Software AG and iot squared partner to drive IoT led innovation in Saudi Arabia
Channel

Software AG and iot squared partner to drive IoT led innovation in Saudi Arabia

Software AG and IoT Technologies, iot squared, a joint venture between Saudi Arabia Public Investment Fund and stc Group, have signed an MoU to drive rapid growth of IoT across Saudi Arabia. This partnership will build an ecosystem to support businesses in their IoT adoption and further develop Saudi Arabia’s digital economy, in line with its Vision 2030 objectives.

The agreement was signed between Othman Aldahash, CEO, iot squared and Mamdouh Al Olayan, Country Manager-Saudi Arabia, Software AG. Under the collaboration, iot squared will enable enterprises to innovate new services and experiences, optimise operations and accelerate outcomes in an ecosystem via Software AG’s IoT solutions to be fully connected enterprises.

With the aim to accelerate the fourth industrial revolution, the partnership will address challenges and opportunities faced by business leaders in their transformational endeavours as well as to explore initiatives to develop training programs for Saudi talents in IoT field.

Moreover, in line with the nation’s vision to fast track digital transformation, Software AG and iot squared will also cooperate in creating joint IoT partnerships for business solutions in Saudi Arabia to address complex IoT implementations through its state-of-the-art, scalable and commercially flexible platform for IoT use cases.

The partnership will also develop high-impact IoT training programs for Saudi talent, through theoretical knowledge and practical application of Software AG’s Cumulocity IoT to meet the rapidly growing industry needs of this technology. Additionally, it will support in realising iot squared’s mission of creating a technology network in support of businesses for IoT adoptions via consultations, implementations, training and facilitation of funding models.

The Software AG PartnerConnect programme empowers its partners to better deliver outcomes based on its products to meet evolving customer’s needs. Software AG’s IoT and analytics is highly regarded and consistently ranked ass by multiple industry analysts.

iot squared was established as a 50:50 joint venture between stc and PIF specialising on the internet of things, IoT. With over SR492 million in funding, iot squared is positioned to be a regional hub for the Internet of Things in the Middle East and North Africa.

April 18, 2023

Leave a Reply

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

Flickr

No matter how powerful, countries cannot rule the whole world. The world is ruled by brains, by justice, by morals and by fairness. Abdullah of Saudi Arabia

Abdullah of Saudi Arabia
ABOUT

News Saudi Wire is a content portal, publication, and event organiser, launched with the objective of partnering with businesses, consultants and technology vendors to enable the process of digital transformation and business restructuring for the digital age.

Tel : +966500467505
Email : hello@newswiresaudi.com
Address : Elite Stars for Marketing Services,
Level 1, Building No. 7, Zone A,
Airport Road, Business Gate,
P.O Box 93597 Riyadh 11683, KSA