American software engineering firm Ascendion unveiled a large delivery center in the Mexican city of Monterrey, pledging to add over 1,500 jobs over the next three years.
The New Jersey-based company, whose valuation increased dramatically since 2016, when it started selling AI solutions, says the Monterrey office is its biggest campus outside of India.
Ascendion expects to kick-start its Mexican operations with around 200 employees and increase its headcount gradually as more clients sign on.
A bulk of Ascendion’s revenue now comes from generative AI solutions, which its officials believe are critical for businesses of all sizes to scale up and simplify their processes.
During the inauguration of the new facilities, company officials made it clear that they would train each and every Mexican employee in the implementation of AI solutions at customer sites.
“We stand on the threshold of the next phase of the digital revolution where software, data, and Generative AI solutions have never been more crucial,” stated Karthik Krishnamurthy, CEO at Ascendion.
The digital engineering firm, most of whose workers are based in India, is reportedly serving BBVA, Santander and Claro in Mexico.
Ascendion has an office in São Paulo, where around 100 professionals are working. In 2022, the company claimed its Latin American revenue grew by 25%.
“Together with Ascendion, Nuevo León is carving its path as a technology and innovation hub, not just in Mexico but also in the world,” stated Iván Rivas Rodríguez, Secretary of Economy of the Government of the State of Nuevo León.