• Home
• /
• Business

BAE Systems keen on technology ventures in the region

DUBAI BAE Systems, the $13 billion global technology company with interests in , military aircraft, electronics, naval platforms, systems integration in the air sea and space, yesterday said it is keen to partner Middle East based companies in its new technology ventures in the region.

"We have more than 50 new technologies in the pipeline in different areas of our expertise, which could have commercial applications across the world including the Middle East. We are open to co-operation with companies and entrepreneurs from the region who can commercially apply these technologies," said David L Allott, managing director -Ventures, BAE Systems.

Currently, BAE Systems' has business interest in the region through its joint venture company, Reveda, a technology company based in Dubai Internet City. BAE has 49 per cent stake in Reveda, UK, which has named DIC its global headquarters.

Reveda employs technologies from BAE Systems in process management and reporting. Its key product CoreTechs is a corporate level process management, tracking/re-engineering tool that provides business process and metrics in real-time. David Burton, CEO of Reveda said: "We research, develop and deliver software applications to address some of the key issues in corporate business management. Companies of all sizes in the region have shown interest in CoreTechs, our real time process management and reporting tool."

Reveda, which plans to go public in three years have plans to expand its operation in the Middle East Africa and Asia from its new global head quarters in Dubai Internet City.

"We feel that DIC is an ideal operations centre for both sales and support with excellent communications worldwide. Reveda is an avid supporter of business development policies of the UAE Government," Burton said.