Tunisian consulting firm, Biware, has closed its first investment at a total of $1.2m (3.5 million dinars).
The firm which is also into software integration and publishing raised the funding round with CDC Gestion and Zitouna Capital.
This investment is a significant step for Biware to move forward and carry out its strategic development plan (2021–2026) which is financed and supported by the EBRD in conjunction with PROQUAL.
With the help of this fundraising, Biware also hopes to have 100 African and European branches and engineers.
Biware is a firm that specializes in data management and analysis, and it has been operating in the African and European markets for 11 years.
The technological firm was founded in 2011 with the objective to assist businesses in deriving value from their data pools for strategic purposes like cutting losses, reducing costs and increasing revenues.
Biware uses both SAS Partner (SAS(R)) and Microsoft Gold Partner (Microsoft (R)) technologies to assist clients in making the right decisions like demand forecasting, knowing and targeting their customers, and detecting and managing fraud. It also responds to their business concerns.
It has served telecommunications operators, the African banking sector and energy sector.
Biware has a portfolio of an estimated fifty clients in the African and European markets, and these clients are mostly large corporations in the telecommunications, service, finance, energy, and retail sectors.
It began investing greatly in product development and digital accelerators that are concerned with analytics in the finance and human resource management areas, all in a bid to fulfill the rising needs of the small market area and medium-sized businesses.
Biware is confident that businesses will gain a competitive advantage by fundamentally restructuring their operations via automation and the gradual integration of AI into their internal and external processes.
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