Thu | Nov 30, 2023

Digicel takes a stake in Symptai

Published:Tuesday | December 14, 2021 | 6:02 PM
Digicel headquarters, downtown Kingston.
Digicel headquarters, downtown Kingston.

Telecommunications company Digicel Group has acquired a stake in Symptai Consulting Limited, as part of its plan for more data technology offerings.

Neither the size of the stake nor the value of the transaction was disclosed.

“The terms of the deal are confidential. The partnership with Symptai enables us together to offer more complete solutions to a wider range of customers across the region,” said Antonia Graham, head of communications at Digicel Group.

“Essentially, we’re talking enhanced reach, scale and capabilities, meaning superior service delivery for our customers,” she said.

Founded in 1998 in Jamaica by Andrew and Michele Simpson, Symptai Consulting offers data security services to Caribbean clients.

“The key word here is opportunity. This partnership with Digicel Business means investment, expansion and job creation,” said Symptai Marlon Cooper in a joint press release with Digicel.

The company specialises in anti-money laundering and counter-financing of terrorism, cyber and information security, and data privacy and protection.

Prior to the Digicel deal, the shareholders of Symptai Consulting included Marlon Cooper, Michele Simpson, Andrew Simpson, Andrew Nooks, Alka Jain, Alicia Perez, Rory Ebanks, Korah-Jane Jude, Andre Palmer, Michael Philibert and Nicole Forbes, according to Companies Office of Jamaica records.