HYDERABAD, INDIA: Hyderabad-based IT services company ValueLabs has secured a license to operate in Dubai’s premier information technology cluster, Dubai Internet City (DIC).
The company now has its registered sales office at Business Central Towers in Dubai and will operate as a free zone limited liability company (ValueLabs FZ-LLC).
Promoted by Dubai Technology and Media Free Zone Authority, DIC provides a strategic platform for IT companies targeting emerging markets. Especially from that of a vast region extending from the Middle East to the Indian subcontinent and Africa to the CIS countries covering two billion people with a total GDP of USD 6.7 trillion.
It houses several global technology giants from a variety of sectors including software development, business services, web based and e-commerce, consultancy, sales and marketing and back office.
Ram Manjeri, senior vice president, sales and marketing, said, “Our sales office will be the primary engine of growth in the Gulf Co-operative Council (GCC) countries and would also serve as the springboard into the Central Asian and African markets.”
“ValueLabs plans to leverage its robust delivery model and build local partnerships to gain leadership among large and middle-tier companies in the region. The region is headed by Oscar Menezes, assistant vice president (Middle East), who brings with him over 15 years of experience in business development, marketing and consultancy. We plan to commit substantial investments into this region and aim to build a long-term viable business”, he added.
Membership in DIC ensures that ValueLabs is privy to a range of business-enabling services including government transactions. It also provides ValueLabs access to metro Ethernet broadband infrastructure and the world’s largest commercial IP telephony network.