Intel and Dubai Silicon Oasis invests in Sphere Networks software developer

The investment will allow Sphere Networks to increase its regional presence and to extend its product offering. The amount of the investment was not disclosed.

The investment, announced today by Christian Morales, Intel VP Sales & Marketing and General Manager, Europe Middle East and Africa, is part of Intel's drive to expand its economic, educational and technology-related support across the UAE.

Under this program, Intel continues to increase its investment in four key areas: local entrepreneurship, education, digital accessibility and specialized technical competencies, to help promote technology skills, knowledge transfer and jobs creation in the UAE.

Commenting on the announcement, Morales underlined the importance of fostering innovative, home-grown ideas and noted that today's news illustrates Intel's ongoing commitment to collaborate with local players that share the vision of taking entrepreneurial projects to the next level of global competitiveness.

At a press gathering, Feroz Sanaulla, Intel Capital Director, Middle East, Turkey and Africa added: "Sphere's strong involvement with the local channel and their focus on developing UAE designed technology is in line with our long-term drive to endorse local ideas and innovation to advance computing and communications platforms in the UAE."

Commenting on the occasion, Mohamed Hamedi, CEO and Founder of Sphere Networks said, "At Sphere Networks, we constantly look at new ways to provide synergistic tools that allow our customers to manage their networks easily, securely and cost-effectively. The investment by Intel and Dubai Silicon Oasis will help us provide the necessary tools to make our customers' networks some of the best-run networks in use today."

Joined at the press was Dr. Juma Al Matrooshi, Senior Chief Corporate Services Officer at Dubai Silicon Oasis Authority (DSOA), who said, "We believe that today's announcement underlines Dubai Silicon Oasis' position as one of the premier technology, research and development hubs in the region"

"Technology transfer and collaborations are the order of the day and close collaborations bring people and societies together. We believe this move will reinforce our ongoing commitment to contribute to the country's overall economic development and the creation of a knowledge - based economy."

Dr. Juma Added.

Intel currently works with several local governments, educational institutions, businesses, NGOs, program developers, local businesses, and other groups to expand the use and understanding of technology.