Link Development acquired by Beyon Solutions

Link development, acquisition, Beyon solutions

5 months 1 week ago

Manama, Bahrain – In a definitive move set to transform the digital landscape of the MENA region, Beyon Solutions, part of the Beyon Group and a portfolio company of Bahrain Mumtalakat Holding Company "Mumtalakat" headquartered in the Kingdom of Bahrain, has entered into agreement to acquire a controlling stake in Link Development, a leading regional provider of software solutions for digital transformation, with operations in Egypt, the Kingdom of Saudi Arabia and UAE.

The deal was signed by Beyon Group CEO and Beyon Solutions Chairman Mikkel Vinter, Karim Beshara, Managing Partner of A15, a major shareholder of Link Development, and Link Development CEO Hesham El Beih. Beyon Digital CEO Shaikh Mohamed bin Khalifa Al Khalifa, Beyon Solutions CEO Nicholas Toon, Link Development CCO Asser Ramadan and senior management from both parties were also present at the signing event, which took place at Beyon’s Campus, Hamala, Bahrain, on 14 May.

With over 27 years at the forefront of technology innovation, Link Development has expertly navigated the digital transformation needs of both private and public sectors across Egypt, Saudi Arabia, the UAE, and beyond. Our extensive experience and a team of over 700 professionals have seamlessly integrated into Beyon Solutions' expansive growth strategy.

A Strategic Enhancement of Digital Capabilities

The acquisition significantly amplifies our market presence and enables us to leverage a broader network of resources, expertise, and support. By incorporating Link Development's advanced technological capabilities with Beyon Solutions' strategic vision, we are set to offer even more robust and comprehensive digital solutions. This integration strengthens our partnerships with major technology providers like Microsoft, AWS, and OutSystems, enhancing our collective ability to deliver state-of-the-art digital solutions to our growing customer base.

Beyon Solutions, part of the Beyon Group, is a leader in end-to-end digital transformation services across the MENA region. Specializing in ICT solutions, IT infrastructure and Cloud services, Cyber Security, Digital Solutions, and Data Analytics & AI, Beyon Solutions is positioned to drive transformational change in enterprise and government sectors.

Beyon Digital CEO, Shaikh Mohamed bin Khalifa Al Khalifa commented on the occasion saying, “We are delighted to take this major step to acquire such a prominent regional operation as Link Development and extend appreciation to Beyon Solutions chairman Mikkel Vinter for driving ambitious strategic plans aimed at growing the company’s regional presence and portfolio.”

“The transaction is a testament to our commitment to contribute toward digital transformation in the region, supported by a strong backbone of team members across Beyon Digital’s network of companies, regional offices and delivery centers across 10 countries,” Shaikh Mohamed added.

Beyon Solutions group CEO, Nicholas Toon elaborated by saying, “Integrating a major organization such as Link Development is a strategic move that aligns with our ambitions and greatly enhances our solution and service offering across our regional group. Link Development and Beyon Solutions hold strategic partnerships with key vendors such as Microsoft, AWS, and OutSystems, and the synergy created through the acquisition will augment the scope of the Beyon Solutions portfolio and enable the seamless delivery of cutting-edge digital solutions to our growing regional customer base.”

“Furthermore, the team members within Link Development are exceptionally skilled and experienced and I am confident that combined with the capabilities that exist across the group, we will deliver great things.”

Renewed Commitment to Innovation and Client Success

This new chapter signifies a renewal of our commitment to excellence, with an enhanced focus on driving client success through innovative digital solutions. We are dedicated to upholding our renowned standards of quality and innovation, ensuring that our combined expertise continues to meet the dynamic needs of our diverse clientele.

A15 Managing Partner, Karim Beshara also remarked "On behalf of A15, I want to extend my heartfelt gratitude to the entire Link Development team for their outstanding achievements over the past years. It has truly been an incredible journey, marked by dedication and unwavering commitment to excellence. This marks A15's eighth exit, a testament to our consistent track record in helping create outliers and realizing returns through the cycle. We firmly believe Beyon is an excellent strategic fit that will accelerate growth and create significant value. We are excited about the company's future prospects and look forward to seeing the combined organization achieve continued success going forward.”

Link Development CEO, Hesham El Beih stated, “I'm thrilled about the opportunities this acquisition presents for our customers. By joining forces with Beyon Solutions, we're not only enhancing our ability to deliver exceptional customer experiences but also expanding our commercial reach into previously untapped regions. This strategic move allows us to broaden our solutions footprint, ensuring that we can meet the evolving needs of clients on a global scale, while maintaining a commitment to innovation and excellence.”

Future Outlook

We look forward to the remarkable opportunities this acquisition presents. As part of Beyon Solutions, Link Development is poised to profoundly influence the digital transformation industry and help our clients achieve their strategic objectives.

We extend our gratitude to our clients, partners, and the dedicated teams at both Link Development and Beyon Solutions for their continued support and commitment. Together, we anticipate a future rich with innovation, growth, and unparalleled success.

Beyon Solutions

Beyon Solutions, an agile IT and digital transformation consultancy offering cutting edge system integration solutions to businesses of all sizes, to help them build a scalable, efficient, and secure IT landscape. Beyon Solutions capitalizes on its solid partnerships with leading global ICT providers.

A15

Founded in 2014, A15 is an early-stage venture fund that invests in start-ups in the Middle East and North Africa region. A15 prides itself on partnering with exceptional entrepreneurs early on in their journey, working together to unlock value and build businesses that stand the test of time. With years of experience in building, scaling, and exiting businesses across different industries and geographies, A15 supports entrepreneurs to fulfil their vision and accelerate growth.