Ali and Sons acquires 40% share of Omnitec International

Strategic partnership sealed as part of A&S diversification program

[ClickPress, Mon Jun 06 2005] As part of its diversification plans, Ali and Sons Group of Companies recently inked a strategic partnership with Dubai-based Omnitec International (FZ) LLC. As part of the deal, Ali and Sons acquired 40% shares of Omnitec, representing web technology in its diverse portfolio of businesses.

Omnitec International (FZ) LLC specializes on web-based software platform design for Remote Operational Asset Management (ROAM) tracking devices and software. ROAM techmology provides end-to-end solutions to a wide range of customers from individuals owning yachts and expensive cars to corporation engage in foodstuff distribution, courier service, iil and gas, car rental, marine and transportation companies.

The Remote Asset Management industry has witnessed potential growth over the last 5-7 years. Although there is no established standard software platform for the industry, Omnitec International has led the way to pioneer systems for major wireless network companies, terminal manufacturers and banks in the country. The ROAM system has already taken an advanced position to become industry leader due to its advanced technology, flexibility and robust architecture.

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