Data Consult Acquires WorldNet

Lebanon, 15 March 2016: Data Consult, a leading Information & Communications Technology (ICT) company with a multi-regional footprint across the Middle East and Africa, has acquired Worldnet, one of the leading Workspace Virtualization and Cloud Solutions provider in the region, Worldnet has joined Data Consult group of companies.

Data Consult has been recently engaged in steering its strategy to tackle head on the global ICT sector shifting trends, thus providing innovative solutions aligned with the market evolving needs. The acquisition is a result of six months of discussions between Data Consult and Worldnet, whereby both companies have acknowledged the major synergies they would deliver across the Middle East and Africa. The strategic and financial advisory firm, Creed Capital, has been involved in forming a nexus between both entities, conducting the due diligence and bringing the negotiations to a successful conclusion.

Commenting on the potential of said acquisition, Mr. Elias Houayek, CEO of Data Consult, stated: “We are indeed enthusiastic about the acquisition of Worldnet, representing an excellent addition to our Group. We are committed to securing all required investments to propel Worldnet capabilities so it can easily meet its clients evolving needs. This collaboration will allow us to provide greater value to our clients by relying on Worldnet’s expertise and Data Consult’s vast experience and deep knowledge of the earmarked region.”

Mr. Marc Nader, Data Consult’s Chief Operating Officer commented: “Worldnet will continue building on its pioneering projects as a Cloud and Workspace Virtualization specialist. Under Data Consult’s leadership, the company will be able to further specialize and deliver solutions to an increasing number of customers helping them realize their business outcomes through the promise of technology across areas like Operations Intelligence, Hybrid Cloud and the Mobile Digital Workspace.”

Mr. Paul Mrad, CEO of Worldnet, stated: “We are overjoyed to join forces with a prominent group such as Data Consult. We are confident that by coupling our established expertise with Data Consult regional presence and experience, we would succeed in delivering highly innovative ICT solutions to a larger number of corporations and SMEs in the region.”

Mr. Alexandre Ziad Karkour, Creed Capital CEO, commenting on Creed’s success in bringing this transaction to fruition: “We have been advising Data Consult on its strategic growth and consider this acquisition as a promising milestone in developing Data Consult’s capabilities as a regional powerhouse offering a comprehensive spectrum of technology solutions through the whole ICT pyramid.”

About Data Consult: founded in 1991, Data Consult has been working on delivering avant-garde, integrated ICT solutions in the Middle East and Africa regions. Data Consult has partnered with the best technology suppliers and has been consistently investing in trainings of its workforce. With over 150 highly skilled professionals dedicated to serving its clients, they’ve become a recognized industry leader, garnering more than 100 vendor and industry awards over the past two and a half decades. Presently, they are at the forefront of solution design, solution integration, project management and managed services.

About WorldNet: founded in 2004, WorldNet is one of the leading ICT Enterprise Solutions provider in the end-to-end Virtualization and Cloud Computing, for local, regional and multinational companies in the Levant, North Africa, Pakistan and Gulf countries. WorldNet is well know across the MENA region as a company focusing on Virtualization and Cloud Strategies. 
One of their state-of-art Workspace Virtualization project in Lebanon was at USEK University where they allowed students to run very Intensive Graphic and engineering applications from anywhere and on any BYOD device. This project was the first of its kind in the academic world outside of the US.

About Creed Capital: Creed Capital is a strategic consulting, corporate finance and M&A advisory firm with presence in Beirut, Paris, London and Mauritius and a regional access across the EMEA. Creed Capital focuses on serving leading companies and financial institutions across the EMEA region and beyond, and helping businesses in the lower and middle markets with all their growth challenges. Creed has consolidated its market knowledge and unrivalled network to consistently enhance opportunities for its clients. Its flexible yet disciplined approach brings the right set of skills to different business needs when and where they are required.
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