AGIS extends regional operations with MMI acquisition

The deal, for an undisclosed sum, will enable AGIS to leverage MMI’s local sales and technical resources to ramp up its Sage and Network Appliance business.

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By  Greg Wilson Published  June 24, 2002

Saudi-based Algosaibi Information Systems (AGIS) has extended its operations to the UAE with the acquisition of MMI Technology Solutions. The deal, for an undisclosed sum, will enable AGIS to leverage MMI’s local sales and technical resources to ramp up its Sage and Network Appliance business.

MMI, which only broke into the IT business two years ago with a product portfolio based primarily around mid-range Sage enterprise resource planning (ERP) projects, was thought to be struggling.

ITP.net’s sister publication, Arabian Business, reported earlier this year that MMI’s IT business unit was to undergo restructuring.

Alongside MMI’s Sage business, the technology group also supplied software from a number of other vendors including Ascent for customer relationship management; QuickSell Commerce for retail and POS software; Warehouse Manager for supply chain management and Tesseract for field service management.

In order to further reinforce is product portfolio, AGIS recently signed an agreement with another ERP provider, Navision. Last month Microsoft acquired Navision, as it attempts to build its stake in the SME enterprise application business.

“With this strategic relationship we will strengthen our ability to offer end-to-end business solutions throughout the Middle East,” says Ayad Algosaibi, managing director of AGIS.

Manjeet Singh, regional manager of AGIS Dubai, adds “our biggest asset is our people and through a combination of products and consulting, our solutions will help companies across the region in their quest to grow.”

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