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ZainTECH to acquire STS to expand its service offerings

By Delisha Fernandes

October 17, 2023

  • Banking
  • Cybersecurity
  • Dell Technologies
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ZainTECH, digital transformation, cybersecurity, multi-cloud solutions, banking, Dell Technologies, IBM, Microsoft, Oracle, FinTech news, FinTech MENAZainTECH, a UAE-based digital solution provider, has entered an agreement to acquire Specialized Technical Services Company (STS), a digital transformation solutions providers in the region and the Kingdom of Jordan.

This strategic move enables ZainTECH to expand its service offerings to enterprises and government bodies, access talent, foster innovation, and enhance its competitive position across the region.

Bader Al-Kharafi, Zain Vice-Chairman and Group CEO said, “This deal comes 20 years after Zain’s first regional expansion into Jordan and is a testament to our commitment to driving the Kingdom’s and the region’s digital transformation journey. The current roll-out of the state-of-the-art 5G services across the Kingdom and the acquisition of STS by ZainTECH will further consolidate Jordan’s position as a leading digital hub and a key enabler of innovation and entrepreneurship in the region.”

STS offers  advanced hybrid multi-cloud solutions, robust managed cloud services, and comprehensive cybersecurity offerings, backed up by security operations center (STS SOC), infrastructure and system integration capabilities, along with licensing solutions.

STS has built long-standing partnerships with industry leaders such as Cisco Systems, Dell Technologies, IBM, Microsoft, Oracle, among others. STS serves over 500 customers across industries, including banking and financial, governmental, health, education, and telecommunications sectors across the Middle East and North Africa.

Andrew Hanna, ZainTECH CEO said, “The agreement to acquire STS, with its  talented team, years of expertise and impressive customer base, will amplify ZainTECH and Zain B2B teams’ capabilities to provide clients with cutting-edge and comprehensive digital transformation solutions, solidifying our position as leaders in the industry and driving digital transformation in Jordan and across the region.”

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