direct presence in more than 11 countries. As a majority-owned subsidiary of eLandia International Inc., DESCA serves customers from locations in Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, Trinidad & Tobago, and Venezuela. From its new location in Argentina, DESCA plans to expand operations into Bolivia, Chile, Paraguay, Peru, and Uruguay over the next 18 months. write your comments about the article :: © 2008 Networking News :: home page |