Gutenberg Communications

October 08, 2014 05:00 ET

UST Global Acquires TCP to Strengthen Its Presence in Spain

Deal Widens the Company's Offerings in the Local Market and Expands Business Prospects for Europe, Latin America and Africa

ALISO VIEJO, CA--(Marketwired - October 08, 2014) - UST Global announced today that it has acquired TCP, an IT consulting company specializing in the development and integration of advanced technology solutions and IT services.

TCP provides the scale of operations that UST is looking for in terms of serving both Spanish and European markets, as it reinforces the company's strong focus on the Banking and Telecom verticals.

The acquisition gives UST Global access to the largest companies operating in Spain and opens up prospects of expansion into European, Latin American and African markets. With this acquisition TCP employees will benefit from UST Global's local and international professional development opportunities.

Commenting on the acquisition Manu Gopinath, UST Global's Head of Emerging Markets and Global Head of HR, said: "Both companies perfectly complement each other. This is UST Global's second acquisition in Spain and the deal will reinforce our market presence, contributing to better serving our current and prospective Spanish, Latin American and European customers. For UST Global this is the best way to consolidate our presence in the Spanish market, gearing our operations towards growth. TCP employees will also have opportunities for career development in a global organisation that is committed to promoting talent management."

Victor San Jose, co-managing director for TCP added: "With over 20 years of experience as a supplier and IT consultant for all the major companies in Spain, our highly qualified employees and extensive local market expertise are key strengths that contributed to attract UST Global's interest in our operations. This deal constitutes a great source of pride to us."

"This project reflects UST Global's expansion plans. It is supported by a team of professionals who are dedicated to providing the best services and solutions to our clients. This stance is reinforced by a drive for innovation, supported by professional commitment and available logistics. UST Global and TCP possess all these elements to execute tasks and achieve results," said José Aguilaniedo MD, UST Global, Spain.

Spain is strategic to UST Global due to its time-zone proximity to Central Europe and the availability of bilingual, ICT talent it offers. The country is the one of the most important ICT markets by volume in Europe, worth nearly EUR92 million. Starting its Spanish operations in early 2014, UST Global plans to employ 3,000 engineering graduates over the next 5 years. The company has established a presence in the University of Salamanca's Science Park.

About UST

UST Global is a leading provider of end-to-end IT Services and Solutions for Global 1000 companies. Headquartered in Aliso Viejo, California, UST Global has operations in USA, India, Mexico, Spain, UK, Malaysia, Philippines, and Singapore. UST Global is a technology leader with profound domain expertise across the following industries: Healthcare & Insurance, Retail, Financial Services, Transportation & Logistics, Manufacturing & Automotive, Telecommunication and Media & Entertainment. By focusing on the business model of 'fewer CLIENTS, more ATTENTION', UST Global strives for excellence in providing their clients with the best service and commitment to long-term client success. With 14,000 employees, UST Global's growth and clientele have been impressive. Please visit for more information.

About TCP

TCP was founded in 1992 with headquarters in Madrid and offices in Valladolid (Spain) and Sao Paulo (Brazil). It provides IT consulting, development and integration of advanced technology solutions and IT services. With a strong presence in the Spanish market, TCP has worked with the country's largest companies, specially focusing on Business Process Management, IT Service Management, Quality Assurance and Mobility.

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