ZainTech to acquire BIOS Middle East.

ZainTech, a regional digital & ICT solutions provider, agreed to acquire BIOS Middle East, a local cloud & managed service provider . Financial terms were not disclosed. "This deal represents a major step in ZainTech's expansion strategy and our determination to transform Zain into a leading ICT and digital lifestyle provider. ZainTech is a key part of Zain's value accretive '4Sight' strategy centered on evolving Zain's core telecom business to maximize value and build on the company's many strengths to selectively invest in growth verticals beyond standard mobile services," Bader Al Kharafi, Zain Vice-Chairman and Group CEO.