• BDO and iThink Panama complete their merger process

BDO and iThink Panama complete their merger process

16 August 2021

  • BDO in Panama and iThink Panama formalize an acquisition process that, after a year and a half of the pandemic, reinforces the commitment to innovation.
  • Guillermo Grimaldo, founder and CEO of iThink Panama, joins the group of 13 partners in Panama.

BDO in Panama, a professional services firm specialized in Audit, Tax, Advisory, Consulting, Legal and Business & Outsourcing Services with more than 30 years of experience in the country, announced today the acquisition of IThink Panama technology consultancy. 

According to Gartner - one of the leading information technology consultants and researchers - 87% of senior company directors say that digitization is a company priority, but only 40% of companies have implemented digital initiatives. Understanding this reality, digital transformation becomes one of the most important needs in an increasingly competitive market and for which BDO anticipates.


Bet on leadership and innovation

With more than 10 years of presence in the market, iThink Panama is currently one of the reference companies in the technology consulting sector. Its acquisition allows BDO to strengthen its presence in the market with a team specialized in consulting in Data Analysis, Data Platform, Robotic Process Automation (RPA) and AI & Machine Learning, among others. 

The incorporation of iThink Panama will allow BDO to expand its consulting expertise through a portfolio of comprehensive services adapted to a context marked by the need for efficient and secure digital solutions.

For Rafael Rivera, Managing Partner of BDO in Panama, “the acquisition of iThink Panama has a special importance in these complex times, as we continue to advance in our strategy of growth and strengthening of our operations. Together with iThink Panama, we will consolidate our leadership in the market, and we will be better in capacity and talent, with an innovative value offer that is adapted to the present and future of business consulting. We are very pleased and excited about the impact that this union will have for the benefit of our clients". 

Guillermo Grimaldo, CEO of iThink Panama stated that: “I am proud to join a company with the trajectory and global support of BDO, with which we have been associating for many years and know their high commitment to their clients. I am convinced that the professional experience of iThink Panama of more than 10 years, the knowledge that we have in terms of technology and our solid team will be a significant contribution to this stage of expansion and growth of BDO in Panama. Together we are committed to positioning ourselves as major players in the industry, offering the market a robust offer that meets the expectations of companies in our country and in the international market”.

With the operation, BDO integrates the capabilities and solutions in digital transformation that have catapulted iThink Panama as a pioneer company for Panama and the Central American region. At the same time, the commitment of both companies to innovate and anticipate the trends that will shape the future of business is reaffirmed.