OpenLegacy, a pioneer in digital-driven integration for core legacy systems, and UAE SEED Group, a company of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, signed a strategic partnership that will allow United Arab Emirates (UAE) companies in retail and wholesale, private healthcare, oil and gas, and financial services to accelerate their digital transformation journey.
“With the OpenLegacy technology helping organizations around the world access hard-to-reach data, we have concluded that it is very important to work with them in one of the fastest-growing markets in the world — the UAE, Dubai in particular. We are proud to finally recognize them as one of our valued partners and look forward to working with them to expand the potential of digital transformation in the UAE,” said Hisham Al Gurg, CEO of SEED Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum.
“We are pleased to collaborate with SEED Group and, with the support of their local expertise, bring our technology to UAE organizations to help them build a digital experience faster and easier, in an effort to follow the tracks of the UAE’s National Innovation Strategy,” said Romi Stein, OpenLegacy CEO and co-founder. “While being able to create digital services without being slowed down by their legacy infrastructures, our worldwide customers realize ten-times faster legacy API creation and a 75-percent reduction in API lifecycle costs with five-times faster performance.”
Earlier this year Japanese Financial services company SBI Holdings invested 20 million USD in OpenLegacy, as it was focusing on implementing Ripple Powered MoneyTap, a blockchain based payment application in Japan and building internet banking across SBI’s portfolio of Japanese Banks.
SEED Group has been partnering with Blockchain related companies over the past two years as it builds its digital solution portfolio.