jordan pulse -
• Badr Al-Kharafi: The acquisition agreement with STS confirms our commitment to the digital transformation journey in the region
• Computer Technical Services Company (STS), the trusted partner in providing information technology services to the business sector in the region,
announced that ZainTECH - the regional provider of integrated digital solutions Zain Group - has signed an agreement to acquire Computer Technical Services Company - STS, the leading company in providing digital transformation solutions and services and information technology services in the Middle East and North Africa markets.
ZainTECH revealed that this agreement represents an important step in implementing its expansion strategy in the digital sector, and diversifying its business portfolio into infrastructure projects, data, technological innovations, cloud services, and cybersecurity, as it will provide a greater opportunity for its operations to reach the business sector and government agencies and institutions in the markets. Region.
Computer Technical Services (STS) is a reliable partner in providing information technology services to the business sector. Since its establishment in 1989, the company has provided the latest solutions and technologies that contribute to developing the digital transformation scene in the region, as it is committed to enabling its customers to enjoy a true and innovative digital transformation journey. It is one of the companies that provides products that follow the digital infrastructure model that contains multiple hybrid cloud solutions, managed services, in addition to cybersecurity solutions supported by the advanced Cybersecurity Operations Center (STS SOC), and licensing solutions.
The company has helped many institutions grow by providing information technology consulting. STS plays a major role in the revolutionary transformation of the information technology sector in the Middle East region through its offices spread in the Kingdom of Jordan, the Emirates, the Kingdom of Saudi Arabia, Bahrain, and Iraq, where it provides its services within... Three pillars of modern infrastructure services that include infrastructure solutions, cloud computing and cybersecurity solutions.
Badr Nasser Al-Kharafi, Vice Chairman and CEO of Zain Group, said: “This agreement will enhance our investments in the Jordanian market, which witnessed our entry 20 years ago through Zain Jordan, as this step highlights our commitment to the digital transformation journey that we are undertaking in the Kingdom.”
Al-Kharafi explained, “We realize the importance of technological innovations and the momentum they represent for regional economies, and the development opportunities they provide to improve lives. Therefore, we continue to develop and diversify innovative solutions and services, starting with the launch of 5G services, and the acquisition agreement with STS, which specializes in providing integrated information solutions, will enhance... The Kingdom’s position as a leading digital center in the fields of innovation and entrepreneurship in the Middle East markets.”
For his part, ZainTECH CEO Andrew Hanna said, “This deal, with its distinguished team that has a rich wealth of experience, will help us maximize the capabilities of our operations and technological innovations. This deal will enhance the capabilities of the ZainTECH and Zain B2B teams in providing our customer base in the region with comprehensive digital transformation solutions, which is This will serve our main goals of making ZainTech one of the largest comprehensive regional companies that provides digital solutions and services platforms for institutions.”
For his part, Ramzi Al-Zein, CEO of the Board of Directors of STS, said: “The momentum that ZainTECH’s operations have gained since its launch a short period of time ago has been amazing, so we are excited about this cooperation and to support this growth and development in Jordan and in our regional operations in Saudi Arabia, the Emirates, Bahrain and Iraq. The information and communications technology sector is an essential pillar of the national economy.”
In the same context, the co-founder and CEO of STS, Engineer Ayman Mazahra, commented, “Today we are witnessing an important strategic shift in the history of our company, and we are all proud to sign this agreement with ZainTECH, and we are confident that the results that will appear in the near term will be distinctive and significant.” A mark on the digital transformation scene in Jordan and the entire region.”
It is worth noting that STS, which includes more than 350 specialized experts, provides innovative solutions for a distinctive digital environment that includes advanced cloud solutions, its powerful managed services, comprehensive cybersecurity offerings, infrastructure and systems integration capabilities, and training and licensing programs. It provides its services to the financial, government, health, education, communications, and many specialized sectors in the region due to the depth of its long-term strategic partnerships with giants of the information and communications technology sector such as Microsoft, Cisco, Dell Technologies, IBM, Oracle, and other major international companies.
This agreement signed by ZainTECH with STS comes after the acquisition deal it executed on “Adfolex”, which specializes in cloud services and developing digital infrastructure projects last May, which was also preceded by an acquisition deal with “BIOS Middle East”, a leading company in providing... Managed private cloud services in the region.
These technological acquisitions carried out by ZainTECH have led ZainTECH to a better market position in its field, as it strengthens its service portfolio in digital transformation, and made it one of the competitive regional digital entities within a short period of its establishment, as the company aims to provide one of the largest regional providers that provide platforms. Comprehensive digital solutions and services for government institutions and companies in the Middle East markets.
The company believes that the expansion strategy it is successfully implementing in the regional digital innovation arena will enhance its capabilities in providing advanced incubator platforms for a wide range of managed solution options for cloud services, cybersecurity, data services, digital solutions, drones and robots.
Please note that PWC / Strategy& advised ZainTECH and Lumina Capital Advisors advised STS on this transaction.
DLA Piper was the legal advisor to ZainTECH and Clyde & Co was the legal advisor to STS.
This acquisition is subject to regulatory approvals and legislation.