tTech Limited, a Jamaican-based managed IT services provider, convened its annual general meeting (AGM) at the Courtleigh Hotel in New Kingston last Thursday (June 13).

The AGM approved four proposed resolutions, by a majority, which included the re-election of retiring directors Gordon Christopher Reckord, Norman Chen, and Richard Downer, as well as the re-appointment of auditors, CrichtonMullings & Associates Chartered Accountants, and the fixing of the remuneration for the directors.

Reflecting on the company’s performance in 2023, Hortense Gregory-Nelson, finance and administration manager, highlighted the year’s financial achievements.

“tTech’s strategy to focus on team engagement, customers’ satisfaction, and enhancing financial performance resulted in a successful 2023. The company recorded J$463.4 million in revenues, which was a 23.8 percent increase from 2022, and a profit after tax of  J$20.5 million, compared to a loss of J$ 22.8 million in the prior year. Our success stemmed from leveraging our expertise in high-value services, implementing several cost-saving measures, and operational optimizations,” she noted.

tTech chief executive Norman Chen attributed the year’s results to strategic initiatives that emphasized team development, customer relations and the company’s focus on delivering advanced cybersecurity solutions.

“During the year, we undertook a robust training and development programme aimed at nurturing leadership skills among our team members. This investment empowered our staff to effectively manage, motivate, and cultivate exceptional talent within our organisation,” Chen shared.

“We have seen significant growth in our security portfolio, reflecting our commitment to innovation and meeting the evolving needs of our clients. Looking ahead, we foresee opportunities in cybersecurity and leveraging emerging technologies such as Artificial Intelligence (AI) to enhance efficiency and create value for our customers,” he continued, expressing optimism about tTech’s future.

The AGM also included a heartfelt tribute to the late Hugh O’Brian Allen, former founding partner and tTech board member, who passed away in April 2024.

Sharing a heartfelt tribute, founder and executive chairman, Edward ‘Teddy’ Alexander, who chaired the meeting expressed, “Hugh was a powerful force in the company and demonstrated an unsurpassed level of commitment – a lesson for all of us to emulate”.