Nearshore Americas
equifax bet costa

Equifax Raises Bet on Costa Rica; Invests $15 Million

Data analytics services provider Equifax is set to expand its Costa Rican operations with an investment of US$15 million and more than 600 new employees.

The Atlanta-based company already employs around 1,400 people in Costa Rica, its largest operations outside the United States.

When Equifax first installed an office in the capital city of San Jose in 1995, it was one of the best five foreign multinationals in Costa Rica’s knowledge services industry.

Its operations in the Central American country took a jumpstart in 2016, when it established a mega shared services center in the Heredia Free Zone, providing services in areas such as cybersecurity, finance, accounting, IT and customer service.

“We leverage the Costa Rican talent and their skills in technology. This has made it possible for us to grow Equifax’s technology exports over the course of the last five years at a rate six times faster than the national average,” said Jairo Quirós VP of Equifax in Costa Rica.

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US firm has been treading carefully since September 2017, when reports emerged that cybercriminals had broken into its systems and stolen a large amount of sensitive data.

In Costa Rica, Equifax has advised CINDE, the country’s investment promotion agency, to teach cybersecurity to students in technology schools.

Narayan Ammachchi

News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.

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