McLaren Strategic Ventures has secured a partnership with Redington Value to help small-to-medium sized businesses in the Middle East, North Africa and Turkey in their transition to the digital economy.
McLaren, a global digital accelerator, and Redington Value, the largest IT distributor in the Middle East, Africa, and Turkey, said in a press release that their partnership will enable enterprises to reduce costs and execute technology that will help drive their business initiatives forward.
"This collaboration brings together two market leaders with synergistic business models that help accelerate digital transformation for small to medium-size businesses," said Anubhav Saxena, CEO at McLaren SV. "The huge IT distribution reach of Redington Value within the Middle East, Africa, and Turkey, together with the McLaren SV model for acceleration, joint ventures, acquisitions and portfolio companies, provides unparalleled opportunities with access to the latest technology, to accelerate the customer's digital transformation efforts."
Data released by MAGNiTT reports that Middle East and North Africa (MENA) start-up businesses noted a record $1 billion in investments, representing a 13% increase from figures recorded in 2019, though the number of investment deals have declined. According to data garnered by the Kenneth Research firm, the MENA's transition to digital platforms are expected to reach $2,791 million by 2025, projected to grow at an annual rate of 16.4%.