EDB-backed Technacy to invest $3 million to expand operations
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Bahrain-based technology solutions provider, Technacy, has announced its expansion plans in Bahrain, with a $3 million investment, backed by the Bahrain Economic Development Board (EDB).
The company said it plans to introduce advanced tech solutions, including IPTV services, pay TV services, OTT applications, on-demand viewing, and analytics, with a focus on strategic partnerships with telecom providers, large-scale commercial and residential projects, real estate developers, and hospitality brands.
Technacy also aims to streamline IPTV architecture innovation, product planning and design mechanism, delivering an efficient process for the client and an enhanced viewing experience for the consumer. Musab Abdulla, Executive Director – Business Development for ICT at the Bahrain EDB said: “We are pleased to support Technacy’s expansion, which will have a positive impact on its digital economy.”
Athul Thomas Benny, Business Development and Partnerships Manager at Technacy added, "Our American software R&D and European hardware development partnerships will take centre stage in our plans as we aim to revolutionise our clients' TV viewing experience."
Headquartered in the Kingdom of Bahrain, Technacy serves clients across the region, including in Saudi Arabia, the UAE, and Egypt.