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Thu 23 Oct 2008 10:00 AM

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ETA InfoTech makes AED 55 million investment

Company will double workforce and invest in healthcare, education and BFSI sectors in the region

ETA InfoTech will invest AED 55 million in the region’s healthcare, education and BFSI (Banking, Finance, Securities and Insurance) sectors.“In tandem with the government's focus on healthcare and education , as reinforced in the 2009 budget, ETA InfoTech plans to uphold the regions healthcare and education initiatives by consistently seeking the best in technology and software developments,” commented Syed Salahuddin, managing director, of the ETA Ascon Star Group.

The announcement was made at Gitex 2008, where ETA InfoTech showcased its products and solutions for different regional sectors. To cope with increasing market demands, the company will double its workforce to 600 by the year 2010.

“The company’s market valuation currently stands at AED 250 million and by the year 2010, the company estimates it to grow up to AED 730 million. These initiatives are part of our long-term growth strategy,” added Rakesh Ranjan, vice president of ETA InfoTech.

Some of ETA InfoTech customers in the UAE include the Government of Dubai, Abu Dhabi Municipality, Ministry of Health, LG, IBM and Emirates bank.

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