HP snaps up Compaq Services Saudi Arabia stake

HP has signed an agreement to purchase the remaining stake in Compaq Services Saudi Arabia (CSSA) still held by the Alireza Group. CSSA will now be renamed as HP Services Saudi Arabia.

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By  Stuart Wilson Published  December 3, 2005

HP has signed an agreement to purchase the remaining stake in Compaq Services Saudi Arabia (CSSA) still held by the Alireza Group. CSSA will now be renamed as HP Services Saudi Arabia. Joseph Hanania, managing director at HP Middle East reckons that the deal is further evidence of HP’s commitment to develop its business in the Kingdom. “We are investing heavily in the Middle East, particularly in Saudi Arabia, with a view to get closer to our customers and partners and to be more agile and flexible in our offerings to them,” said Hanania. “This strategic investment reflects HP’s responsiveness to changes in the marketplace, strengthens HP’s ability to interact better with customers and partners, and consolidates HP’s position as the largest IT company in the region,” added Hanania. Abdullah Mohaisen, general manager at HP Saudi Arabia, added: This acquisition will bring HP services closer to customers and make our large and comprehensive services portfolio yet more accessible and available to customers in the region. Over the last few years, CSSA has continued to grow — both in size and reputation — across all sectors including banking, energy and telecommunications.” “We have enjoyed an excellent relationship with the Alireza Group and we will continue to work with them in the Kingdom through Natcom, an HP enterprise reseller and a member of the Alireza Group that works with many of our leading customers in KSA,” Mohaisen added. HP claims that its comprehensive service portfolio offers competitive advantages for all enterprises helping them to develop adaptive infrastructures that enhance business agility. Coupled with industry specific support, HP reckons that an adaptive enterprise will allow enterprises to synchronise business and IT needs. “From applications solutions to availability consulting, infrastructure services to industry-specific support, mobile networking to outsource management, HP offer custom services designed to increase the return on IT,” Hanania added. “We have continued to lead the way in investment in Saudi Arabia with the establishment of a local assembly plant — the first vendor to make such a significant investment. With the enormous potential offered by the Saudi market, we will continue to develop our business in a proactive manner and look for opportunities to engage more fully with our customers both in Saudi Arabia and across the region,” Hanania concluded.

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