STME announces record 360 per cent growth in first quarter revenues for 2006

"This is the best ever quarterly performance by STME, and has in fact surpassed our own target for the period. For STME, Q1 was characterized by significant new wins and the strengthening of existing alliances, which besides driving business growth have helped the company boost its brand image,"

said Jocelyn Al Adwani, Deputy CEO, STME. "The outstanding growth is proof that the investments STME made in finance, sales staff and marketing have yielded rich dividends."

"Beyond the surge in revenues, the quarter has been an exceptional one for STME on several other counts. We became the first company to have gained the ATP for Network Hosted Storage Status and were honored with the Cisco Storage Partner of the Year award at the recent Cisco Partner Summit in Dubai. We also had an extremely successful Event where we were Gold Sponsors at the Financial Technology Summit and Exhibition held recently in Dubai," Al Adwani said.

During the opening quarter of 2006, STME signed large deals with leading organizations from across the business spectrum in Manufacturing, Media, Investment, Oil & Gas, Telecommunications, Logistics and Islamic Banking, across territories in Saudi Arabia, Egypt, Bahrain, Kuwait, Qatar, and the UAE.
"STME's robust Q1 growth would not have been possible but for the single-minded commitment of our employees. We pride ourselves on our dedicated workforce, and the impressive revenue growth is a tribute to the individual and collective efforts of each of our staff members," Al Adwani added. "This remarkable performance would naturally raise expectations of similarly high growth in the coming quarters, and we are resolved to step up efforts to try and carry on the growth momentum into the future."

STME is a leading integrator of information storage solutions and services, working with best-of-breed technologies to provide customers with business-focused solutions to manage, store and protect their information. Founded in 1982, STME has grown to have 14 offices in 11 countries across the Middle East.