Foursan Group has acquired a 21% stake in MenaITech, a leading software development company specializing in HR management solutions in the MENA region.

Target Information

MenaITech, a prominent software development company established in 2003 in Jordan, specializes in providing both on-premise and cloud-based human resource management solutions. The company has established a robust presence in the MENA region, serving over 2,500 clients and reaching more than 1.5 million users across more than 19 countries.

With its innovative approach and commitment to service, MenaITech has positioned itself as a leading provider of HR solutions in the region. The company's comprehensive offerings reflect its dedication to leveraging technology for enhanced workforce management and organizational efficiency.

Industry Overview

The software development sector in Jordan has seen significant growth, driven by the increasing demand for digital transformation and cloud-based solutions.