Solutions by stc to acquire a 40% stake in Devoteam Middle-East for SAR741m.

Solutions by stc, an IT service provider, agreed to acquire a 40% stake in Devoteam Middle-East, an IT consulting company specialising in digital transformation, cyber and cloud solutions, and business process optimization, for SAR741m. “We are delighted to forge this important partnership with solutions by stc. Their profound knowledge of the local market and robust IT infrastructure, networks and outsourcing services will perfectly complement our digital transformation consulting, cybersecurity and business process capabilities in the Middle East. Together, we will provide unparalleled IT solutions to our clients, catering to their evolving needs and driving the digital transformation of their businesses,” Godefroy de Bentzmann, Devoteam co-CEO.