Dubai, United Arab Emirates – 20 January 2021 – Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has inked a strategic partnership with Spain-headquartered Voovio Technologies, a simulation technology firm that serves various industries such as petrochemicals and manufacturing.
The agreement will see Seed Group facilitating Voovio in expanding its footprint in the Middle East and North Africa region and adding to its existing customer base in the US and Europe. The Seed Group, which has played a crucial role in expediting the technology ecosystem in the region and helping many foreign companies to establish a strong base in the region in the last over a decade, will also help Voovio in reaching the right audience and customising its products and services as per the local requirements.
Hisham Al Gurg, CEO of Seed Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, said, “Voovio is a market leader in the simulation industry and has been awarded with rare patents that speak volumes about their in-house knowledge and cutting-edge offerings. We are pleased to join them as they look forward to expanding their operations in the UAE and the wider Middle East.”
Founded in 2008, Voovio started with the goal of replicating reality for display on any screen, giving users the feeling that they are interacting with the real world. In 2014, it was awarded a patent for this technology. The company was granted its second patent in 2017 and a third one in 2018.
“Voovio’s productivity tools can help the regional companies to boost performance, minimise capital expenditure, reduce operational risks, cut environmental impact, and solve future industrial challenges. It has the right potential to accelerate the digital transformation that our region is undergoing at this moment,” said Mr Al Gurg.
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Madrid-based private equity firm Moira Capital Partners invested $18 million in Voovio, in September 2020, to help fund its future growth and accelerate its expansion in the US, European and Middle Eastern markets.
“We help our clients make lasting improvements to their performance thanks to our proprietary Enhanced Reality technology. We are sure to help MENA region businesses to cut overall costs and significantly add to their earnings by incorporating our products,” said Jaime Aguilera, CEO and co-founder of Voovio.
Voovio immediately reduces risks and errors in industrial operations throughout the world, thereby saving thousands of lives, billions of dollars, and protecting the environment. Using its patented technology, it is building a future where digital replicas and simulation serve people, create value, and improve quality of life.
Voovio has been developing industrial solutions for the past 12 years. With a wealth of proprietary technology and a deep understanding of their customers’ needs, Voovio has become the market leader of Digital Solutions for the process Industry operators, bringing the 4.0 Industrial Revolution to the floor plants.
Voovio is eager to extend its footprint to the MENA region, after its successful deployment in the US & Canada, and is pleased to join forces with the Seed Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum to accomplish this challenge. For more information, visit www.voovio.com.
Over the past 16 years, Seed Group has formed strategic alliances with leading global companies representing diverse regions and industries. These companies have propelled their business interests and goals in the Middle East and North Africa region through the support and strong base of regional connections of the Seed Group. The Group’s goal is to create mutually beneficial partnerships with multinational organisations and to accelerate their sustainable market entry and presence within the MENA region. Seed Group has been a key point in the success of all its partners in the region helping them reach their target customers and accelerate their businesses. The Private Office was established by Sheikh Saeed bin Ahmed Al Maktoum to directly invest in or assist potential business opportunities in the region, which meet The Private Office’s criteria. For more information, visit www.seedgroup.com.
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