Implementation of Strategic Technology Alliance Supporting Five-Year Growth Plan
White Pearl Technology Group AB (Nasdaq First North: WPTG_B) today announced a strategic technology alliance with leading technology and consulting firms to accelerate innovation and expand market reach across key regions. The alliance brings together seven partners:
- Experienced Certified Consulting (ECC) – Egypt (WPTG subsidiary)
- New Digital Future (NDF) – Egypt (WPTG subsidiary)
- Cloud – Egypt (WPTG subsidiary)
- Global Identity Technology Services (GITS) - Qatar
- Experts Hive Corp (Exp-Hive) - Canada
- Innovation Oasis (Ioasis Tech) - UAE
- GulfBoost IT Solutions - Saudi Arabi
The alliance represents a key implementation milestone in WPTG's five-year growth strategy, announced in September 2024, targeting SEK 700 million in revenue by 2028. The expected USD 15 million revenue contribution from this alliance is included in these projections. This collaboration strengthens WPTG's presence in existing markets while establishing new operational capabilities in Qatar and Canada and expanding coverage across North Africa, including Morocco, Tunisia, and Algeria.
Marco Marangoni, CEO of White Pearl Technology Group, said: "This alliance marks a significant step in our global expansion strategy. By combining our expertise with these strategic partners, we are well-positioned to accelerate growth across new markets."
Ibrahim Srour, Chief Operating Officer of WPTG and co-CEO of ECC, added: "This collaboration creates a powerful platform for innovation and growth. Our enhanced capabilities will enable us to deliver comprehensive solutions across North America and North Africa, complementing our strong presence in the Middle East."
Strategic Focus Areas:
- Market presence expansion
- Technology solution development
- Operational efficiency
- Research and development
- Strategic account development in the Middle East, North Africa, and North America regions
For more information, please contact:
Investor Relations Manager White Pearl Technology Group AB
Email: [email protected]
Phone: +46 707 340804
The company's Certified Adviser is Amudova AB, email: [email protected].
About White Pearl Technology Group AB: White Pearl Technology Group AB (WPTG) is a global technology company specialising in digital transformation solutions. With a presence in over 30 countries and a team of more than 650 experts, WPTG helps organisations navigate the complexities of the digital age, offering services ranging from ICT and system integration to business software and digital innovation.