Fadel Systems joins ITG Holding
- Lebanon: Thursday, February 07 - 2013 at 13:33
- PRESS RELEASE
ITG SAL (Holding) and Fadel Systems SAL are proud to announce that they have entered into a definitive merger agreement, whereby ITG SAL (Holding) will acquire the majority of shares of Fadel Systems SAL.
Mr. Tarek E. Fadel, Chairman & CEO of Fadel Systems (Beirut), added: "We are very excited at the tremendous opportunities that this merger presents. In addition to continuing to provide our customers with the very best Oracle ERP and Middleware Implementation Services, we will also expand our portfolio of offerings across other key Oracle products. Our customers will benefit from an expanded team and service offerings combined with our relentless dedication to customer satisfaction. We will work closely with our customers, partners and employees to make the integration process seamless. It is worth noting that the current management team of Fadel Systems will remain intact. Mr. Mounir Rahmeh, who was instrumental in the growth of the company will remain the General Manager and will be actively supported by ITG's executive team to take the company to the next level. The integration of both companies will take place over the next few weeks. Of course, in the meantime our customers will continue to receive the same high quality services from Fadel Systems, which they have come to expect".
Fadel Systems SAL, which will be renamed to PrimeWare and will - effective immediately - operate under this new name, is now a subsidiary of ITG Holding.
ITG and Fadel Systems announced the merger during a conference that took place at the Phoenicia Beirut Hotel, on January 30th, gathering ITG and Fadel Systems most valuable customers, as well as Oracle Middle East executives.
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