Beyon Solutions, a digital transformation specialist within the Beyon Group, has signed a definitive agreement to acquire a controlling stake in Link Development.
Link Development is a leading regional software company focused on helping businesses go digital. With offices in Egypt, Saudi Arabia, and the UAE, they boast a team of over 700 skilled professionals who deliver innovative solutions to a wide range of clients.
This acquisition marks a significant step for Beyon Solutions. By joining forces, the two companies will create one of the largest hubs for digital transformation services in the region.
Link Development boasts a strong regional presence with over 700 professionals across seven offices. They’re known for crafting innovative digital solutions for a wide range of clients, both private and public. Beyon Solutions, a digital transformation specialist, focuses on delivering secure, efficient, and scalable solutions that drive results for businesses.Their focus on innovation and strategic partnerships has fueled their rapid growth.
This acquisition, a major step for Beyon Solutions, unites these two powerhouses to create a regional leader in digital transformation services.
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 CEO Nicholas Toon elaborated by saying, “Integrating a major organisation 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.”
Karim Beshara, Managing Partner of A15, 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 Solutions 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.”
Beyon, owned by Bahrain’s sovereign wealth fund Mumtalakat, aims to build a global technology powerhouse.
They achieve this by acquiring and nurturing diverse digital companies across various sectors. Beyon Solutions’ recent acquisition of Link Development exemplifies this strategy. Together, they’ll offer cloud, application, infrastructure,cybersecurity, and consulting services, driving digital transformation for businesses and governments worldwide, and expanding into new markets with innovative solutions.
