Almoayyed bullish about market prospects

Plans to focus more on what it calls ‘collaborative banking solutions’ to revive the confidence of financial institutions

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By  Andrew Seymour Published  February 10, 2009

Bahraini VAR Almoayyed Computers has declared its intention to come up with a range of IT solutions for the banking sector, brushing aside fears that business from financial customers could dry up in the current economic climate.

The company revealed this week that it plans to focus more on what it calls ‘collaborative banking solutions’ to revive the confidence of financial institutions seeking robust and cost-effective IT solutions in the wake of the credit crisis.

Almoayyed claims that it expects to see a market turnaround in the “near future” as governments, banks and financial institutions across the GCC have adopted a slew of measures such as interest rate cuts, diversification of income sources away from heavy dependence on the stock market.

“We intend to become the 'service provider of choice' for enterprise, SMEs and MNCs including the key corporates in Bahrain as well as across the GCC,” proclaimed SM Hussaini, general manager at the integrator.

“We're keen to spearhead the IT initiatives where software as an enabler can deliver business benefits and we believe that the current market condition is an opportunity to prove that IT can indeed enhance productivity, lower cost of operations and help to do more with modest investments,” said Hussani.

Almoayyed boasts hands-on experience in executing mission-critical IT infrastructure projects and serves a number of vertical sectors, such as government, education and retail. The company works with numerous brands, including Cisco, Sun, HP, Microsoft and Symantec.

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