Vesta makes a move on Mobilities

Middle East IT vendor incubation outfit Vesta has picked up a controlling interest in networking and security specialist Mobilities. Vesta plans to integrate its latest purchase with its own security and wireless operation.

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By  Alex Malouf Published  August 14, 2004

Middle East IT vendor incubation outfit Vesta has picked up a controlling interest in networking and security specialist Mobilities. Vesta plans to integrate its latest purchase with its own security and wireless operation. Financial terms of the transaction were not disclosed. Steven Brown, CEO of Vesta Group said: “As part of the Vesta Group family of companies, Mobilities will now be able to leverage our staff’s technical and regional knowledge in order to greatly enhance their ability to meet their customer’s needs. Our combined resources will also allow us to continue as the regional leaders in providing cutting edge solutions to all our clients.” Najwa Houchamie, managing director of Mobilities, added: “The combined companies create the strongest and best placed security and wireless team in the region. While we will be able to continue to provide the regional market with the most secure solutions for their wired or wireless networks, we are now able to offer even more services with the added layers of professional services and training.” “The joining of Vesta and Mobilities is an excellent move for the market”, said Frank Hayes, CEO of wireless provider Single Digits. “Vesta’s broad reach of influence and range of representation combined with Mobilities’ expertise in execution will deliver immediate benefits to end users and the combined corporate entity.” With Vesta building up its own security, networking and wireless IT services skills through this acquisition, the company has developed a bona fide systems integration business. While this operation will focus on working with specific vendors, the company claims that it has the full support of its existing partners and does not anticipate any conflict of interest with its activities as an incubator.

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