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Cranes Software & The Kanoo Group Launch Middle East Operations

Monday, 07 November 2005   

Cranes Software Middle East LLC (CSIME), a joint venture involving Cranes Software International Ltd. and The Kanoo Group, has launched its operations in the Middle East by opening an office in Dubai.

The Company plans to offer to clients customized solutions in its product domains and services in the areas of Analytics; enterprise project and portfolio management, Six Sigma consulting, and enterprise applications by leveraging its own products, IP's and capabilities. The verticals that will be targeted include Banking, Financial Services and Insurance, Retail, Petrochemical Manufacturing, Pharmaceutical and Life Sciences, Education, and Travel to name a few.

Speaking on the joint venture, Mr. Mishal Kanoo, Deputy Chairman of The Kanoo Group, said, "The joint venture with Cranes Software International is another significant milestone for The Kanoo Group. Cranes Software owns some of the best Scientific and Engineering software products and is considered the industry leader in its products domain. Cranes Software's products have a worldwide reach and there is a huge potential for these products in the Middle East market. This joint venture relationship will help us promote Cranes Software's state-of-the-art products through our strong network in the Middle East."

Speaking about CSIME's plans for the region, Mr. Mueed Khader, Director, Cranes Software International Ltd., said, "The Middle East is one of the fastest growing regions in the world and a very significant market for Cranes Software. With our global experience and our joint venture with The Kanoo Group, one of the largest business conglomerates in the Middle East, we hope to be a key IT player in the Middle East in the near future. We will look at leveraging from The Kanoo Group's brand equity, wide reach and vast network of partners and clients."

The venture will also enable greater focused access to the Middle East of Cranes Software's major products, namely Statistical, Data Visualization and Engineering tools such as SYSTAT, the Sigma Product Line and the NISA family of FEA products.

The launch of the Middle East venture signifies the commitment of Cranes Software International Ltd to customers and partners in ensuring the highest level of support and benefits of its latest research and technology. Its award winning products and solutions are offered worldwide, and are widely accepted by multinational companies, R&D establishments and educational institutions in US, Europe, Japan, Australia, and other regions.

About The Kanoo Group

The Kanoo Group is a diversified business conglomerate in the United Arab Emirates with business activities across the world's most dynamic industries from Shipping, Travel, Holidays, Machinery, Oil & Gas, Power & Industrial Projects to Exhibition services, Courier Services, Logistics, Specialty Chemicals and Business Centers. In addition, The Kanoo Group has a remarkable history in forming joint ventures with world-class companies serving the service and industrial sectors such as AXA Insurance (Gulf), Mearsk, BASF, Johnson Arabia, Freightworks and others.

For further information on The Kanoo Group, please visit www.kanoo.com.

About Cranes Software International Limited

Cranes Software is a global scientific & engineering products and solutions provider. The Company's business interests straddle products, services, R&D in future technologies, training and high-end consultancy for engineers and scientist worldwide. Focused on the scientific and engineering community, Cranes Software has addressed the needs of a variety of customer groups ranging from large multinational companies to government, defense, educational and research institutions for over a decade.

Today, Cranes Software has its presence in 39 countries across the world and has a customer base of more than 350,000. Cranes Software also offers world-renowned solutions from reputed principals such as The MathWorks, Texas Instruments, IBM through product alliances.

With a mission statement to provide its customers the best in scientific technology and to enable its customers to define new limits, Cranes Software is setting new standards in the scientific and engineering field.

For further information on the company, please visit www.cranessoftware.com.

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