STME expands into Lebanon

STME, the Middle East enterprise storage company is partnering with Automation and Computer Technologies (ACT) to target the Lebanese storage market estimated to be worth US$50 million by 2005.

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By  Maddy Reddy Published  December 11, 2003

STME, the Middle East enterprise storage company, announced today a new partnership deal with Automation and Computer Technologies (ACT) -a Lebanese company specialising in providing technology solutions, marking its entry into the Lebanon market.

According to STME the Lebanese storage sector has shown positive signs and could exceed US$50 million in revenyes by 2005.

"The storage market in Lebanon is developing quickly and we want to be a part of this emerging sector of the IT economy. We have been operating for more than 10 years, providing Lebanese-based organisations with IT solutions, and by formalising this relationship with STME, we are now able to offer storage expertise and solutions to our range of offerings," says Jalal Fawaz, managing director, ACT.

Under the new agreement, STME will enhance its reach into the Lebanese market with the assistance of ACT's in-country support, with ACT offering it's Lebanese customers STME's storage solutions. The two vendors are targeting vertical sectors such as banking and finance, telecom, software development for their storage solutions.

"To operate successfully in a new market like Lebanon, it is essential to have the right kind of local knowledge and reach, which is why we were so keen to enter a relationship with ACT," says Andrew Calthorpe, senior corporate vice president, STME.

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