EVERTEC was created on April 1, 2004 to provide Payment Processing and Business Process Management. Founded by Popular, Inc., the largest financial institution in the Caribbean, the company enjoys a 27-year track record in the transaction processing industry.
We began our expansion into Central America, Aruba and Curaçao in 2006, the year when our ATH Network members’ cards began to be accepted in New York, under an agreement with NYCE Payments. That year we acquired TII Smart Solutions, a Central American company dedicated to developing financial processing applications and tech equipment sales. With this acquisition, we established an office in Guatemala, and in 2007, we entered the Panamanian market.
In September 2010, Apollo Management, LLC, a leading private equity investor, acquired a 51% interest in EVERTEC. The following year we expanded our services to the Mexican market.
In 2013 we became the first technology company in Puerto Rico to be listed on the NYSE, under the ticker symbol EVTC and we expanded our footprint to Colombia.