GEC NEWS WIREInfor, a global vendor in business cloud software specialised by industry, announced that Mazad BSC, subsidiary of Bahrain Mumtalakat Holding Company, Bahrain’s sovereign wealth fund, has selected various solutions from Infor. These include Infor CloudSuite Facilities Management, Infor OS, Infor CloudSuite Industrial, Infor Mongoose Framework to unify and integrate management of government assets.
The organiser of Bahrain’s online and offline auctions, Mazad was established in April 2017. Designed to facilitate market growth, efficiency and revenue optimisation, Mazad organised the Kingdom’s first private vehicle registration number plates auction, achieving record auction returns. The revenue from its first auction, which was conducted in collaboration with UAE-based Arabian Auctions, reached $4.56 million. Today, the Bahrain-based entity also organises online and offline auctions of government assets.
The system is due to go live in 2019. Under the deal, Infor will provide Mazad BSC with a SaaS platform. Aligning with the Bahraini government’s strategic relationship with Amazon Web Services AWS, Mazad BSC chose Infor’s industry-specific solutions to help digitise and optimise operations to reach new levels of efficiency and streamline complex processes. The Infor applications were chosen for their user-friendly interface that can be easily adapted based on current needs, effective cost management, and long-term asset value.
- Infor OS
- Infor ION
- Infor Ming.le
- Infor Mongoose
- Infor CloudSuite Facilities Management
- Infor CloudSuite Industrial solutions
Talal Al Oraifi, CEO of Mazad, said: “Operational efficiency is critical to our success, leading us to seek the most suitable digital solutions and technology partner for our business. With its user-friendly software products, we are confident that Infor will help optimise and streamline our many processes. This is in line with our adoption of the Government of Bahrain’s Cloud First Policy, which saw us migrate to the AWS cloud.”
“Supporting the Bahraini government’s digital transformation strategy, we wanted an end-to-end software-as-a-service offering with an emphasis on enterprise asset management,” explained Mohamed Sater, Head of Information Technology at Mumtalakat. “It was important for us that the technology vendor we chose had a flexible offer based on the AWS cloud, and we chose to work with Infor because of its proven AWS-based cloud solution and its track record in EAM. We look forward to a successful partnership as we overhaul our in-house applications and move facilities management to the cloud.”
“With Bahrain having the foresight to create a strategic data centre with AWS in the region, Infor is placed to support government and private-sector companies to leverage the power of cloud solutions,” said Jonathan Wood, General Manager, IMEA, Infor. “We are delighted to support Mazad BSC as it builds a strategic business in Bahrain, and we look forward to future co-operation opportunities with innovative businesses in the Kingdom.”
Key takeaways
Strategy
- Infor will provide Mazad with a SaaS platform and the system will go live in 2019.
- Mazad also organises online and offline auctions of government assets.
Execution
- Infor was chosen for user-friendly interface, cost management, long-term asset value.
- Infor CloudSuite Facilities Management, Infor OS, Infor CloudSuite Industrial, Infor Mongoose Framework.
Cash
- Mazad organised Bahrain’s first private vehicle registration number plates auction, achieving record auction returns.
