E7gezly and PassApp Are Now Split Into Two Different Companies

A15, the leading technology investor has announced that E7gezly, the online booking provider, and PassApp, the digital mobile passes solution, will be split into two separate companies. A15 will be taking full ownership of E7gezly and Hany El Boraie, founder of PassApp, will be taking full ownership of his company PassApp.

This decision came based on El Boraie’s will to focus his time and dedication to PassApp as a separate company and not as a product within E7gezly. Fadi Antaki, A15’s CEO said that while Hany has been an important cornerstone of the success of E7gezly, A15 respects his decision to focus more on PassApp and to spin it out as its own company. “We are excited about Hany’s decision to focus on PassApp and we believe that under his leadership and with his vision, it will be a hit very soon, and we are looking forward to the possibility of investing in PassApp in the near future,” added Antaki.

Hany El Boraie, commented on the exit and said, “Our journey with A15 has been a very exciting. We highly respect and believe in Fady Younan’s, E7gezly’s new CEO, ability to continue to drive E7gezly’s growth and execute its strategy for becoming a leading digital provider in the industry. We hope E7gezly’s future continues to be exceptional and we wish the E7gezly team the very best in the next phase of their growth.”

E7gezly was founded in 2012; and provides a seamless booking solution for event organizers and venues. It will now have new management under the direction of its new CEO, Fady Younan.