The Massy Group has ex­it­ed the in­for­ma­tion tech­nol­o­gy and com­mu­ni­ca­tions busi­ness with the sale of two of its com­pa­nies, Massy Tech­nolo­gies (Trinidad) Ltd and Massy Tech­nolo­gies (Guyana) Ltd.

On Sep­tem­ber 30, the Massy Group sold the two com­pa­nies to PBS Tech­nol­o­gy Group Lim­it­ed (PB­STG) which is owned by the Mus­son Group.

The Mus­son Group of Ja­maica is “a long-es­tab­lished com­pa­ny which con­trols sev­er­al list­ed com­pa­nies in the re­gion” a no­tice of the sale an­nounced by Massy on the T&T Stock Ex­change stat­ed.

“Al­though the sale of this busi­ness rep­re­sents a di­vest­ment of a small per­cent­age (three per cent) of the Massy Group’s to­tal as­sets, it means that massy hax ex­it­ed its in­for­ma­tion tech­nol­o­gy and com­mu­ni­ca­tions busi­ness,” it stat­ed.

In a re­lease from the Mus­son Group, the com­pa­ny de­scribed Massy Tech­nolo­gies as one of the largest and most promi­nent ICT providers in the re­gion.

“Massy Tech­nolo­gies owns a high-qual­i­ty port­fo­lio of mis­sion-crit­i­cal tech­nol­o­gy and com­mu­ni­ca­tions busi­ness­es and is man­aged by an ex­cep­tion­al team of tal­ent­ed pro­fes­sion­als. We are priv­i­leged to wel­come them to the Mus­son Group,” Chair­man and CEO, Mus­son Group, Paul B Scott stat­ed.

For­mer chief ex­ec­u­tive of­fi­cer of Massy Tech­nolo­gies Ian John is the CEO of PB­STG.

“Fol­low­ing a tran­si­tion pe­ri­od and req­ui­site ap­provals par­ent com­pa­ny Mus­son Group in­tends to com­bine PBS Tech­nol­o­gy Group and Pro­duc­tive Busi­ness So­lu­tions to cre­ate the dom­i­nant in­for­ma­tion tech­nol­o­gy so­lu­tions provider across the Caribbean and Cen­tral Amer­i­ca,” it stat­ed.

The com­bined busi­ness­es are ex­pect­ed to cre­ate an “un­ri­valled plat­form” to have over US$250 mil­lion of an­nu­al rev­enue and will op­er­ate in 19 coun­tries and have over 2,100 IT pro­fes­sion­als.

“Our team has built a lead­ing in­for­ma­tion tech­nol­o­gy and com­mu­ni­ca­tions busi­ness with long-stand­ing clients, deep re­la­tion­ships with glob­al ven­dors and strong tech­ni­cal ca­pa­bil­i­ties,” John is re­port­ed to have said.

“We are pleased to be join­ing the Mus­son Group. We share a com­mon be­lief in the growth op­por­tu­ni­ty ahead of us and look for­ward to work­ing to­geth­er to take the busi­ness to the next lev­el,” John stat­ed.