- Key Technical Resources is a company based in Fort Lauderdale, Florida (USA), dedicated to providing Information Technology services.
- Teknei USA aims to generate $20 million in revenue in 2024, representing approximately 15% of the overall business volume of the Teknei Group.
Bilbao, January 10th, 2024 -
Teknei, a technology consulting company based in Bilbao, has acquired the US-based company Key Technical Resources Inc., following its expansion plan in the international market.
Key Technical, headquartered in Fort Lauderdale, Florida, specializes in IT staffing with technological profiles in the field of cybersecurity (NOCs) and application development in various programming languages. With this acquisition, the first within the new 24-28 Strategic Plan, Teknei takes its initial steps into the US market for Information Technology services.
Thanks to this initiative, one of its top strategic actions that Teknei plans to replicate in different states, the technology group aims to develop a commercial team in the USA, open new offices, and achieve rapid growth. Teknei USA aims to generate $20 million in revenue in 2024, representing approximately 15% of the overall business volume of the Teknei Group, estimated at around 130 million euros for this year.
With the acquisition of Key Technical, Teknei expands its team with over 25 professionals in the USA and a growing portfolio of leading clients in aviation, credit analysis and risk assessment, as well as international banks, among others.
Kathy Gallagher, CEO of Key Technical Resources, states that "Key Technical's 24 years of presence in the market are the key foundation for the growth of Teknei USA." "We are proud to join forces with a global leader in Information Technology services to enhance immediate development opportunities," adds Gallagher.
Luis Pintado, General Manager of Teknei USA, points out that "this acquisition marks the first step in the execution of Teknei's 24-28 Strategic Plan in the region and lays the groundwork for accelerated commercial growth of our technological services in one of the most attractive, complex, and competitive markets worldwide."
The US Information Technology services market is expected to reach a volume of $461 billion in 2024 and surpass $630 billion in 2029. Some of the fastest-growing services include applications on Generative Artificial Intelligence (LLM applications), cloud-native services and platforms, as well as platforms for data management and exploitation. This market is the largest globally, holding a 50% share of global IT services.
"It is exciting what awaits us in the next 5 years in the field of our digital industries: a tremendous increase in the productivity of companies and the public sector with the implementation of new IT technologies and the use of Artificial Intelligence, which will make our predictions and decisions more accurate, scientific, and consequently with better results," says Teknei CEO, Joseba Lekube. "We are thrilled to collaborate with our North American clients in this exciting challenge. For Teknei, this journey is just beginning, and from our headquarters in Bilbao, we are excited to grow in markets as demanding and competitive as the USA," Lekube adds.
With this strategic acquisition, Teknei strengthens its position as a global reference in technology consulting and establishes its presence in the US market, reaffirming its commitment to offering technological solutions and services to the global market."