e& enterprise, Bespin Global form JV operating across METAP offering cloud,

e& enterprise, announced signing of a binding agreement to form a joint venture with Bespin Global, a public cloud managed services provider. The joint venture will be branded “Bespin Global MEA, an e& enterprise company”, focusing on offering public cloud, managed and professional services to serve the customers in the Middle East, Turkey, Africa and Pakistan,

METAP.

The joint venture will leverage on the capabilities of both companies. e& enterprise will provide strong local market presence and its broad portfolio of digital transformation solutions. Bespin Global will provide deep expertise in cloud migration, cloud operations, cloud native application development, cloud optimi- e& enterprise has the option to invest another $60 million within a period of 18 months from completion of the transaction. Both shareholders will contribute growth capital to the JV. The total investment and future commitments announced today are worth over $100 million. As a part of the agreement, e& enterprise will also invest in Bespin Global’s holding company.

The JV will be 65% owned by e& enterprise and 35% by Bespin Global. Both e& enterprise and Bespin Global will contribute their existing public cloud businesses and related professional and managed services from the region to the JV. e& enterprise will be making a primary investment of $60 million in Bespin Global and join its Board of Directors.