Bespin Global, a leading cloud MSP, announced that it has signed a definitive agreement with e& Enterprise, a leading digital services provider in UAE (formerly Etisalat Digital) for over $100 million in investments by e& into Bespin Global. In addition to the equity investment into Bespin Global, e& Enterprise, part of e& (formerly known as Etisalat Group), and Bespin Global will form a joint venture that will serve the customers in Middle East, North Africa and Pakistan. In addition, Bespin Global has agreed on the definitive terms by which existing shareholders can invest additional $155 million.
John HanJoo Lee, CEO and co-founder of Bespin Global said, “By combining forces with e& enterprise in the METAP region, we are bringing much needed cloud managed services to the region where cloud adoption is about to explode. e& enterprise has deep customer relationships and the trust of its customers and Bespin Global has the deep cloud management capabilities. Together, we can accelerate cloud adoption in the region. Additionally, we welcome e& as our shareholder. It’s a clear validation of our track record as a trusted cloud managed services provider on the global stage.”
Salvador Anglada, CEO of e& enterprise, said: “e& enterprise always works closely with customers to maximize their digital potential by designing, delivering and operating impactful, intelligent and secure end-to-end digital solutions. The joint venture with Bespin Global and the investment in the holding company are part of our ongoing efforts to extend our cloud offerings and establish our commitment as a trusted partner to governments and enterprises in the UAE.”
The total investments announced today are worth over $100 million. Bespin Global also announced that it has reached agreement with the existing shareholders for an additional $155 million in investments. Bespin Global intends to use the capital mostly for acquisitions.