Atos Origin Middle East buys German subsidiary Escador. Check it out:
(Gulf News Via Thomson Dialog NewsEdge) Dubai: Atos Origin Middle East (AOME) has bought the German subsidiary, Escador from LBI International AB (LBI) in an all share transaction giving LBI a 10 per cent ownership interest in AOME and creating a strategic alliance between LBI and AOME in the Middle East.
Escador is the leading German company providing customer relationship management (CRM) system implementation services to corporations, which makes it highly complementary to the enterprise system development services offered by AOME. AOME will expand its CRM services in the Middle East. This expansion is driven by customer demand from existing clients and the strong economic development in the Middle East's CRM market.
AOME CEO Ferras Zalt states, "The purchase of Escador and the alliance with LBI in the Middle East catapults AOME in its service offerings to clients in this region. We are experiencing the stage of economic market development that is unprecedented in this region.
Companies that started in the Middle East are now looking for digital solutions that not only attract customers in this region but that position them to sell services and products around the world. The alliance with LBI combines the market leader in technology services in the Middle East with the number 1 European digital services and branding company."
AOME is the leading full-service systems integrator, servicing clients in all the countries of the Middle East and North Africa.
"The purchase of Escador and the alliance with LBI in the Middle East catapults AOME in its service offerings to clients in this region."
Copyright 2006 Al Nisr Publishing LLC. Source: Financial Times Information Limited.
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