The Hindu Business Line : Omnitech centre in Bahrain

The Persian Gulf Sheikhdom of Bahrain will have its information technology related security and disaster management requirements from an Indian company. The Mumbai-based Omnitech InfoSolutions Ltd has formed OmniGulf Technologies WLL, a joint-venture with Bahrain-based Almutawa Group, with an initial investment of $2 million. The company will set up a 200-staffed managed Disaster Recovery Centre (DRC) in Bahrain, which would be subsequently expanded. It will start operations in April this year, company sources told Business Line here on Tuesday.

There are more than 235 banks and other financial institutions in Bahrain, and OmniGulf will target managing about five to fifty seats per company, which would also consider extending their DR services to other companies and verticals in the region. The initiative is in response to the growing IT and security requirements of financial firms in the Arab countries, to comply with Basel II and Sarbanes-Oxley Act (SOX) regulations.

More Stories on : Off-shore Development | Security

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
MRO TEK mulls shares buyback

Plea for open sky policy in satellite services

Essar Telecom Retail in pact with Virgin Group

Nokia to sponsor India Fashion Week

Assocham seeks tax sops for BPOs

Industry-specific tools from Oracle

EMC, NIIT tie up for storage tech training

FIPB defers decision on Vodafone deal

ADC acquiring Keonics' 11 pc stake in Krone Comm

Omnitech centre in Bahrain

UTStarcom bags BSNL contract

GVFL invests in CEON Solutions

Dell eyes low-cost personal computer; seeks lower tariff structure

Manoj Kohli heads Bharti's telecom biz