Technology provider Productive Business Solutions Limited said on Friday it had a regional partnership with Google, one of several projects undertaken this year.
“We are privileged to represent Google,” PBS President Paul ‘PB’ Scott said in response to a question about education initiatives at the company’s annual general meeting in Kingston.
“Google is at the forefront of this revolution. We are fortunate and privileged to work with them in Central America to implement many solutions. It has to be holistic. You can’t just distribute tablets to people and think of it as technology. You have to have a sustainable, global ecosystem,” Scott said.
Most people use Google for search, mail, documents, and YouTube streaming. The American company also offers Google Workspace and Google Classroom as education products.
“People use Google every day in life. It’s just a reality,” Scott said.
Key projects for 2022 recently completed by PBS include Google Workspace for the Ministry of Education in El Salvador, DGII Cisco in the Dominican Republic, 50,000 computers for El Salvador and the technology upgrade at Punta Cana Airport in the Dominican Republic .
Current projects include HCM software for a national bank in Costa Rica, Oracle software license agreements for banks in Honduras and El Salvador, Jamaica, Barbados, and Trinidad and Tobago.
PBS expects its annual revenue to increase by one-third to US$300 million in 2022, from US$224 million last year. It also expects net profit to rise by four-fifths to US$10 million from US$5.6 million.
PBS distributes and services Xerox and other business-to-business technologies in the Caribbean and Central America. Its relationships are with businesses, organizations and governments.
Many of the brands it represents are household names, but PBS itself remains largely unknown to consumers.
“Even without PBS being very visible to some, we still generate US$1 million in a day’s work,” CEO Pedro Paris said in his address to the annual general meeting. “PBS is moving in the right direction. It has an upward trajectory and has a fantastic platform for continued growth,” he said.
Paris added that the pace of growth since the pandemic has led to the company needing more funds to finance the venture. Consequently, PBS approached the market with two preferred stock offerings that raised over $2.7 billion. The offerings were oversubscribed and closed on September 9.
Productive Business Solutions, part of the Jamaican Musson Group, has offices in 20 countries in the region with 2,111 employees, up from 1,600 in 2020.
Paris said the company has engaged in various educational projects since the pandemic, including distributing 26,000 tablets and 800 desktop computers in Jamaica; 69,000 tablets and 2,700 interactive assistants in Guatemala; 1.6 million textbooks printed for the government of Panama, as well as Wi-Fi access; 500 tablets for Honduras; and the deployment by PBS and Google of Teamwork virtual classrooms in Costa Rica.
“These projects could change the lives of 15 million young people,” Paris said.
Since the pandemic, the company’s holdings have grown significantly mainly due to the September 2021 acquisition of a regional business, PBS Technology Group Limited, formerly Massy Technologies Limited. The acquisition added new markets and scale and shifted the product line further into enterprise information technology, communications and advanced services, PBS said.