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Giza Systems Acquires Bull Groupís Egyptian Subsidiary VAS Integrated Solutions, LLC - Giza Systems Acquires VAS Integrated Solutions LLC (VIS), Bull Groupís Leading Storage Distributor and Integrator in the Egyptian Market - GizaSystems.com
Giza Systems Acquires Bull Groupís Egyptian Subsidiary VAS Integrated Solutions, LLC

 

NewswireToday - /newswire/ - New Cairo, Cairo, Egypt, 2014/07/14 - Giza Systems Acquires VAS Integrated Solutions LLC (VIS), Bull Groupís Leading Storage Distributor and Integrator in the Egyptian Market - GizaSystems.com.

   
 
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Giza Systems, the leading systems integrator in Egypt and the Middle East announces it acquisition of VAS Integrated Solutions LLC (VIS), Bull Groupís Egyptian subsidiary leader in storage integration and a key distributor for EMC, the market leader in virtualization and big data.

VAS Integrated Solutions, the subsidiary of Bull Group, is the leading storage distributor and integrator in the Egyptian market and operates in cloud enablement and virtualization space in Egypt and Libya. Its customers include all major players in the Egyptian telecommunications sector, banking industry and a strong presence in the Oil & Gas sector.

Giza Systems acquires from Bull all shares owned by the Group in VAS Integrated Solutions, representing 80% majority stake in VIS.

The acquisition will expand Giza Systemsí leadership in systems integration by synergizing its offerings portfolio with VAS Integrated Solutionsí cloud-based integration and space virtualization services for B2B enablement, simplification, and innovation.

ďAcquiring VIS creates a compelling advantage for our joint clients, as it supports organizations across the board in deriving the transformative benefits of integration with cloud technologies. The synergy across our service offerings is a perfect fit with our strategy aiming at providing our clients with the most complete portfolio of integration services with a strong secure cloud-based backbone to drive business innovation and optimization,Ē commented Shehab ElNawawi, Chairman and CEO of Giza Systems.

Founded in 2010, VAS Integrated Solutions has grown to become the leading supplier of storage solutions based on EMC technology in Egypt with over 40 employees and 2013 revenues of approximately EGP 200 million.

"Within Giza Systems, VAS Integrated Solutions will be in a position to accelerate its development in Egypt, Middle East and Africa region for the benefit of all customers" notes Eric Desnos, VP AMEA (Africa-Middle-East-Asia).

Financial terms of the transaction are not disclosed.

 
 
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Written by / Agency / Source: Giza Systems

 
 

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Giza Systems Acquires Bull Groupís Egyptian Subsidiary VAS Integrated Solutions, LLC

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Publisher Contact: Lara Shawky - GizaSystems.com 
+20 226146000 lara.shawky[.]gizasystems.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Giza Systems securities in any jurisdiction including any other companies listed or named in this release.

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