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  1. Mubasher News
  2. Reachware closes $3mn round led by Sadu Capital

Reachware closes $3mn round led by Sadu Capital

GHADA.ISMAIL
Sep 4, 2024
Reachware is going to launch new product to enhance data of companies and make them accessible to their executives.

Riyadh – Sharikat Mubasher: Hamza Abusitta, CEO of Reachware disclosed to Sharikat Mubasher that his company successfully closed a $3 million funding round led by Sadu Capital, adding that his company aims to simplify the digital transformation process for small and medium enterprises from inside Saudi Arabia and beyond.

Reachware is one of the more recent additions to the systems integrator field that offers system integration solutions to businesses of all sizes, and across industries. Reachware helps businesses transform to deliver services like strategic insight analytics, process transformation consulting, and organizational guidance. Reachware team helps clients build a scalable, efficient, and secure IT landscape to reach their unique integration goals.

Abusitta added that his company so far achieved annual subscriptions worth $1.7 million with 250 million data transfer operations from one system to another.

He further stated that Reachware offered services to 300 clients, linked 250 systems, and opened 4000 accounts on its cloud system.

Abusitta also mentioned a new product that the company is going to launch that works to enhance the data of companies and make them accessible to their executives. 

Tags

Reachware
Saudi Arabia
24 Fintech
fundraising
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