HP Acquires Atos Origin ME
HP has signed a definitive agreement to acquire the Atos Origin Middle East group (AOME), a leading Middle East systems integrator, to broaden its consulting and integration capacity in the region. AOME is a privately held group of companies composed of Atos Origin Middle East Ltd. (Saudi Arabia); Atos Origin Middle East SAS; AOME Holdings ltd.; Escador GmbH; Aptitude Management Consulting WLL and Atos Origin Middle East FZ-LLC. AOME, a major implementer of SAP projects, is headquartered in Bahrain and employs more than 450 people primarily in its offices in Saudi Arabia, Bahrain, the UAE, Qatar and Libya.
“The Middle East is one of our fastest growing markets and this acquisition expands our ability to better service the needs of our customers,” said Ken Willett, VP and MD, Middle East, Mediterranean and Africa, HP. “In addition, AOME’s proven ability to design, deploy and support large-scale enterprise resource planning systems based on SAP will help us capitalize on this fast-growing market.”
The acquisition is expected to deliver three key strategic assets to HP: enhancement of the company’s SAP capabilities in the Middle East; reinforcement of HP’s expertise in two key market segments — the public sector and oil and gas; and, the extension of HP’s geographic presence into Libya and Qatar.
“This is an exciting day for all of us at AOME. Joining HP’s professional services team gives AOME the ability to be globally supported technically, gives us the financial strength to be able to better support our clients, and allows us to compete for large infrastructure projects in the region,” said AOME’s CEO Ferras Zalt. “AOME’s consulting skills with HP’s global reach and knowledge will help our clients in the region meet their business challenges.”
The acquisition is subject to certain customary closing conditions. The transaction is expected to be completed in November.
Guava Launches in Riyadh
AurionPro in strategic alliance with CCK Financial Solutions Ltd. have partnered to offer Guava Integrated Treasury Solution. This top-end business solution — specifically designed to serve the GCC Banking and Finance sector — was launched at a seminar in Riyadh yesterday and the corporate road show now continues on to Kuwait and Bahrain.
Guava offers fully integrated coverage of all treasury operations from dealing, through to risk, operations, accounting, and reporting. Guava provides customers with one solution that covers all their treasury requirements, in addition to covering a broad and extensive range of financial instruments in: money markets, fixed income, equities, foreign exchange, derivatives, corporate lending and Islamic treasury products.
