Saudi Arabia: Software AG (Frankfurt MDAX: SOW) and IoT Technologies Leader : iot squared, a joint venture between Saudi Arabia Public Investment Fund and stc Group, have signed an MoU to drive rapid growth of IoT across the Kingdom. This partnership will build an ecosystem to support businesses in their IoT adoption and further develop Saudi Arabia’s digital economy, in line with its Vision 2030 objectives.
The agreement was signed between Othman Aldahash, CEO, iot sqaured and Mamdouh Al Olayan, Country Manager-Saudi Arabia, Software AG, at LEAP 2023. Under the collaboration, iot squared will enable enterprises to innovate new services and experiences, optimize operations and accelerate outcomes in an ecosystem via Software AG’s IoT solutions to be fully connected enterprises. With the aim to accelerate the fourth industrial revolution, the partnership will address challenges and opportunities faced by business leaders in their transformational endeavors as well as to explore initiatives to develop training programs for Saudi talents in IoT field.
Moreover, in line with the nation’s vision to fast track digital transformation, Software AG and iot squared will also cooperate in creating joint IoT partnerships for business solutions in Saudi Arabia to address complex IoT implementatios through its state-of-the-art, scalable and commercially flexble platform for IoT use cases.
Commenting on the agreement, Othman Al Dahash, CEO of iot squared said, “Through this partnership, we aim to make IoT data easily accessible to the organizations at a lower cost allowing them to adopt, integrate and use the data to make informed decisions faster for their business. One of the most important parts of this partnership is to also upskill Saudi youth and empower them with advanced training within the IoT domain focusing on Software AG technologies. We are proud to collaborate with Software AG, this collaboration will enable access to innovative technologies for companies in the Kingdom to advance their digital transformation journeys”.
Mamdouh Al Olayan, Country Manager-Saudi Arabia, Software AG, said: “This strategic collaboration between two IoT front runners will foster the sector, scale adoption, support exciting new opportunities and use cases across smart city initiatives and industrial applications in the Kingdom. It will also underpin the country’s digitization in building a future-proof IoT ecosystem that will seamlessly derive game-changing data analytics to better predict and act and help more customers simplify their connected worlds, further developing a digital economy, in line with Saudi Arabia’s strategic 2030 framework.”
The partnership will also develop high-impact IoT training programs for Saudi talent, through theoretical knowledge and practical application of Software AG’s Cumulocity IoT to meet the rapidly growing industry needs of this technology. Additionally, it will support in realizing iot squared’s mission of creating a technology network in support of businesses for IoT adoptions via consultations, implementiaons, training and facilitation of funding models.
The Software AG PartnerConnect program empowers its partners to better deliver outcomes based on its products to meet evolving customer’s needs. Software AG’s IoT and analytics is highly regarded and consistently ranked as leaders by multiple industry analysts.