Everything Blockchain Inc. Enters into a $47 Million Partnership with Al Rushaid Technologies
On April 4th, it was announced that Everything Blockchain Inc. (EBI) has reached a partnership with Al Rushaid Technologies (ART) today. The two companies will work together to pro
On April 4th, it was announced that Everything Blockchain Inc. (EBI) has reached a partnership with Al Rushaid Technologies (ART) today. The two companies will work together to provide highly differentiated data protection solutions for countries in the Middle East and North Africa. This five-year distribution agreement, totaling $47 million, is based on performance and is paid in installments to EBI. ART will become the exclusive agent of the company’s EB control platform in several Middle East and North African countries, including Saudi Arabia, Bahrain, Kuwait, United Arab Emirates, Oman, and Egypt. （Globe Newswire）
Blockchain company EBI collaborates with Al Rushaid Technologies to expand global business
Introduction
On April 4th, Everything Blockchain Inc. (EBI) announced its partnership with Al Rushaid Technologies (ART) in a five-year distribution agreement worth $47 million. ART will now become the exclusive agent for EBI’s EB control platform in various Middle Eastern and North African countries, such as Saudi Arabia, Bahrain, United Arab Emirates, Kuwait, Oman, and Egypt. The partnership aims to provide highly differentiated data protection solutions to these countries.
The Details of the Partnership
EBI is well-known for developing blockchain-based software that provides data security and protection to various industries. ART, on the other hand, is an established technology company in the Middle East that focuses on providing innovative solutions and services for its customers. The partnership between these two companies aims to address the needs of companies in the Middle East and North Africa who require advanced data protection solutions.
The $47 million partnership is based on performance and will be paid in installments to EBI. ART has become the exclusive agent for EBI’s EB control platform and will market and distribute it to various industries in the Middle East and North Africa. This partnership is part of EBI’s global expansion strategy, as the company aims to provide its data protection solutions to different parts of the world.
How Will the Partnership Benefit Companies in the Middle East and North Africa?
The partnership between EBI and ART will benefit companies in the Middle East and North Africa by providing them with highly differentiated data protection solutions. These solutions are crucial in today’s digital age, where data breaches are becoming increasingly common. Companies in the region can now have peace of mind knowing that their data is secure, thanks to the advanced data protection solutions provided by EBI.
Moreover, the partnership will help companies in the region to comply with data protection regulations that vary across different countries. The EB control platform is designed to comply with various data protection regulations, making it easier for companies in the Middle East and North Africa to adhere to these regulations.
Conclusion
The partnership between EBI and ART is a significant milestone in the blockchain-based software company’s global expansion strategy. The $47 million partnership aims to provide highly differentiated data protection solutions to various industries in the Middle East and North Africa. This partnership highlights the importance of advanced data protection solutions in today’s digital age.
FAQs
1. What is Everything Blockchain Inc.?
Everything Blockchain Inc. (EBI) is a technology company that develops blockchain-based software that provides data security and protection to various industries.
2. Who is Al Rushaid Technologies?
Al Rushaid Technologies (ART) is an established technology company in the Middle East that focuses on providing innovative solutions and services for its customers.
3. What is the EB control platform?
The EB control platform is a blockchain-based software developed by EBI that provides advanced data protection solutions to various industries.
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