3/3/2008 Riyadh, Saudi Arabia

ITWorx, a leading global software services organization, has established a local presence in Saudi Arabia to cater to the soaring technological needs of the Kingdom. Saudi Arabia’s aggressive long-term plan will provide e-services to consumers, businesses, and government agencies throughout the Kingdom, with government spending on ICT expected to hit US$3.8 billion over the next two years.


Located in Riyadh, ITWorx’s local office will bring access to the software company’s 15 years of experience and 700 professionals to its existing and potential customers in KSA, extending the reach of ITWorx’s expertise in Portals, Content Management, E-Commerce, Business Intelligence, and SOA solutions.


“The Kingdom of Saudi Arabia is one of the fastest growing ICT markets in the Middle East, and the largest. Our new office in Riyadh puts us where the market needs us, creating an on-the-ground relationship with customers and partners,” explains Hafez Hamdy, Marketing Director, ITWorx. “Our new office allows us to fulfill needs specific to the KSA market, respond faster to these needs, and build long-term relationships that will help us realize our customers’ business objectives.”


As part of its support of the Saudi initiative towards greater ICT E-adoption, ITWorx will be a sponsor as well as an exhibitor at the Middle East e-Government Conference & Exhibition to be held at the Four Seasons Hotel in Riyadh from the 15th-18th of March.


ITWorx will also be showcasing its services and products as a Gold Sponsor of the Microsoft Technology Launch Wave event taking place on the 1st of March at Le Méridien, Khobar, the 3rd of March at the Four Seasons Hotel, Riyadh, and the 5th of March at Jeddah Hilton Hotel, Jeddah.


ITWorx allows its customers to concentrate on their competencies by leveraging successful projects within the Government, Education, Telco, and Banking & Finance sectors. Some of ITWorx’s key customers in KSA include the Municipality of Jeddah, the Saudi Ministry of Labor, and the Saudi Ministry of Health. ITWorx’s regional customer footprint includes the UAE Ministry of Education, ictQatar, the University of Sharjah, and du. Key partnerships include Microsoft, BEA, and Vignette.


At the beginning of this year, EuroMena Fund, a private equity fund sponsored by Capital Trust Group, Venture Capital Bank, and Proparco purchased 79% of ITWorx. Over the last five years, ITWorx has achieved phenomenal growth and this majority stake acquisition by the joint investors will support the company’s continued global and regional growth.


ITWorx’s new office aims at enhancing overall customer experience locally from pre-sales through to post-implementation support. The software company’s office will provide ITWorx’s latest range of products and services to the Kingdom’s rising need for Portals, Business Intelligence, SOA, and Application Development Outsourcing services. Through this office the Saudi market will have access to ITWorx’s world-class offerings by means of its hybrid and offshore project development models and customer-centric products and solutions.