DFNN Group and Spain's CIC Consulting Informático Announce Joint Venture to Revolutionize the Philippine Technology Landscape

DFNN Group and Spain's CIC Consulting Informático (CIC), a leader in digital transformation and technology solutions, have signed a strategic joint venture agreement to generate new prospects in the technology sector. The collaboration will allow the joint venture to expand into new markets, gain market share, and provide innovative goods and services that match the changing needs 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 has a wealth of technological knowledge and a complete set of software solutions. It has completed turnkey projects in cybersecurity, software development and IT integration, and ICT infrastructures for the power, manufacturing, telecom, railway, and oil and gas industries.
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While businesses are becoming more vulnerable to AI-driven cybersecurity threats such as sophisticated phishing attacks, deepfake manipulations, and AI-powered malware, CIC's cybersecurity tool incorporates advanced AI algorithms to detect and counter these emerging threats, allowing businesses to stay ahead of the curve and mitigate potential risks effectively.

CIC's product portfolio includes SGRwin, a Network Management System (NMS) solution for managing complex multi-technology ecosystems; IDboxRT, an operational intelligence tool for Industry 4.0, Smart and Energy companies; FIELDEAS, a multi-device Field Service Management (FSM) platform that provides full visibility and control for the digitalization of processes and supply chains; Bon0, energy management for energy efficiency; and LUCA BDS, for business and energy intelligence. Its clients include REE, Ferrovial, Dubai Airports, Telefonica, PTT, and Qatar Petroleum. CIC operates in more than 40 countries, serving 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.
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The joint venture aims to capitalize on emerging opportunities in cybersecurity, value-added services (VAS), customer support, e-banking, biometrics, the Internet of Things (IoT), and blockchain by combining DFNN's market insights and CIC's technological capabilities. The joint venture's prospects are intriguing, with both the DFNN Group and CIC well-positioned to capitalize on the Philippines' expanding need for innovative technology solutions.

"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.
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With this common vision, DFNN Group and CIC are dedicated to providing innovative solutions that empower businesses, improve customer experiences, and impact the future of technology in the Philippines.

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For related topics, you may also read DFNN, Inc. Resolved to Incorporate JVC with Consulting Informático de Cantabria