Accenture Acquires Major Saudi IT Firm

Two major Middle East players have joined forces with the aim to strengthen their IT effectiveness in the fast-growing region in which they inhabit. Accenture, which specializes in management consulting, technology and outsourcing, acquired a majority of one of Saudi Arabia’s leading information technology companies, Al Faisaliah Business & Technology Company (FBTC.) FBTC is a subsidiary of the Saudi Arabia-based Al Faisaliah Group.

Managing Director in Middle East of Accenture, Omar Boulos

Project Announced Last June

The joint venture between the two companies was first announced last June. FBTC will bring to the table their excellent enterprise architecture, systems implementation and technology consulting skills, an perfect addition to Accenture’s focus on consulting.

Win-Win Partnership

The partnership will allow Accenture to give all-encompassing IT services to clients in Saudi Arabia, while simultaneously achieving its goals of global best practices and the latest high tech processes and solutions for the international market. The plan now formulates that FBTC will take on the name Accenture and will become integrated into the Accenture global network.

“Establishing the joint venture is an important step to enhancing our capabilities and positioning Accenture as a leading technology services provider in Saudi Arabia,” said Omar Boulos, managing director of Accenture in the Middle East. “We will now turn our focus to supporting the business goals of our clients and addressing the growing needs of companies in the market.”