SBS-Dubai Acquires WebTag-India For Smart Governance Application Development
DUBAI, UAE, October 29, 2013 /PRNewswire/ --
Superior Business Solutions SBS group, headquartered in Dubai, UAE, announced today the completion of acquisition of a Hyderabad, India based company - WebTag India. As per the agreement signed, the acquisition will encompass transfer of all assets and intellectual properties to a new entity branded SuperiorTag Business Solutions India Pvt. Ltd., SBS India.
WebTag, a renowned company, has over the years been consistently developing and deploying state of the art, cutting edge smartphone applications, professional web solutions, cloud based applications and hosting services. In addition, WebTag has its product base in Digital Signage niche, branded DigitalTag® that has wide customer base across India.
"After diligent review of Indian market, we identified WebTag as a right-fit acquisition that gels with our vision for the future. We are confident that this acquisition will add value to our existing regional offices in UAE, Egypt and Qatar.SBS sees this strategic acquisition as a move to further expand its operations, accelerate next growth phase in terms of people, processes and technological advancement," Adel Eid Yousef , Chief Executive Officer of SBS Group said. " Governments in Gulf region are rapidly moving towards deploying advanced smart applications to offer better services and improve the living standards of their citizens. SBS, with the acquisition of WebTag is strategically placed to carve a niche for itself in this segment. " he further added. SBS India board has approved the name of Mr. Nagesh Gadde as Director, Operations for SBS India. The board of directors also agreed to increase the capital investment to expand the research and development center in Hyderabad. Superior Business Solutions SBS is promoted and managed by professionals with enormous experience in various Information technology industries. SBS is specialized in total integrated solutions delivery with specific focus on healthcare software solutions. With its presence in Middle East, Egypt, India and Qatar, SBS has been delivering, over the years, best of breed customer centric solutions to its customers, thus improving their bottom-line, improving efficiency and increasing productivity. SBS operates with Head office in Dubai, UAE and Qatar extending IT services to clients across the Middle East region. SBS is aligned with strategic leading Information system providers such as Thomson Reuters, PowerHealth, InfinittHealthcare, MAK Systems, and SPARK Dental Solutions to provide latest innovative solutions from around the globe to the Gulf region.
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