This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Building A Solid IT Infrastructure A Key To Success For Investment In Iraq

ERBIL, Iraq, April 26, 2013 /PRNewswire/ -- For multinationals investing in Iraq, building a solid information technology (IT) infrastructure is a major challenge. Oil and gas producers require robust satellite connections from the remote locations, while banks, hotels and service businesses need a full array of digital, mobile and social media services.

" Iraq remains a difficult, but exciting place to work," said Dan Bosak, managing director of Iridium Solutions, a full-service IT company based in Erbil, the capital of Kurdistan, a semi-autonomous region in northern Iraq.  "We are committed to the Iraq market, running everything from our offices in Erbil.  This gives us a deep understanding of the market landscape and allows us to better serve our customers by having true first-hand knowledge of the obstacles they face."

Established in 2009, Iridium Solutions has built strategic partnerships with Cisco, Hewlett Packard, Microsoft and VMware to provide complete solutions for IT needs throughout Iraq. For example, Iridium Solutions signed a contract with Kurdistan International Bank last year to provide connectivity between branch offices, network redesign, filtering, and VoIP services. In the oil and gas sector, major clients include HKN Energy and Hunt Oil.

"We understand the great opportunities that exist in this emerging market, and are dedicated to helping propel the reconstruction efforts and bring true prosperity to Iraq," said Elias Bechara, Iridium Solutions president.

Dalawr Chalabi, director, Department of Information Technology, Kurdistan Regional Government (KRG) – Iraq, says a liberal approach to trade and investment, rooted in free market principles, is bringing more foreign investment into the region. "There are major opportunities that exist for investors in many sectors of our market, including oil and gas, banking, infrastructure, tourism and education," he said.

However, that lack of IT infrastructure also poses a serious problem for international businesses, according to Bashar Saba, director of information technology of Erbil Rotana, a luxury business hotel in Erbil.  "The original contractor had not conducted a proper study of the IT infrastructure," Saba said. "As a result, our system had serious network problems which inconvenienced our guests and our business operations."

Saba said Iridium Solutions had to redesign and restructure the hotel's entire network, hardware, software and configuration. "They were able to resolve all our problems and save our business and image," he said.  "As a remote business travel destination that is lacking most of the IT resources and services, Iridium Solutions is like an oasis in a desert."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs