Teknowledge announces its arrival in El Salvador with US$20 million investment

The global technology company specializes in artificial intelligence consulting services, cybersecurity and advanced technical support.

TeKnowledge, a global leader in technology services and cybersecurity with a 360º approach, enthusiastically announces its official entry into the Salvadoran market. With an initial strategic investment of US$20 million, the company plans to hire more than 200 local employees per year. This decision reaffirms TeKnowledge’s commitment to economic growth and talent development in El Salvador, thanks to the incentive for technology companies that the government has facilitated through the Law for the Promotion of Innovation and Technological Manufacturing.

The company has established its base of operations in the Millennium Plaza Building in San Salvador, a strategic location within the city, close to other technology companies.  To date it has already integrated 100 Salvadoran engineers into its global network, offering 24/7 services in several languages and has provided service resolving more than 1200 cases for different countries around the world. 

“The arrival of TeKnowledge in El Salvador is a clear example of how our country is becoming a center of innovation and technology at a regional level. This investment reaffirms our vision of creating opportunities for our young people, boosting economic growth and consolidating El Salvador as a reference in the global technology industry,” said Rodrigo Ayala, President of the Investment and Export Promotion Agency of El Salvador, INVEST.

TeKnowledge aims to play a crucial role in contributing to the economic and technological development of El Salvador. Through its various initiatives, the company aims to be an engine of innovation and growth. This approach not only seeks to generate employment, but also to raise the level of technological competence in the region, positioning El Salvador as a technological hub of reference in Central America.

 “We are delighted to start our operations in El Salvador. This country has exceptional talent and an environment conducive to growth. These go hand in hand with the technical support, consulting and management services offered by TeKnowledge. We help companies and governments to adopt technology effectively, generating a positive impact on their economic and commercial results. We collaborate with the world’s leading technology providers to develop and transfer best practices that align with their objectives. With this investment, we seek not only to expand our operational capabilities, but also to contribute significantly to the economic and technological progress of the country,” explained María Balbás, Executive Vice President of TeKnowledge.

With operations in four continents and more than 6,000 employees worldwide distributed in 17 hubs: United States, Costa Rica, Colombia, Honduras, Argentina, Bulgaria, Cyprus, United Arab Emirates, Rwanda, Nigeria, Malawi, Vietnam, India, China and now El Salvador, TeKnowledge is consolidating its position as a global reference in the technology sector.  The company has revolutionized global talent in companies and governments, empowering key digital skills through advanced programs in AI, cybersecurity and more, training more than 15,000 people annually in its digital transformation centers.

“We offer a full range of technology services including AI-based consulting, cybersecurity, supporting both technology providers and enterprises to maximize the value of their technology investments…. Our track record of success includes implementing managed security services (MSSP), penetration testing and gap analysis for financial institutions, governments and enterprises globally. We have established and managed SOCs for banking and government entities on multiple continents, strengthening their security posture and incident response,” said Jeannie Bonilla, LATAM Business Lead at TeKnowledge.

El Salvador has seen a notable increase in foreign direct investment (FDI) in recent years. According to the Central Reserve Bank of El Salvador, FDI in the country reached $1.3 billion in 2023, highlighting the growing international confidence in the Salvadoran business environment.

 “TeKnowledge’s arrival in El Salvador represents a valuable investment in our talent and in the country’s economic future. This expansion will not only create highly skilled jobs, but will also attract more technology investment, positioning El Salvador as a destination of interest for future projects. We are excited about the opportunities that this collaboration will bring,” said Mario Padilla, Director of the Salvadoran Chamber of Information and Communication Technologies (CASATIC). With more than 13 years of experience in providing specialized technology services, cybersecurity, technical support and training, TeKnowledge has established a strong global presence. The company is dedicated to driving digital transformation and talent development in organizations, reaffirming its leadership in the global technology industry.

Source: Revista Summa