Prospanica to Acquire Techqueria: Uniting Forces
A bold step forward as Prospanica expands its reach, bringing the nation's leading Latino tech community under its umbrella.
Prospanica, the Association of Hispanic MBAs and Business Professionals, has announced its agreement to acquire Techqueria, a leading nonprofit dedicated to advancing Latino representation in the tech industry.
Empowering Latino Professionals
The proposed acquisition, which remains subject to regulatory approval, symbolizes a transformative partnership that will unite business acumen with technological innovation. By combining these two dynamic communities, Prospanica and Techqueria aim to create a powerful force that promotes Latino excellence across every sector.
Thomas Savino, Chief Executive Officer of Prospanica, stated, "This agreement represents the next chapter in our mission to empower the Latino community through education, opportunity, and leadership. By integrating Techqueria's vibrant network with Prospanica's legacy, we're building a future where Latino professionals can truly shine in every field."
A Movement Beyond Acquisition
This milestone is not merely an organizational transformation; it is a signal for a national movement that amplifies Latino leadership at the intersection of business and technology.
Upon finalizing the acquisition, Prospanica and Techqueria plan to broaden opportunities for their members through shared leadership programs, mentorship networks, national summits, and professional development initiatives that seamlessly bridge the worlds of business and technology. This alliance will enhance access to scholarships, thought leadership, and corporate partnerships aimed at increasing Latino representation in high-level leadership positions.
Strength in Collaboration
“Our expanded community reflects the tenacity, creativity, and resilience of Latino professionals across industries,” Savino added. “Together, we are reshaping leadership, fostering innovation, and crafting a more inclusive future for all.”
Two Strong Legacies Combine
Founded in 1988 at UCLA as the National Society of Hispanic MBAs (NSHMBA), Prospanica arose with the mission to increase the number of Hispanic MBA graduates and aid their professional advancement. Starting as five local chapters, it has evolved into a national organization encompassing over 50 chapters, empowering many professionals via scholarships, mentorship, leadership programs, and career opportunities.
On the other hand, Techqueria has been pivotal for Latino empowerment in the technology sector. Its network of innovators, engineers, and tech leaders has cultivated an ecosystem that champions mentorship, equity, and representation in one of the most transformative fields today.
“For Techqueria, this partnership embodies the possibilities when we unite as a community rooted in representation and opportunity,” shared Joliz Cedeño, Executive Director of Techqueria. “Partnering with Prospanica allows us to build vital connections between business and technology, ensuring Latino professionals not only thrive but also shape the future of innovation.”
About Prospanica and Techqueria
Founded in 1988, Prospanica focuses on empowering Hispanic professionals to realize their full educational, economic, and social potential. With over 50 chapters across the country, Prospanica offers scholarships and leadership programs tailored to foster growth and success across various industries.
Techqueria is a national nonprofit dedicated to supporting and advancing Latiné professionals in the technology space. With a community exceeding 20,000 members across ten chapters, Techqueria champions representation, opportunity, and leadership through mentoring, networking, advocacy, and community-building—cultivating spaces where Latiné professionals can connect, grow, and lead together.
Frequently Asked Questions
What is the significance of Prospanica's acquisition of Techqueria?
The acquisition aims to unite the strengths of both organizations to enhance Latino representation in business and technology, fostering opportunities and leadership for the community.
How will the acquisition impact Latino professionals?
The partnership will expand access to scholarships, mentorship programs, and national summits, thereby enhancing professional development for Latino professionals across various sectors.
Who leads Prospanica and Techqueria?
Prospanica is led by CEO Thomas Savino, while Techqueria is headed by Executive Director Joliz Cedeño, both of whom emphasize empowerment and representation for the Latino community.
What programs will be offered post-acquisition?
Following the acquisition, members can expect an expansion of leadership initiatives, mentorship networks, and opportunities that bridge business and technology sectors.
How can one learn more about Prospanica and Techqueria?
To stay updated on developments and opportunities arising from this partnership, individuals can visit the official websites of Prospanica and Techqueria to learn more.
