ZainTech in deal to buy BIOS Middle East

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

ZainTech, the one-stop digital and ICT solutions powerhouse of Zain Group, announces it has entered into an agreement for the complete acquisition of BIOS Middle East, a regional managed secure cloud provider with a presence in the United Arab Emirates, Saudi Arabia and Oman.

The acquisition, subject to regulatory approvals, will result in the full migration and integration of BIOS Middle East’s operations within ZainTech over the next 12-18 months.

Since its establishment in 2002, BIOS has served over 300 global and regional customers by offering managed services and cloud solutions with 24x7x365 support and a measurable SLA.

CloudHPT, Amazon Web Services, Microsoft Azure, managed multi-cloud access, security as a service, infrastructure as a service, and disaster recovery as a service are just a few of the capabilities provided by over 140 BIOS professionals across the region.

Bader Al Kharafi, Zain Vice-Chairman and Group CEO said, “ZainTech is key part of Zain’s value accretive ‘4Sight’ strategy centred on evolving Zain’s core telecom business to maximize value and build on the company’s many strengths to selectively invest in growth verticals beyond standard mobile services.”

Andrew Hanna, ZainTech CEO said, “The decision to acquire BIOS was driven by its relevance, presence, leadership, market access, and expertise.”

Dominic Docherty, BIOS Middle East Managing Director, said, “BIOS shares with ZainTech the goal to become the region’s leading multi-cloud managed service provider”.