HP Acquires Atos Origin Middle East Group to Broaden Systems Integration Business
AOME, an independent groupof companies headquartered in Bahrain, employs more than 450 peopleprimarily in its offices in Saudi Arabia, Bahrain, the United ArabEmirates, Qatar and Libya, and is the region’s leading implementerof SAP projects.
“The Middle East is one ofour fastest growing markets and this acquisition expands ourability to better service the needs of our customers,” said KenWillett, vice president and managing director, Middle East,Mediterranean and Africa, HP. “In addition, AOME’s proven abilityto design, deploy and support large-scale enterprise resourceplanning systems based on SAP will help us capitalize on thisfast-growing market.“
The acquisition is expectedto deliver three key strategic assets to HP: enhancement of thecompany’s SAP capabilities in the Middle East; reinforcement ofHP’s expertise in two key market segments – the public sector andoil and gas; and, the extension of HP’s geographic presence intoLibya and Qatar.
“This is an exciting dayfor all of us at AOME. Joining HP’s professional services teamgives AOME the ability to be globally supported technically, givesus the financial strength to be able to better support our clients,and allows us to compete for large infrastructure projects in theregion,” said Ferras Zalt, chief executive officer, AOME. “AOME’sconsulting skills with HP’s global reach and knowledge will helpour clients in the region meet their business challenges.”
The acquisition is subjectto certain customary closing conditions. The transaction isexpected to be completed in November.
The Atos Origin Middle Eastgroup is a leading systems integrator in the Middle East. Itsconsulting and system integration capabilities include design,development and delivery of mission-critical application packages,application development, integration with backend legacy systems,issuance and management of secure digital identity systems. Systemintegration services cover the full range of design, set-up,customization, training and development. In the field of managedoperations, the company offers IT and application management.
(1) The AtosOrigin Middle East group is a privately held independent group ofcompanies composed of the following entities: Atos Origin MiddleEast Ltd. (Saudi Arabia); Atos Origin Middle East SAS; AOMEHoldings ltd.; Escador GmbH; Aptitude Management Consulting WLL andAtos Origin Middle East FZ-LLC.
SAP is a registeredtrademark of SAP AG.
This news releasecontains forward-looking statements that involve risks,uncertainties and assumptions. If such risks or uncertaintiesmaterialize or such assumptions prove incorrect, the results of HPand its consolidated subsidiaries could differ materially fromthose expressed or implied by such forward-looking statements andassumptions. All statements other than statements of historicalfact are statements that could be deemed forward-lookingstatements, including the expected benefits and costs of thetransaction; management plans relating to the transaction; theexpected timing of the completion of the transaction; anystatements of expectation or belief; and any statements ofassumptions underlying any of the foregoing. Risks, uncertaintiesand assumptions include the possibility that expected benefits maynot materialize as expected; risks related to the timing orultimate completion of the transaction; and other risks that aredescribed in HP’s Quarterly Report on Form 10-Q for the fiscalquarter ended July 31, 2007 and HP’s other filings with theSecurities and Exchange Commission, including but not limitedto HP’s Annual Report on Form 10-K for the fiscal year ended Oct.31, 2006. HP assumes no obligation and does not intend to updatethese forward-looking statements.
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