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EVERTEC Gets Boost From Puerto Rico Tax Gift

Debra Borchardt:

What is the area that your company is spending the most capital on right now?

Peter Harrington:

We're just expanding into the Latin American regions... so we expanded in 2012 into Columbia and we'll continue to do that to expand in the new markets like say Chile or Peru next.

Debra Borchardt:

Is that IT spending, is that what you're doing?

Peter Harrington:

It's more communication. We run the infrastructure in one place in San Juan, and so it's more communication expense to get up and running in these countries.

Debra Borchardt:

What is going to be your biggest challenge this year?

Peter Harrington:

Execution, we signed a number of new customers last year that we have to implement this year and it's a good problem to have at the end of the day.

Debra Borchardt:

Well, their stock has gotten off to a good start this morning, already trending up.

--Written by Debra Borchardt in New York.

>To contact the writer of this article, click here: Debra Borchardt.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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