11 February 2024

solutions by stc, the leading enabler of digital transformation in Saudi Arabia and the region, has signed a memorandum of understanding with Devoteam Global Group, the leader in IT consulting, to leverage global investment and collaboration opportunities in technology and other related fields.

The agreement follows and builds upon the completion of solutions’ significant acquisition of a 40% stake in Devoteam Middle East last week. The acquisition was first initiated during Crown Prince Mohammed bin Salman’s visit to France in June of last year, where several areas of economic cooperation and investment were discussed. This recent strategic move brings significant weight and reinforces solutions by stc’s leadership role in driving innovation and digital growth in the Kingdom.

As part of this MoU, solutions and Devoteam will catalyze their collaborative efforts, aiming to explore and capitalize on common markets and assess cooperation and investment prospects within the dynamic ICT landscape across the region and globally.

The MoU, which was signed by Omer Alnomany, CEO of solutions by stc, and Stanislas de Bentzmann, CEO of Devoteam Group, establishes a synergy of the experience and resources shared by both parties. The strategic alliance is poised to empower them to harness extensive digital transformation and technology expertise, seamlessly integrating it with the global insights, consulting, and investment opportunities.

solutions by stc stands as the digital transformation enabler and the leading ICT solutions provider in the Kingdom and the region. Through its diverse partnerships, the company seeks to deliver global technology solutions, driving digital transformation to support the achievement of the Kingdom’s Vision 2030, while reaffirming its unfaltering commitment to provide exceptional value to its customers and fortify its growth trajectory outlined by stc Group and solutions by stc.