stc Continues its Qualitative Investments via its Subsidiary, ‘Solutions’

With the announcement of Solutions Company, a subsidiary of stc Group, the leading enabler of digital transformation in the region, that it has signed a binding offer with Devoteam SIS (France) and Ortel to acquire 40% of Devoteam Middle East, a leading company in the field of innovative digital business consulting, stc group continues to implement the continuous expansion and growth strategy after entering into promising sectors and qualitative investments.

This step, after its completion and obtaining approvals from the relevant regulatory authorities, enhances the capabilities of stc Group in the information technology sector and enables digital transformation through an integrated system of subsidiaries specialized in digital infrastructure, the Internet of Things, cloud computing, cybersecurity and financial services. Digital and business outsourcing services. This announcement also comes after the group’s announcement, two months ago, of its entry into the European market through the acquisition by its subsidiary, “Tawal”, of the assets of the United Group’s communications towers.

Devoteam Middle East, which is part of the global Devoteam Group, has a local and regional presence and has international expertise that enables it to provide digital strategic services and business transformation, in addition to data analysis, artificial intelligence and business automation.

This deal comes within stc’s strategy to “dare” to continue expansion and growth in digital infrastructure, information technology and emerging technologies as a leading national company in the region and a digital enabler to achieve the goals of the digital economy.