Pharos Solutions Announces Major Expansion in Puerto Rico
Technology company Pharos Solutions Inc. has announced a significant expansion in Puerto Rico, involving a multimillion-dollar investment in technology, infrastructure, and local talent. This move is set to generate 118 highly skilled jobs with an estimated payroll of $13 million, bolstering the company's operations on the island.
Pharos Solutions CEO David Sturt (LinkedIn)
Government Support and Economic Impact
The expansion is supported by the Department of Economic Development and Commerce (DDEC), which has provided incentives totaling $640,000—$590,000 for job creation and $50,000 for marketing support. Governor Jenniffer González Colón emphasized that this investment aligns with strategies for economic growth and digital transformation in Puerto Rico, highlighting the creation of well-paying jobs and the island's potential to compete globally.
Company Background and Specialization
Founded in 2021 as a spin-off from Rock Solid Technologies, Pharos Solutions specializes in enterprise resource planning (ERP) system implementation, technology integration, and custom software solutions for clients in the United States, the Caribbean, and Canada. As a Microsoft Gold Partner, the company is recognized for its excellence in enterprise integration services and advanced digital solutions.
Job Opportunities and Talent Development
The expansion plan includes hiring for roles such as software engineers, analysts, quality assurance specialists, accountants, and certified project managers, with salaries competitive with those in the continental United States. Pharos also maintains internship, scholarship, and training programs in partnership with the University of Puerto Rico and other local institutions to develop technology professionals on the island.
Vision for the Future
CEO David Sturt stated that the investment is not just about business growth but also about investing in people, innovation, and positioning Puerto Rico as a global technology hub. He highlighted the integration of artificial intelligence and next-generation solutions into their work, demonstrating that world-class software can be developed locally.
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