STME Rides Middle East ICT Wave With 64% Y-O-Y Sales Growth
STME, Middle Easts leading solutions provider and systems integrator, is on track to post a 64% sales growth in 2014 compared with the previous year as demand for enterprise.
STME, Middle East’s leading solutions provider and systems integrator, is on track to post a 64% sales growth in 2014 compared with the previous year as demand for enterprise IT solutions in the Middle East remains buoyant.
Chief Executive Officer Ayman Al Bayaa said 2014 has been an impressive year for STME following the addition of private cloud solutions to their portfolio of offerings. The company has also bucked the trend after it won huge contracts to provide business IT solutions to various telecommunications and oil and gas companies across the region.
“We are proud of our accomplishments this year and we are confident that 2015 will see our sales performance treading the same growth path,” Al Bayaa said.
STME’s upbeat sales comes as renewed economic optimism in the region is set to further boost IT spending to around USD243 billion by 2018, according to Gartner’s latest forecast. For STME, sectors such as telecommunications, oil and gas, financial services industry and government have been crucial in lifting their sales figures to double-digit levels.
Al Bayaa added that STME continues to focus on its ‘Triple S’ strategy, comprising storage, security and system integration. “We have been a market leader in computer data storage in the region since 1982. Currently, around 60% of the region’s banks deal with us, in addition to 70% of oil and gas companies and 55% of telecommunications firms.”
STME is likewise positioning itself in the regional IT security landscape as it targets niche segments such as end-point protection and integrated security solutions. In addition, the company has partnered with some of the world’s most recognised vendors to provide sophisticated and user-friendly systems integration solutions.
Al Bayaa said innovation remains at the core of STME’s operations, especially amidst the region’s highly competitive IT environment. “We have been a major player in the Middle East ICT industry for over 30 years now. I believe our extensive service and product portfolio, dedication to innovation and high-quality customer service have served us well in responding to the ever-changing needs of our clients across the region.
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