Celeres Capital, an investment and advisory firm based in San Juan, announced that Puerto Rico has secured a leadership role in communication technology with the launching of the 5G Zone initiative. The project is primed to enable companies, government entities, and academia to test applications and develop new uses for 5G networks, securing Puerto Rico’s future […]
The University of Puerto Rico announced it will invest some $8 million to develop new innovation and technology centers, as well as student counseling and support programs over the next five years. The funding comes from the U.S. Department of Education, which approved grant proposals submitted by the UPR’s Cayey, Carolina and Aguadilla campuses. With […]
Thoma Bravo, a private equity investment firm founded by Puerto Rican entrepreneur Orlando Bravo, announced the sale of its portfolio company Ellie Mae to Intercontinental Exchange (ICE), in a deal worth $11 billion. Ellie Mae, based in Pleasanton, CA with approximately 1,700 employees, was founded in 1997 with a mission to automate and digitize the […]
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