• The agreement guarantees the continuity of the service that Telefónica Tech provides to multinational customers and reinforces Telefónica’s strategic focus on its main markets.
• The acquisition is a key move for hiberus’ growth in Latin America and accelerates its value proposition in cybersecurity and cloud.

Telefónica Tech has reached an agreement with the technology company hiberus for the acquisition of Telefónica Tech’s businesses in Colombia, Mexico and Chile. Within the framework of the agreement, both companies will maintain a strategic alliance that will allow Telefónica Tech to continue serving multinational customers in the region, while reinforcing its strategic and operational focus.

The operation will be carried out guaranteeing the continuity of labour and contractual relations, in accordance with current regulations, and without impact on the services that Telefónica Tech provides to its multinational customers.

With this measure, Telefónica Tech advances in its growth and organizational simplification strategy, reinforcing its focus on digital and technological solutions with greater added value for companies, in line with its main markets for the Telefónica Group: Spain, the United Kingdom, Germany and Brazil.

This acquisition allows hiberus to consolidate its presence in Latin America, expand its expansion in key markets and enhance its capabilities in strategic areas. In this way, it is positioned as a benchmark company in the region and consolidates its position to provide service to North America.

“This agreement is a natural step in our evolution as a digital services company of the Telefónica Group, within the framework of the new Transform & Grow Strategic Plan. It will allow us to maintain closeness with customers and continue to offer Telefónica Tech’s services with the same standards of quality and commitment,” says María Jesús Almazor, COO of Telefónica Tech for Spain and America.

“This acquisition is a key step in hiberus’ growth across Latin America. By bringing this highly specialized team on board, we are strengthening our capabilities in cybersecurity and cloud, while building a long-term strategic partnership with Telefónica. This move also accelerates the execution of our Azul Infinito plan, driving innovation and value for our clients,” says Marcos Latorre, International CEO of hiberus.

The operation is subject to the usual authorizations and procedures in this type of transaction.

About Telefónica Tech

Telefónica Tech is the leading company in digital transformation. The company offers a wide range of services and integrated technological solutions for Cyber Security, Cloud, IoT, Big Data, AI and Blockchain. For more information, please visit: https://telefonicatech.com/en/