CorporateStack, has today announced its roadmap to expand its operations over the next few months, which would include the addition of new offices, new channel partnerships, as well as the appointment of new staff to support all new expansion plans across the regions.
Despite the Corona pandemic, the company has grown and increased its revenues by 2x from January to June 2020 in terms of Year-on-Year performance due to client acquisitions increasing by 33% over the same period. This growth has seen some traction in VCs looking to acquire a stake in the company but has been set aside as their valuation had grown three times since their last assessment. Their strategy of being a strategic SME provider to the top five MNOs in the Middle East and Africa region has been key to this growth and expansion.
“Our biggest asset is our ability to onboard a customer and deploy the necessary solutions within a single day, in most cases, and has proven to be a great conversion factor for us. This is something not many providers in our space are able to offer and this works in our favour”, says Osama Mortada, founder and CEO of CorporateStack.
Osama continued “We have gotten the Board of Directors approval for our expansion plan and we are going ahead full steam. Riding on our successful expansion into region, which will see a spurt of business from there, we are bullish about our movement into Saudi Arabia, Kuwait, South Africa and even the European markets. We have managed to add Healthcare, Education, Manufacturing and Retail in the past few months, and will continue to add more wins from other sectors in the future.”