 |
 |
House of Development ( HOD )
Offering Size: USD 5 Million
Country: Kingdom of Saudi Arabia
Nature of Investment: Business Development-IT
Year: 2006
VCBank acquired a controlling stake in this Saudi-based IT applications solutions provider in 2006 to help it implement its expansion plans, that included establishing an office in New York through which to expand its marketing activities in the USA.
Due to the economic slowdown in the US, the Company has recently shifted its focus to the MENA region. HoD has developed a unique electronic certification and authentication (EC&A) methodology using cryptography and barcode technologies, which can be used to develop Internet-based document certification and authentication products for a range of industries.
The Middle East market offers good potential for the growth and expansion of the Company’s activities.
Back
Offering Size: USD 5 Million
Country: Kingdom of Saudi Arabia
Nature of Investment: Business Development-IT
Year: 2006
VCBank acquired a controlling stake in this Saudi-based IT applications solutions provider in 2006 to help it implement its expansion plans, that included establishing an office in New York through which to expand its marketing activities in the USA.
Due to the economic slowdown in the US, the Company has recently shifted its focus to the MENA region. HoD has developed a unique electronic certification and authentication (EC&A) methodology using cryptography and barcode technologies, which can be used to develop Internet-based document certification and authentication products for a range of industries.
The Middle East market offers good potential for the growth and expansion of the Company’s activities.
Back
