UK-based technology company Innervate has chosen Bahrain to open its first regional office servicing the financial sector.
The move is a welcome boost for Bahrain, which sees information technology and the digital highway as a core pillar of the nation’s Vision 2030 economic diversification plans.
At the official launch event held at the British Embassy in Bahrain’s capital Manama, Zayed R. Alzayani, minister of industry, commerce and tourism and senior management from the Bahrain Economic Development Board (EDB) joined the British Ambassador Simon Martin, Innervate CEO Andy Startin, representatives from the Department of UK Trade and Industry, Bahrain Fintech Bay and Microsoft, together with members of the local business community, to welcome the opening of Innervate Technology.
Innervate specializes in developing customer relationship management technology across different sectors, where finance is its core area of expertise. Innervate’s main clients in the region include the Saudi British Bank, Mitsubishi Bank, Aspen Insurance and Carnival Cruise. With an initial investment of almost $1 million, Innervate plans to recruit employees across various skill-sets ranging from system integrators, data scientists, business analysts and system architects. As a result, Innervate has become the first Microsoft Dynamics 365 Gold partner in Bahrain that mainly focuses on the financial services sector.
Bahrain EDB’s Executive Director, ICT, John Kilmartin said: “We are delighted that Innervate has chosen Bahrain to establish a permanent office in Bahrain that will service clients across the region. This is indicative of their confidence in Bahrain’s rapidly-moving strategy to develop as a regional ICT hub and highlights Bahrain’s attractive environment where companies can experience some of the lowest costs of doing business in the Gulf.”
Innervate CEO Andy Startin said: “The Bahrain Economic Development Board, Fintech Bay, Microsoft and the Department of UK Trade and Industry have truly been inspirational partners to help get our venture off the ground in Bahrain.”