Optimiza buys HR solutions specialist MenalTech

Optimiza buys MenalTech to expand solution portfolio with HR applications and services

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By  Mark Sutton Published  December 3, 2007

Optimiza has expanded its portfolio with the acquisition of Jordanian human resources (HR) solutions developer MenalTech.

The deal will give Optimiza access to MenalTech's HR solutions and consulting expertise, to complement its existing offerings for public and private sector.

Hazem Malhas, Optimiza CEO commented: "We are proud of this achievement that will certainly boost both our capacity and ability to better serve our clients and enhance their performance. This acquisition also supports our expansion plans, as well as our reach and investment in successful enterprises locally and regionally."

MenalTech has developed a number of different HR systems, including HR information management system MenaHR, payroll & personnel solutions MenaPay, the employee & manager self service solution MenaME, employee evaluation software Mena360, and HR consolidation and analysis module MenaExplorer.

The company has customers across the region, including Aramex International, The Royal Society for the Conservation of Nature, Capital Bank of Jordan, Jordan Customs Department, The Holding Group Emaar Properties and Al Muhaideb Contracting Company.

Bashar Hawamdeh, MenaITech CEO, said: "We are pleased with our partnership with a leading company like Optimiza. Our joint efforts will bring together all the expertise and solutions we have worked long to develop in order to achieve optimum results. We are confident that Optimiza will do its best to capitalize on our accomplishments to achieve more success."

The value of the deal was not disclosed.

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