IBM has seen the human talent in Costa Rica and become very impressed, so much so that the company announced it will invest $21 million in the country this year to expand its cybersecurity center. The announcement was made on April 4th. President Carlos Alvarado took part in it.
This expansion is set to triple the capacity of the company’s current operation, making it the largest IBM firm in Latin America. From the center, the company will monitor security for clients in over 130 countries.
The original unit was opened in 2014. The expansion is thanks to a growth strategy based on market trends such as considerable increases in cyber attacks, according to the company’s leader of the Cybersecurity area at IBM Costa Rica.
The Minister of Foreign Trade, Dyalá Jiménez, stated that Costa Rica saw an increase in direct foreign investment last year. In 2018, there were 48 FDI projects implemented in the country.