CAIRO: ITSoft, an Egyptian computer programming company, signed an agreement Monday Jan. 22 with Phoenix Systems Herland Financial Solutions, an American company, to provide them with software and information systems.
The event took place at the Ministry of Communication and Information Technology (IT) in Smart Village in the presence of the Minister of Communication and Information Technology Tarek Kamel.
According to Kamel, this event indicates the success of the Information Technology field in Egypt.
Every now and then, we need confirmation that we are on the right track . this event provides confirmation on our strategies, potentials, IT graduates and revenues, Kamel said.
Kamel stated that for couples of years the ministry has been examining opportunities to export IT technology outside Egypt and now two deals have been signed, one a few months ago and this one now, he added. Exporting Egyptian IT services is our next opportunity. It will help us transfer our services to the world market and provide job opportunities in our domestic market, Kamel said.
This new alliance is estimated to provide more than 150 job opportunities, according to Khalid Faraj Al-Saeid, Managing Director and General Manager and Vice President of International Turnkey Systems (ITS), the mother company of ITSoft.
Al-Saeid indicated that this event is the final output of years of hard work and planning.
Now we know that we made the right decision when we initiated ITSoft in Egypt for two reasons: the government s great support and Egyptian hard working IT specialists, Al-Saeid said.
ITSoft was established in Egypt in 1996 and employs about 400 specialists in computer and IT technology.
The company s head office is in the Free Zone area in Nasr City and provides IT and programming solutions to the Middle East, North Africa and South West Asia through its mother company ITS.
