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Dimension Data Acquires Major Stake in Dubai Based DPS

Dimension Data, a global provider of services and solutions for the information and communications technology (ICT) industry, is looking to buy more companies across the Gulf region following its acquisition of 51 per cent of UAE-based Data Processing Systems (DPS).

The immediate intention is to acquire a company in Saudi Arabia that can railroad its operations in the biggest Arab economy and also in Qatar, which is growing rapidly, according to Saki Missaikos, Dimension Data’s executive director for sales, Middle East and Africa.

“We have been looking to acquire companies in the Gulf region as part of our three- to five-year geographic expansion,” he said. “We intend to buy one in Saudi Arabia and we’re also talking with a company in Qatar, where we can possibly close the deal before December.”

The UAE operations of Dimension Data, headquartered in the South African capital of Johannesburg, are now under Dimension Data UAE after the DPS acquisition, whose sum remained undisclosed. DPS is an IT systems integrator and has a 25-year experience in the UAE market.

Missaikos said his company has 54 ongoing projects across the Gulf, with values ranging from Dh100,000 to Dh30 million each and delivery within the first four months of the year. The contracts mainly involve ICT services for telecommunications and real estate companies.

“The telcos and real estate sector are our biggest clients, and we see further growth in our business with these industries over the next few years,” he added.

But he specially mentioned Saudi Arabia’s Al Inma Bank as a major client. He said that Dimension Data is setting up the networking, telephony and IT security requirements of the bank, which launched a Dh10.3-billion ($2.8 billion) initial public offering early this month and has its first 25 branches in Riyadh.

He said the bank has an “aggressive plan” for expansion, and that Dimension Data’s contract with it may be extended for 18 months. The project’s first-phase will be delivered in September.

Allan Cawood, CEO of Dimension Data for the Middle East and Africa, said that with DPS and other service partners in the Gulf, the company aims to achieve a significant growth from its last year’s total turnover of Dh13.6 billion ($3.7 billion).

Dimension Data provides ICT services and solutions for network integration, security for IT infrastructure, data storage, converged communications and customer interactive solutions. It service partners in the region include Microsoft and Cisco, among others.

Siddeek Rahim, managing director of Dimension Data UAE, said the company is seeing tremendous opportunities across the construction, hotel and financial services industries due to the trend of adopting ICT solutions in environment-friendly buildings and other structures. (via Khaleej Times)

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