In yet another deal underlining the importance of cloud service provision, ZainTech, the one-stop digital and ICT solutions division of Zain Group has agreed to acquire managed cloud provider BIOS Middle East.
BIOS Middle East is a regional managed secure cloud provider with a presence in the United Arab Emirates, Saudi Arabia and Oman. Since its establishment in 2002, BIOS has served over 300 global and regional customers by offering managed services and cloud solutions with 24x7x365 support and a measurable SLA. CloudHPT, Amazon Web Services, Microsoft Azure, managed multi-cloud access, security as a service, infrastructure as a service, and disaster recovery as a service are just a few of the capabilities provided by over 140 BIOS professionals across the region.
The acquisition, subject to regulatory approvals, will result in the full migration and integration of BIOS Middle East’s operations within ZainTech over the next 12-18 months.
Commenting on the agreement, Bader Al Kharafi, Zain Vice-Chairman and Group CEO said: “This deal represents a major step in ZainTech’s expansion strategy and our determination to transform Zain into a leading ICT and digital lifestyle provider. ZainTech is a key part of Zain's value accretive '4Sight' strategy centred on evolving Zain's core telecom business to maximize value and build on the company's many strengths to selectively invest in growth verticals beyond standard mobile services.”
Andrew Hanna, ZainTech CEO added: “ZainTech is a young company focused on becoming a leading technology partner to corporates and governments in the region. We look to achieve this through organic growth and acquisitions of value-adding companies. The decision to acquire BIOS was driven by its relevance, presence, leadership, market access, and expertise.”
ZainTech t o acquire managed cloud provider
In yet another underlining the importance of cloud service provision, ZainTech, the one-stop digital and ICT solutions division of Zain Group has agreed to acquire managed cloud provider BIOS Middle East.
BIOS Middle East is a regional managed secure cloud provider with a presence in the United Arab Emirates, Saudi Arabia and Oman. Since its establishment in 2002, BIOS has served over 300 global and regional customers by offering managed services and cloud solutions with 24x7x365 support and a measurable SLA. CloudHPT, Amazon Web Services, Microsoft Azure, managed multi-cloud access, security as a service, infrastructure as a service, and disaster recovery as a service are just a few of the capabilities provided by over 140 BIOS professionals across the region.
The acquisition, subject to regulatory approvals, will result in the full migration and integration of BIOS Middle East’s operations within ZainTech over the next 12-18 months.
Commenting on the agreement, Bader Al Kharafi, Zain Vice-Chairman and Group CEO said: “This deal represents a major step in ZainTech’s expansion strategy and our determination to transform Zain into a leading ICT and digital lifestyle provider. ZainTech is a key part of Zain's value accretive '4Sight' strategy centred on evolving Zain's core telecom business to maximize value and build on the company's many strengths to selectively invest in growth verticals beyond standard mobile services.”
Andrew Hanna, ZainTech CEO added: “ZainTech is a young company focused on becoming a leading technology partner to corporates and governments in the region. We look to achieve this through organic growth and acquisitions of value-adding companies. The decision to acquire BIOS was driven by its relevance, presence, leadership, market access, and expertise.”
