e& enterprise announces the successful 100% acquisition of Smartworld
e& enterprise, part of e& (formerly known as Etisalat Group), announced it has completed its acquisition of Smartworld, one of the UAE’s leading technology solutions providers and systems integrators. The acquisition marks a major milestone for e& enterprise as it progresses into the enterprise digital space and enables organizations to maximize their digital potential.
Smartworld will now operate under e& enterprise and formally rebranded to e& enterprise IoT and ai. Smartworld’s solutions portfolio will be embedded in the established Internet of Things (IoT) and Artificial Intelligence (AI) business lines of e& enterprise. The acquisition is envisioned to create enormous business value for e& enterprise customers and business partners, and further solidifies its technological leadership in the digital transformation conversation.
Previously Vice President (VP) of IoT and AI Industry Solutions at e& enterprise, Alberto Araque will now head e& enterprise iot and ai as its newly appointed Chief Executive Officer. Initially joining e& enterprise in 2015 as VP leading the IoT practice and later Digital Payments, Industry Solutions, and the new AI unit, through the new company, Alberto will build new capabilities, expand the business into new industry verticals and capitalize on IoT and AI opportunities, making e& enterprise IoT and ai the end-to-end partner for enterprises and governments.
Smartworld was established in 2008 and is the market leader in implementing and operating advanced technology solutions. It has been engaged in multiple mega projects across various industries, servicing some of the finest organizations in the UAE, such as Expo 2020 Dubai, Dubai Airports, Nakheel, Jumeirah, and Meraas. The Smartworld solutions portfolio includes infrastructure, Information & Communication Technologies (ICT), smart building, security, audiovisual (AV), and smart solutions.
Etisalat Group has changed its brand identity to e&, effective from 23 February 2022. Its strategy aims to accelerate growth through the creation of a resilient business model representing the Group’s main business pillars. The telecoms business currently continues to be led by Etisalat by e& in e&’s home market and by e& international in the subsidiaries outside of the UAE, upholding the Group’s rich telecoms heritage, bolstering the strong telecoms network and maximizing value for the Group’s various customer segments. Ramping up the digital services for individual customers to elevate their digital-first lifestyle, e& life brings next-generation technologies through smart connectivity platforms in entertainment, retail and financial technology. To enable the digital transformation of governments, large-scale enterprises, and corporates, e& enterprise focuses on maximizing value through its end-to-end solutions in cybersecurity, cloud, Internet of Things (IoT), and Artificial Intelligence (AI), as well as deploying mega projects. e& capital allows the Group to focus its efforts on driving new mergers and acquisitions while maximizing shareholder value and strengthening its global presence