Mannai Corporation Acquires UtilNet

Company: Mannai Corporation
Release Date: March 1, 2010

Following the approval of Mannai Corporation board, Mansoft a wholly owned subsidiary of Mannai Corporation, acquired majority ownership of leading Jordanian software service provider – Utility Networks Information Systems Consultants (UtilNet). UtilNet specializes in the development, implementation, and support of computer software solutions that focus upon the data management of telecommunications and electricity networks.

Through this acquisition, Mannai Corporation will gain a strategic advantage as it will secure a market leading presence in Jordan and gain access to growing communication technology markets including Algeria, Libya, Turkey and the African continent.

Mannai Corporation spokesperson said, “We are delighted to welcome UtilNet and its dedicated, talented and experienced team to the Mannai Group. Together we will shape the future of software systems integration as Mannai IT division envisions great opportunities to accelerate our business through UtilNet’s client network in North Africa, Europe and the Middle East.”

Mannai Corporation will leverage UtilNet’s focused product and service offerings and bilingual (Arabic and English) programmer resource pool to strengthen the company’s position in existing markets including Qatar, rest of GCC and India. Acquisition of a majority stake in UtilNet fits the growth strategy of Mannai Corporation as it seeks to expand into lucrative markets outside Qatar.

With existing offices and associates in UAE, Bahrain, & India, the purchase of UtilNet enables the IT division of Mannai Corporation to offer its turnkey solutions to a larger client base in the government, finance, defence, oil & gas, manufacturing, construction, education, healthcare and telecommunication sectors.

UtilNet has extensive experience in implementing projects utilizing telecom software from Telecordia and Geographic Information System Software from Environmental Systems Research Institute (ESRI).

In addition to being an authorized Telcordia training partner, UtilNet offers market leading expertise in project management, telecom engineering and training, software development, system design, configuration, training, software customization, data migration, and implementation support.


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