JSE-listed technology group iOCO Limited has expanded its operations in Saudi Arabia as demand for cloud services accelerates in the Kingdom.
The move strengthens the company’s regional cloud practice and builds on its partnership with Amazon Web Services (AWS), it said in a statement on Tuesday.
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iOCO, formerly known as EOH Holdings, rebranded in 2024 after being hit by State Capture corruption allegations.
It says its expansion in the Middle East’s biggest country comes as Saudi Arabia increases investment in data centres and cloud infrastructure under its Vision 2030 economic diversification programme.
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The reform agenda has driven cloud adoption across government departments and private enterprises as organisations modernise legacy systems and strengthen cybersecurity.
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iOCO says it is investing in local delivery capacity to support cloud strategy, migration and modern application development in the Saudi market.
“Our expansion reflects the pace of the Kingdom’s digital transformation. Cloud is a key enabler of Vision 2030,” says Richard Vester, chief executive for cloud at iOCO.
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He adds that organisations are seeking partners able to implement secure cloud platforms and deliver measurable business outcomes.
iOCO employs about 4 500 people across its South African and international operations. Its services span software development, data analytics, automation, cloud and cybersecurity.
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* Likho Mbuka is an intern at Moneyweb.
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