Madrid, July 05, 2024. COFIDES will promote the growth of the technology consulting firm Izertis in the U.S. To this end, it has granted a loan of €1.6M euros from the Fund for Foreign Investment (FIEX).
Izertis will use this loan to finance its acquisition of the U.S. company Keifi Technologies USA, INC, specialized in providing technology services for the financial sector, in order to consolidate its presence in the United States.
This project contributes to the achievement of Sustainable Development Goal (SDG) 8, Decent Work and Economic Growth. This is the second operation in which COFIDES and Izertis have collaborated after supporting the company in the acquisition of another company in Mexico, in 2015.
COFIDES' CIO Miguel Ángel Ladero, stated that "for COFIDES it is essential to support the growth and internationalization of companies like Izertis that, with their technology and innovation capacity, offer digital transformation solutions to other companies, thus boosting the economy and employment."
Izertis’ chairman, Pablo Martín, underlined that COFIDES' support allows us to "reinforce our commitment to international markets and continue to make steady progress in our global expansion, as outlined in our strategic plan."
Izertis is a Spanish technology consulting firm that offers high value-added solutions through a complete portfolio of technological and methodological capabilities, standing out in environments such as AI, Cybersecurity, Data & Intelligence, Customer Experience, DevOps, Cloud, Software Engineering, Quality Assurance, Hyper Automation, IT Sourcing, Business Solutions, Blockchain, Project & IT Governance, and other enabling technologies for digital metamorphosis processes.
Founded in 1996, Izertis currently employs more than 1,800 professionals in its offices in Europe and the Americas. In November 2019, he joined BME Growth. One of the main lines of its 2027 Strategic Plan is its international expansion in Europe and the USA.
ABOUT COFIDES
COFIDES is a state-owned commercial company specialized in managing State funds that provides financing for private investments to achieve various public policy objectives. For over three decades, it has been managing resources aimed at supporting the internationalization of Spanish companies, and since 2021, the FONREC, a fund aimed at strengthening the solvency of Spanish companies severely affected by the COVID-19 pandemic. COFIDES has been assigned the direct management of two new financial instruments: the Co-investment Fund (FOCO), to attract foreign investment to Spain in activities mainly linked to green and digital transitions, and the Social Impact Fund, aimed at reinforcing the national ecosystem of impact investment. Additionally, COFIDES supports the Spanish Agency for International Development Cooperation (AECID) in managing financial cooperation resources. The Spanish state owns 53% of the capital, while the remaining 47% is held by Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and the Development Bank of Latin America and the Caribbean (CAF).
