MSP M&A: ZainTech Acquires Adfolks

0


ZainTech has acquired Adfolks, a UAE-based cloud-native engineering agency that gives a spread of cloud transformation providers. Monetary phrases of the deal weren’t disclosed.

That is know-how M&A deal quantity 166 that ChannelE2E and MSSP Alert have coated to date in 2023. See greater than 2,000 know-how M&A offers for 2022, 2021, and 2020 listed right here.

ZainTech Acquires Adfolks to Increase Expertise Companies

ZainTech, a portfolio firm of Zain Group, was based in 2021 and relies in Dubai. The corporate has 127 workers listed on LinkedIn. ZainTech’s areas of experience embrace Cloud, IoT, Cybersecurity, Huge information and analytics, Drones, Digital merchandise , Digital options, Good cities, Digital transformation, and Robotics.

Adfolks, based in 2016, can also be based mostly in Dubai. The corporate has 63 workers listed on LinkedIn. Adfolk’s areas of experience embrace Huge Information, Actual Time Analytics, Churn Evaluation, Information Lake Constructing, Anomaly Detection, Huge Information Technique, Vendor Agnostic Cloud Infrastructure, Machine Studying, UI/UX, Information Pushed Determination Administration, Swift Digitalization, Buyer Information Platform, MDM, Cognitive, advertising analytics, Total Information resolution, kubernetes, CNCF, and platform.

ZainTech says the deal is a part of its total technique to increase its know-how providers because it seeks to rework from a cell operator to a multi-core digital ICT entity. This acquisition may even increase ZainTech’s know-how providers portfolio, together with revolutionary, scalable, and safe cloud-native purposes and different know-how options for its shoppers throughout the area, it mentioned.

Adfolks is a Microsoft Azure Cloud Gold Managed Accomplice, AWS Choose Accomplice, and GCP Consulting Accomplice. The corporate’s staff will be a part of ZainTech, the businesses mentioned.

ZainTech Acquires Adfolks: Extra Perception

Andrew Hanna, CEO, ZainTech

Andrew Hanna, CEO, ZainTech, commented:

“Combining Adfolks’ experience and expertise with ZainTech’s and Zain’s B2B groups’ assets and capabilities will allow us to drive much more worth for our shoppers within the dynamic and continuously evolving know-how panorama by streamlining their digital transformation journey, making it less complicated and extra seamless than ever earlier than.”

Arun Mohan, founder, Adfolks, mentioned:

“I’m enthusiastic about this subsequent chapter for Adfolks with ZainTech. The mixed power will likely be a price not solely to our respective enterprise aims however most significantly to our shoppers who will profit from the mixed experience and innovation of Adfolks and ZainTech.”



Source_link

Leave a Reply

Your email address will not be published. Required fields are marked *