DFNN and CIC formalize joint venture

DFNN Group, headquartered in the Philippines, and Spain’s CIC Consulting Informático (CIC) have officially established a strategic joint venture agreement to leverage their respective products and services.

This partnership aims to explore new markets, seize market share, and introduce innovative products and services tailored to the evolving needs of businesses and investors.

DFNN Group’s extensive nationwide presence in the Philippines brings valuable experience and a deep understanding of the local market to the table. Emphasizing entrepreneurship and innovation, the Group will contribute complementary software solutions, customer support, strategic direction, and regulatory expertise crucial for navigating the Philippine market landscape.

On the other hand, CIC brings a wealth of technological expertise and a comprehensive suite of software solutions to the partnership. With involvement in turnkey projects spanning cybersecurity, software development, IT integration, and ICT infrastructures across various sectors including power, manufacturing, telecom, railways, and oil & gas, CIC adds significant value to the collaboration.

According to CIC CEO Ramón López, “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.”

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

Ricardo F. Banaag, DFNN President and CEO

The joint venture will focus on key sectors such as cybersecurity, value-added services (VAS), customer support, e-banking, biometrics technologies, Internet of Things (IoT), and blockchain. By leveraging DFNN’s market insights and CIC’s technological capabilities, the partnership aims to capitalize on emerging opportunities. The prospects for the joint venture are promising, with both DFNN Group and CIC well-positioned to meet the increasing demand for innovative technology solutions in the Philippines.

Innovation and integration of new technologies is paramount to the continuing process of improvement in the online gaming industry. Considering the risks of cybersecurity, it is well received that operators continue to find ways to help improve their services.

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