Thursday 20 June 2024

Beyon Solutions and Link Development officials sign the agreement

Beyon Solutions to acquire top software solutions provider

MANAMA, May 15, 2024

Bahrain-based Beyon Solutions, part of the Beyon Group, has entered into an agreement to acquire a controlling stake in Link Development, a leading regional provider of software solutions for digital transformation, with operations in Egypt, Saudi Arabia and the UAE.

The deal was signed at Beyon’s Campus in Hamala, Bahrain, on May 14, by Beyon Group CEO and Beyon Solutions Chairman Mikkel Vinter, Karim Beshara, Managing Partner of A15, a major shareholder of Link Development, and Link Development CEO Hesham El Beih.

Beyon Digital CEO Shaikh Mohamed bin Khalifa Al Khalifa, Beyon Solutions CEO Nicholas Toon, Link Development CCO Asser Ramadan and senior management from both parties were also present at the signing event.

Link Development is focused on supporting private and public organisations in their digitisation strategies, with an extensive footprint through seven regional offices and a strong workforce exceeding 700 professionals, that has forged a reputation for delivering innovative solutions to an expansive clientele.

Beyon Solutions is a digital transformation system integrator delivering scalable, efficient, and secure outcome focused solutions to organisations.

The company witnessed rapid growth due to its clear strategy from the beginning, which focusses on business development through innovative solutions as well as collaborative efforts through strategic partnerships with key players.

The acquisition of Link Development, the latest major step in Beyon Solutions’ journey, creates one of the largest hubs of digital transformation services in the region.

Beyon Digital CEO Shaikh Mohamed bin Khalifa Al Khalifa, said: “We are delighted to take this major step to acquire such a prominent regional operation as Link Development and extend appreciation to Beyon Solutions chairman Mikkel Vinter for driving ambitious strategic plans aimed at growing the company’s regional presence and portfolio.”

“The transaction is a testament to our commitment to contribute toward digital transformation in the region, supported by a strong backbone of team members across Beyon Digital’s network of companies, regional offices and delivery centres across 10 countries,” said Shaikh Mohamed.

Beyon Solutions CEO Nicholas Toon, said: “Integrating a major organisation such as Link Development is a strategic move that aligns with our ambitions and greatly enhances our solution and service offering across our regional group.

“Link Development and Beyon Solutions hold strategic partnerships with key vendors such as Microsoft, AWS, and Outsystems, and the synergy created through the acquisition will augment the scope of the Beyon Solutions portfolio and enable the seamless delivery of cutting-edge digital solutions to our growing regional customer base.”

“Furthermore, the team members within Link Development are exceptionally skilled and experienced and I am confident that combined with the capabilities that exist across the group, we will deliver great things.”

Karim Beshara, Managing Partner of A15, said: "On behalf of A15, I want to extend my heartfelt gratitude to the entire Link Development team. It has truly been an incredible journey, marked by dedication and unwavering commitment to excellence.

“We firmly believe Beyon Solutions is an excellent strategic fit that will accelerate growth and create significant value. We are excited about the company's future prospects and look forward to seeing the combined organisations achieve continued success going forward.”

Link Development CEO, Hesham El Beih, said: “I'm thrilled about the opportunities this acquisition presents for our customers. By joining forces with Beyon Solutions, we're not only enhancing our ability to deliver exceptional customer experiences but also expanding our commercial reach into previously untapped regions.

“This strategic move allows us to broaden our solutions footprint, ensuring that we can meet the evolving needs of clients on a global scale, while maintaining a commitment to innovation and excellence.” – TradeArabia News Service





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