/24-7PressRelease/ - May 25, 2007 - The investment will give the bank a seat on Optimiza's board of directors, and coincides with Optimiza announcing a number of regional acquisitions to support its growth strategy and plans to become the leading provider of management consulting, technology enablement, and outsourcing services and solutions in the region.
On May 2007, at the World Economic Forum and during a closed session that was presided over by His Majesty King Abdullah II, Optimiza signed three strategic agreements with the Arab Bank, Rasmala, and CA Inc. Furthermore, the launch of Optimiza was announced, positioning the company as the new regional leader in the IT and consulting sector.
Optimiza's Board of Directors and Management believe that consolidations through mergers and acquisitions are the best way forward to cater to the rising demand for professional IT and consulting services in the Middle East region. The growth strategy adopted by Optimiza led to the acquisition of 9 companies spread across the region and across various disciplines of consulting, IT services, training, and outsourcing.
Optimiza will fully integrate the acquired companies into one single organization, employing over 350 professionals and enjoying a fully paid capital of 25 million JDs, serving hundreds of clients and supporting thousands of installations, delivering a wide range of hardware products and software solutions, coupled with solid experience in consulting and project management. The nine acquired companies will be integrated into Optimiza's Regional Offices, the Solutions Center, Optimiza Academy, and the Center of Excellence, which will be part of the Corporate Offices.
With the paid-up capital of 25 million JDs, Optimiza has become the first and, to date, the only IT company in Jordan being publicly traded on the Amman Stock Exchange (ASE: CEBC).
CEO of Optimiza, Mr. Hazem Malhas, stated, "Thanks to our people and our experienced management team, our focus today is on execution and implementation, and our commitment to our customers."
Optimiza Chairman, Mr. Rudain Kawar, added, "Optimiza deploys world class talent, and partners with the best, including HP, Oracle, CA Inc, Microsoft, Cisco, Acer, DELL, and ATKEARNEY. We are continuously raising our own profile, our level of quality, and the number of services we provide, doing so through steady and well-thought out acquisitions throughout the region. We continue to move forward as a company, to consistently meet customer expectations."
Optimiza presently employs over 350 professional in the region. The company further boasts a number of prominent strategic partners and vendors, both regionally and globally, and maintains offices in Saudi Arabia, Jordan,Qatar, and the UAE.
TRACCS Jordan
Maha Al Rawashdeh
Tel: (+962) 6 5924114
Fax: (+962) 6 5924334
Email: jordan@traccs.net
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