Compass Technology Services, the firs specialized technology oriented consultancy in Latin America and the Caribbean region starts operations in Panama City, Panama.
Panama City, Panama (PRWEB)September 30th, 2004 - Compass Technology Services (CTS) started operations in the Republic of Panama, offering a different type of service for the information age economy. The firm offers a mix of legal guidedance and specialized technical advice for
Telecommunications, Internet and IT businesses. CTS was born due to the increasing demand received by its parent company, Compass Law Firm, for legal and business guidance from Internet and Telecommunications ventures willing to start operations in Panama.
The Isthmus of Panama has become a very attractive scenario for different types of technology related commercial activities such as: call centers, data centers, online gambling and online stores among others. This development in the less populated Central American nation has not occurred randomly. Through the years the country has taken advantage of its strategic geographic position and built the structures that facilitate the current development.
Nowadays, Panama has the largest banking center in Latin America using the U.S. dollar as the legal currency since 1904. More than 80 national and international banks, including the largest banks in the world, have a full service branch, all major trans-continental and inter-continental communication fiber optics systems pass across the country and it is served by a state-of-the-art telecommunications infrastructure. The country is a regional communications hub for Latin America, more than 90% of all Internet, data and voice traffic pass across the country. In addition to these, Panama is one of the safest places in the region, offers a superior quality of life and in the recent years convenient laws for foreign investors and the development of international businesses has been created.
Heriberto Estribí a Lawyer with vast experience in commercial law in the Americas and Europe, writer of books on Internet legislation and international commerce laws, partner of Compass Law Firm and founder of CTS mentioned: We saw the opportunity, constantly we received calls from people asking for guidance on how to start an Internet or technology related operation from Panama and the region. CTS was our natural course of action due to the international orientation of our firm.” According to Estribí, CTS offers a type of service that nobody is currently offering in the region. CTS has a deep knowledge of the market and understanding of the technology that allow them to create rock-solid solutions for their clients. Ramon Martinez co-founder of CTS Said: We have all it takes to ensure success, ample experience and knowledge of the legal environment, the technological know-how and expertise, and robust partners in the Internet and Telecommunications industries.”
Compass Technology Services came to fill an empty space in the growing demand for specialized consultancy services oriented to technological fields in Central America and the Caribbean region. Additional information about CTS can be found at http://www.colafi.com/it
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