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ITQUBATETM launches first company

United Arab Emirates: Tuesday, October 16 - 2001 @ 12:00

Tony Sparks, ITQUBATE’s™ chief technology officer (CTO) said, “We are delighted to be launching our first accelerated company. The incubation has been rapid from start to finish and we are pleased to see Resolution’s initial sales are strong. Resolution is a software development house with high quality, low cost solutions targeting the Arabic world.”

The need:
Al Bawardi Enterprises Technology Investments was pitching for a number of large software development projects throughout the UAE. After running several competitive analysis studies the results showed that the competition were either highly priced or using Asian software factories or "sweat shops" to produce low quality products. After initial negotiation with a number of Asian companies, they were unhappy with process and methodology being used; the level of skill being provided; and the inability to work in Arabic & inability to instigate "Arabisation".

The solution:
Through their existing relationship with Andersen Consulting (now Accenture), Al Bawardi Enterprises Technology Investments became aware of a non-operational software development facility in Amman, Jordan that Andersen Consulting were interested in selling off.

ITQUBATE™ goes to work:
ITQUBATE™ was called in to evaluated the situation. In short, the low cost of operation and the huge pool of talent were the determining factors. All considered the opportunity for ITQUBATE™ to accelerate the business and spin off a profitable stand-alone company was good. ITQUBATE™ successfully purchased the software house from Andersen and began the process of building the Software Factory.

ITQUBATE™ created the business plan, and went through several iterations with Al Bawardi Enterprises Technology Investments to ensure that the final business would fit their need and that of their clients. Once this was finalized, ITQUBATE™ hired a General Manager with exceptionally relevant experience, and put in place a top management structure, while employing talented local engineers.

A company is born:
Resolutions™ took their first order in May 2001, and completed their first e–solution implementation in October 2001. They have since secured work on existing Accenture projects throughout the region, as well as providing resources to Al Bawardi Enterprises Technology Investments.

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Tuesday, October 16- 2001 @ 12:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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