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Raqmiyat to highlight extensive banking systems and IT services portfolio at MEFTEC 2008

United Arab Emirates: Tuesday, February 05 - 2008 @ 10:30

Leveraging the tremendous opportunities within the region, Raqmiyat, a leading UAE-based systems integrator, has announced its participation at MEFTEC 2008, the region’s premier financial technology event, which is being held at the Bahrain International Exhibition Centre from February 11-12, 2008.

The company will highlight its extensive range of banking systems and IT services portfolio at the exhibition, which is set to draw high profile financial technology decision makers, IT buyers and vendors in an exclusive and well-targeted exhibition.

Focusing on its ‘Unified Front End’ solutions for financial institutions, Raqmiyat expects to attract the attention of top IT officials through this pioneering system, which facilitates user’s access to multiple systems within the bank using a single unified front-end application.

The leading systems integrator is also set to bring the spotlight to its wide array of technologies from well-established partner vendors such as SOA Vision for Item Processors from Unisys, Cheque Truncation Systems from Aperta and the complete suite of Treasury and FX-related products from Wallstreet Systems. In addition, Raqmiyat has identified the tremendous opportunity to gain further brand awareness for the private banking and wealth management solutions and services from Odyssey Financial Technologies at the event.

“With the growing demand for compliance to international and local standards among banking and financial firms across the region, the financial technology market in the Middle East and neighbouring regions has been witnessing substantial growth through the years,” said Tapas Roy, COO, Raqmiyat. “MEFTEC’s significant contribution to the market’s growth has been driven by the event’s ability to gather a captured top-calibre audience and provide exhibiting vendors with optimal opportunity to build important business relationships crucial to surpassing competition. Our participation at this event demonstrates the heights at which we are planning to take our regional operations, as we target officials belonging to the uppermost echelons of IT in the financial industry.”

According to IDC, the market for outsourced IT services in the UAE is projected to reach $170.5m (Dhs626m) in 2010 from $81.27m (Dhs298m) recorded in 2006. Raqmiyat plans to leverage this growth by strengthening its team and resources on hand to offer key outsourcing services including management, hosting and infrastructure, information systems, network and desktop management and software development services to various companies in the region.

“The increase in outsourced IT services is an inevitable development considering the rapid growth of businesses in the UAE and across the region. With companies wanting to stay ahead of the competition, one of the most efficient ways to achieve a leading position is to focus on developing quality internal resources while outsourcing non-core resources to a highly capable partner. At a time when efficiency in support services is a critical factor towards ensuring smooth operations, we believe that an organisation must be able to allocate its resources in the most efficient manner,” concluded Roy.

Dubai-based Raqmiyat, the primary IT company of the Al Ghurair business group, offers world-class business and technology solutions through partnerships with international firms. With several certifications on the technical front, Raqmiyat’s team of experienced professionals provides proficient services and support to its clients, guaranteeing business continuity on 24/7 basis. Raqmiyat has maintained a strong local presence through its strategically located offices in Dubai and Abu Dhabi, and emerged as one of UAE’s most trusted IT solutions provider and systems integrator for the past 17 years.

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Tuesday, February 5- 2008 @ 10:30 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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