Lebanon, 15 March 2016: Data Consult, a leading Information & Communications Technology (ICT) company with a multi-regional footprint across the Middle East and Africa, has acquired Worldnet, one of the leading Workspace Virtualization and Cloud Solutions provider in the region, Worldnet has joined Data Consult Holding’s group of companies.
Data Consult Holding has been recently engaged in steering its strategy to tackle head on the global ICT sector shifting trends, thus providing innovative solutions aligned with the market evolving needs. The acquisition is a result of six months of discussions between Data Consult and Worldnet, whereby both companies have acknowledged the major synergies they would deliver across the Middle East and Africa. The strategic and financial advisory firm, Creed Capital, has been involved in forming a nexus between both entities, conducting the due diligence and bringing the negotiations to a successful conclusion.
Commenting on the potential of said acquisition, Mr. Elias Houayek, CEO of Data Consult, stated: “We are indeed enthusiastic about the acquisition of Worldnet, representing an excellent addition to our Group. We are committed to securing all required investments to propel Worldnet capabilities so it can easily meet its clients evolving needs. This collaboration will allow us to provide greater value to our clients by relying on Worldnet’s expertise and Data Consult’s vast experience and deep knowledge of the earmarked region.”
Mr. Marc Nader, Data Consult’s Chief Operating Officer commented: “Worldnet will continue building on its pioneering projects as a Cloud and Workspace Virtualization specialist. Under Dataconsult’s leadership, the company will be able to further specialize and deliver solutions to an increasing number of customers helping them realize their business outcomes through the promise of technology across areas like Operations Intelligence, Hybrid Cloud and the Mobile Digital Workspace.”
Mr. Paul Mrad, CEO of Worldnet, stated: “We are overjoyed to join forces with a prominent group such as Data Consult. We are confident that by coupling our established expertise with Data Consult regional presence and experience, we would succeed in delivering highly innovative ICT solutions to a larger number of corporations and SMEs in the region.”
Mr. Alexandre Ziad Karkour, Creed Capital CEO, commenting on Creed’s success in bringing this transaction to fruition: “We have been advising Data Consult on its strategic growth and consider this acquisition as a promising milestone in developing Data Consult’s capabilities as a regional powerhouse offering a comprehensive spectrum of technology solutions through the whole ICT pyramid.”
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