ITWorx is one of the largest software outsourcing firms in Egypt, with offices in Saudi Arabia, UAE, Qatar, Europe and the USA. A key development during fiscal 2020 was the successful sale of the Education business. The Development business is performing better than expected due to increased demand resulting from a change in companies’ operating models caused by COVID-19. ITWorx recently launched a new product that targets the airline sector.

Read More
Asset Class:
Private Equity
Information Technology
Project Status:
Partially Exited
Project managers:
Mahmood Mohammed Zainal

Latest News from ITWorx

Region’s Leading Software Company, ITWorx, Changes Hands in Move for Global Growth

5th November 2008

Joint investors Venture Capital Bank, EuroMena Fund, a private equity fund sponsored by Capital Trust Group, and Proparco purchase 79% of the Middle East Region's leading software company in view of further expansion plans internationally.  ...

Read More