ITWorx
ITWorx is one of the largest software outsourcing firms in Egypt, with offices in Saudi Arabia, UAE, Qatar, Europe and the USA. A key development during fiscal 2020 was the successful sale of the Education business. The Development business is performing better than expected due to increased demand resulting from a change in companies’ operating models caused by COVID-19. ITWorx recently launched a new product that targets the airline sector.
- Asset Class:
- Private Equity
- Industry:
- Information Technology
- Country:
- Egypt
- Year:
- 2006
- Project Status:
- Partially Exited
- Project managers:
-
Latest News from ITWorx
Region’s Leading Software Company, ITWorx, Changes Hands in Move for Global Growth
5th November 2008Joint investors Venture Capital Bank, EuroMena Fund, a private equity fund sponsored by Capital Trust Group, and Proparco purchase 79% of the Middle East Region's leading software company in view of further expansion plans internationally. ...
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© 2021 VENTURE CAPITAL BANK. LICENSED AS AN ISLAMIC WHOLESALE BANK BY THE CBB.