b²tec's foreign subsidiaries being consolidated
07/21/2016 | News & Press
In the framework of its business strategy, b²tec assessed the prospects for its existing Legal Entities. From its offices in Toronto, b²tec Software Ltd. Canada will act as the Business Development Unit for international business with an emphasis on North America, LATAM, and Africa. The US subsidiary that was created as a legal shell for handling potential customer projects will be closed, since the market prognosis for SAP Core Banking in the USA is not promising. b²tec Switzerland GmbH will be maintained in order to continue delivering IT services to SAP Banking projects in Switzerland. b²tec Consulting India Pvt. Ltd., Bangalore will continue on in its current size and form, as a personnel hub, and will support international projects with consulting and development services. b²tec Slovakia s.r.o., with offices in Bratislava, is being discontinued as there is no demand for a near-shore delivery in the foreseeable future.