Almasa sells off part of IT business
Cognos consultancy arm palmed off to IBM reseller for undisclosed price
Almasa Holdings has sold off its enterprise software consultancy arm Performance Systems, which specialises in the sale of business intelligence solutions.
The operation has been bought by Cisco and IBM reseller Gulf Business Machines (GBM), which will use the acquisition to further its ambitions in the performance management and BI space.
Terms of the deal have not been disclosed.
Performance Systems primarily focuses on solutions from BI vendor Cognos, which is now owned by IBM and provides a further fit with GBM's portfolio. One of its claims to fame is that it is currently one of only six Cognos platinum partners in the world.
"It has become increasingly important for us to be able to offer our customers a framework of services that cover the entire life-cycle of a project from solution planning and implementation through to business improvement," said Cesare Cardone, CEO of GBM. "By acquiring Performance Systems we are able to offer our customers access to one of the most comprehensive IT solutions portfolios in the Middle East."
Performance Systems was formed as a part of Almasa's Business Solutions division more than six years ago. Almasa has previously stated that the business was a "key area of focus" for the group.
Dubai-based Almasa Holdings is mainly known for its IT distribution activities, but also operates a hiring solutions business.