Gateway is pleased to announce the completion of the acquisition of TerraCIS Technologies Limited (“TTL”) together with our investor consortium partners, Quantela Inc. and Avenue Capital Group. TTL is an India-based IT services company providing digitization services and the implementation of smart cities, with a majority stake in a Philippines-based digital land registry business.
Emerging market governments, including Philippines and India, are increasing their budget allocation to robust digital infrastructure, with the automation and digitalization of services for their citizens representing two key focus areas.
In partnership with the investor consortium, Gateway is pleased to be unlocking the next phase of growth for this important digitalization initiative. Furthermore, we are proud that our capital and strategic support will help remove access barriers to data through digitalization, thereby improving outcomes for governments, cities and their citizens.