The Cambridge-based company announced that it had set aside US$5 million for its operations in Costa Rica. Newfire will hire at least 90 IT professionals in the country by the end of this year.
The Costa Rican team will support the company’s US clients in the digital health and educational technology sectors.
“The Costa Rican central time zone is ideal for real-time collaboration with our customers, most of whom are in the United States,” explained Stephen Hau, CEO of Newfire Global.
Founded in 2016, Newfire is heavily dependent on Ukraine, where it runs four offices: three in Lviv and one in Ivano-Frankivsk. As the war raged on in March this year, the company tried to shift most of its employees in Ukraine to neighboring Croatia.
This is the company’s first expansion after the war in Ukraine began to disrupt its operations. In Costa Rica, Newfire will focus on hiring professionals with expertise in scrum master, Java developer, React developer, DevOps and AQA.
“We are honored that Newfire Global would choose our country for developing its first operation in Latin America,” commented CINDE, Costa Rica’s investment promotion agency. Jorge Sequeira, Managing Director of CINDE, said the digital technologies subsector employs more than 27,500 people in the country.