Jordanian group acquires MenaITech
Amman, June 22, 2011
MenaITech, a regional company specialised in building and deploying human resources applications, has been acquired by a Jordanian investor group.
The acquisition process included 100 per cent of MenaITech's shares and was coherent with its accumulated accomplishments and successes, said a top official.
Welcoming the acquisition process, CEO, Dr Bashar Hawamdeh said this coincided with MenaITech's growth plans and its desire to strengthen global presence by increasing exports to the targeted markets.
He said the move was part of its ongoing expansion strategy. “It will assist in the company’s expansion strategy and its interest to penetrate new markets, while maintaining trust in its capabilities which, for many years, have managed to compete against international products and solutions,' he remarked.
'In the upcoming stage, we look forward to increasing our market share and opening new offices that will belong to MenaITech’s network of branches in Jordan, Saudi Arabia, Qatar, UAE, and USA.” Dr Hawamdeh said.
MenaITech chairman Habib Ghawi said: “We have great faith in MenaITech’s history, future, and ability to expand its presence in major global markets, having achieved extraordinary successes due to its expertise and technical programming capabilities.'
'We are thrilled about investing in MenaITech and joining its outstanding team,' Ghawi noted.
The company's products include HR information management system MenaHR, payroll & personnel solution MenaPay, staff & manager self service solution MenaME, staff 360 degree feedback evaluation software Mena360, comprehensive HR consolidation and analysis module MenaExplorer besides the cellphone notification service MenaSMS.
“In the past few months, MenaITech has proven its ability to double its Arab market share signing key deals for deploying HR applications in firms such as Olayan, Hikma Pharma, Baeshen and Mustang Al-Hejailan,' he added.-TradeArabia News Service