Saudi Arabia-October 21, 2019, 01:00 PM
Enterprise software vendor sees license revenues increase 78% over past financial year
RIYADH, Saudi Arabia – Oct. 21, 2019 – Infor, a global leader in business cloud software specialised by industry, has reaffirmed its commitment to supporting Saudi Arabia’s digital transformation efforts across a broad range of sectors.
Following a string of project successes and recent signings, the enterprise software vendor reports its license revenues in the kingdom have increased by 78% between FY18 and FY19, a testament to the escalating interest in digital transformation technologies across Saudi Arabia.
Digital transformation has been a key focus area of Saudi Arabia’s Vision 2030, which aims to enrich the lives of its citizens and develop a prosperous and future-ready society.
At the Smart Nation Innovations Week event in Singapore in June, H.E. Eng. Haitham Al-Ohali, Saudi Arabia’s deputy minister of communications and information technology, stated that collaboration with the private sector has enabled the country to become a rapidly expanding technology market, whose volume is forecasted to surpass $35 billion by 2030.
Further expanding its presence in this fast-growing segment in the kingdom, Infor recently signed two agreements with Saudi Bugshan, one of the largest business groups active in the Middle East and North Africa with interests spanning automotive, beauty & fragrance, education, food & beverage, healthcare, and real estate. Firstly, Infor will assist the conglomerate with its ambitious digital transformation efforts across multiple countries with the implementation of a suite of applications based around Infor LN enterprise resource planning. The second agreement revolves around Saudi Bugshan Barmaja becoming an alliance partner assisting in the deployment of a range of Infor solutions across the region.
Another recent addition to Infor’s portfolio lies with Almajdouie Logistics Company’s adoption of Infor’s warehouse management system (WMS). Almajdouie, one of the largest logistics service providers in Saudi Arabia, desired a robust and scalable integrated WMS that would meet immediate needs and cater to future demands.
These projects join Infor’s already impressive customer portfolio for Saudi Arabia, which includes MEDISERV, Zahid Tractor & Heavy Machinery Co. Ltd, Saudi Diesel Equipment Co. Ltd., and Saline Water Conversion Corporation.
“With digital transformation being a key focus of Saudi Arabia’s Vision 2030, it is no surprise that we continue to find success in the kingdom, with increasing demand for our enterprise solutions,” said Jonathan Wood, Infor general manager of Middle East and Africa. “It is our privilege to support organizations across a range of industries in Saudi Arabia as they undertake their first digital steps to a brighter future, and we hope to continue being the first choice in industrial enterprise solutions in the future.”
Infor is holding two technology days for its growing number of customers in the kingdom on Tuesday, Nov. 5, at the Crowne Plaza Riyadh and Wednesday, Nov. 6, at the Park Hyatt Jeddah.
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