Sector: IT Software & Solutions

Country: Egypt


Year of investment: 2007

In December 2007, EuroMena Limited Partnership, VC Bank and PROPARCO formed a holding, which acquired a controlling stake in ITWorx. The company is the largest software development outsourcing company in Egypt. The Company’s services include offering portals, business intelligence, service-oriented architecture and product development services.

Founded in 1994, ITWorx is a global software professional services organization. In 2014, the group was divided into two distinct and compelling business divisions:

– ITWorx Education offers education products and solutions designed for 21st century learning and teaching.
– ITWorx Development offers a broad range of solutions and services, particularly in the fields of mobility, cloud and big data.

The group serves over a 100 clients including governments, financial services firms, educational institutions, telecom operators and media companies. ITWorx has built a strong presence in the US, Europe, GCC, and the MENA region, based on its strategic partnership with Microsoft, its IP, its track record of delivering complex projects, and its talented workforce of c.750 professionals. Most of the employees are based in the company’s headquarter in Cairo, Egypt. ITWorx’s other offices outside Egypt serve mainly as sales and marketing offices.