KINGSTON, Jamaica–Digicel Group has acquired a controlling interest in financial services powerhouse, Prism Holdings, for an undisclosed sum, it was announced yesterday.
Established in 1993 in Barbados by Edward Ince and Mike Parris, Prism Holdings is a privately-held business to business company operating in 22 countries with regional headquarters in Barbados, and offices in The Bahamas, Jamaica and T&T. It provides payment systems, information management, data centre services, loyalty processing and financial transactional processing.
Digicel Group CEO, Colm Delves, said: "As we continue to expand our range of products and services consistent with the convergence of digital communications, we are delighted to welcome Prism to the Digicel family.
"Edward and Mike have done a tremendous job in making Prism a highly successful pan-Caribbean business and we look forward to working with them and their team to grow the business and expand the range of products and services."
Expressing their delight at the deal, co-managing directors of Prism Holdings, Edward Ince and Mike Parris, who will be staying in their positions, said: "This move means accelerated growth for our business and gives us the ability to take advantage of bigger opportunities coming down the track. Digicel is the right strategic partner for us and we are looking forward to growing together."
Digicel Group is a total communications and entertainment provider with operations in 33 markets in the Caribbean, Central America and Asia Pacific.After more than 14 years of operation, total investment to date stands at over US$5 billion worldwide.
Digicel is the lead sponsor of Caribbean, Central American and Pacific sports teams, including the Special Olympics teams throughout these regions. It sponsors the West Indies cricket team and is also the title sponsor of the Caribbean Premier League.
