3i Infotech unveils subsidiary in Saudi

IT solutions and services provider 3i Infotech has created a subsidiary to focus solely on its business in Saudi Arabia and plans to open offices in Riyadh, Jeddah and Dammam

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By  Published  December 3, 2006

IT solutions and services provider 3i Infotech has created a subsidiary to focus solely on its business in Saudi Arabia and plans to open offices in Riyadh, Jeddah and Dammam.

It will promote its banking, insurance and other financial and government services solutions as well as its enterprise resource planning (ERP) product, Orion, across the Kingdom through the 3i Infotech (Saudi Arabia) subsidiary.

The firm already has a strong presence in the Kingdom with over 50 clients in the ERP and insurance sector and a network of partners and distributors.

Announcing the move at a press conference during Gitex 2006, Hari Padmanabhan, deputy managing director, 3i Infotech said, “Saudi Arabia is not only making investments in infrastructure initiatives, but is bringing about significant changes in the regulatory environment for the financial markets.”

He went on to say that 3i Infotech’s solutions would enable firms in Saudi Arabia to boost their productivity and profits.

“By establishing a strong presence in Saudi Arabia, we will provide an array of proven solutions to Saudi customers, thus empowering them to leverage technology for increase in productivity and improved profitability,” he added.

To successfully follow through with its plans, Padmanabhan said the company planned to recruit local staff, thus creating job opportunities for Saudi nationals.

“We are also looking to grow our operations by recruiting the best local talent available. This will create employment opportunities for qualified and experienced professionals as well as fresh nationals graduating from Saudi universities,” he stated.

3i Infotech has won a number of lucrative deals in the region this year; including the Al Safat Takaful Company, a subsidiary of the Al Safwa Group, which selected Premia from 3i to automate it s general, and non-life insurance business.

UAE service provider Al Wathba Company for Central Services (AWCCS) said it had appointed 3i Infotech to upgrade its IT infrastructure to support its expansion plans.

3i Infotech, which was formerly known as ICICI Infotech, offers software development, technology security consulting and IT infrastructure services for the insurance, financial, retail and government markets.

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