Dubai: e& Enterprise has announced the successful formation of a joint venture (JV) with Bespin Global, known as "Bespin Global MEA." The JV officially commenced operations on May 25, 2023, offering public cloud managed and professional services in the Middle East, Turkey, Africa, and Pakistan (METAP) region.
Under the terms of the agreement, e& Enterprise owns a majority stake of 65% in the joint venture, while Bespin Global holds a 35% ownership share. The formation of Bespin Global MEA marks an important milestone for both companies, solidifying their commitment to expanding their presence in the METAP market.
In addition to the establishment of the JV, e& Enterprise has made a significant investment of USD 60 million in Bespin Global. This strategic investment has resulted in e& Enterprise acquiring a stake of approximately 10% in Bespin Global, strengthening the partnership between the two organisations.
As of May 2023, the joint venture will be accounted for as a subsidiary of e& Enterprise. This integration allows for closer collaboration and synergy between e& Enterprise and Bespin Global, facilitating the delivery of enhanced cloud services and technology solutions to clients in the METAP region.
With its expertise in cloud technology and digital transformation solutions, e& Enterprise is well-positioned to support the growth and development of Bespin Global MEA. The joint venture will leverage the combined strengths of both companies to provide comprehensive and tailored public cloud managed and professional services, catering to the unique requirements of businesses operating in the METAP region.
By joining forces, e& Enterprise and Bespin Global aim to drive innovation, accelerate digital transformation, and empower organizations in the Middle East, Turkey, Africa, and Pakistan. The partnership reflects their shared vision of delivering exceptional cloud services and creating long-term value for customers across various industries.
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