ERP company Infor has posted triple-digit growth in the first half of fiscal 2017 fuelled by growth India and the Middle East.
“Expansion in the Middle East and across the larger IMEA region is increasingly being driven by a healthy cloud uptake in what will likely be a decade-long ERP replacement market,” said Tarik Taman, general manager of IMEA at Infor.
This trend is in line with a recent report by research firm Markets and Markets, which shows the Middle East cloud applications market set to nearly triple from $888 million in 2015 to $2.4 billion in 2020.
Since the launch of the IMEA region in July 2016, Infor has added numerous customers in the Cloud including Saudi Arabian mall and property firm Arabian Centers, which is a division of Al Hokair Industries, India’s largest retailer Future Group, and leading manufacturers Future Pipe Industries and S.K.M. Air-conditioning.
Infor IMEA is a rapidly-expanding 2,500+ person organization, with offices in Dubai, Jeddah, Cairo, Tunisia, and six cities across India.
“With more than 5,000 customers and plans to quintuple the IMEA market share by 2020, Infor remains committed to this fast-growing, dynamic region and is poised to help our customers take their businesses to the next level through cloud adoption and digital transformation,” said Taman.
Infor announced the acquisition of Accentia Middle East, an Infor partner serving the Middle East, North Africa, and India (IMEA) region. The acquisition of Accentia, structured as a purchase of the assets of Accentia Middle East and its affiliates, significantly expands Infor’s presence in the region.
Based in Cairo, Egypt, Accentia has approximately 80 employees and offices in Dubai (UAE), Jeddah (Saudi Arabia), Casablanca (Morocco), and Pune (India).
The company has customers in 17 countries and specializes in selling and implementing Infor M3, a centralized ERP solution for medium to large enterprises in the manufacturing, distribution, and equipment industries.
