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Everything Blockchain Inc. Partners with Al Rushaid Technologies to Provide Data Protection Solutions

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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

Everything Blockchain Inc. Partners with Al Rushaid Technologies to Provide Data Protection Solutions

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

As announced on April 4th, Everything Blockchain Inc. (EBI) has partnered with Al Rushaid Technologies (ART) to offer unique data protection solutions to various countries in the Middle East and North Africa. This article covers the five-year distribution agreement between EBI and ART, including the terms of the partnership, the benefits, and the implications of the agreement.

Overview of the Partnership

The partnership between EBI and ART involves a five-year distribution agreement worth $47 million. The agreement is performance-based and 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, the United Arab Emirates, Oman, and Egypt. The partnership aims to provide highly differentiated data protection solutions to countries in the region, leveraging the expertise of both companies in the field.

Benefits of the Partnership

The partnership between EBI and ART will benefit both companies in several ways. EBI will benefit from the distribution agreement with ART, which will enable the company to expand its reach in the Middle East and North Africa. Through ART’s established network and reputation in the region, EBI will be able to penetrate the market and promote its EB control platform more effectively. Additionally, the partnership will provide EBI with a steady stream of revenue over the five-year term of the agreement, which can be reinvested in the company’s research and development efforts.
On the other hand, ART will benefit from the partnership by having access to EBI’s innovative technology and expertise in data protection solutions. ART will be able to leverage EBI’s technology to offer unique and differentiated data protection solutions to its customers in the region. Additionally, the partnership with EBI will enable ART to diversify its product offerings beyond its existing portfolio, which includes software systems integration and digital transformation solutions.

Implications of the Partnership

The partnership between EBI and ART has several implications for the data protection industry in the Middle East and North Africa. Firstly, the partnership demonstrates the growing demand for data protection solutions in the region, as companies look to safeguard their data against cyber threats and unauthorized access. Secondly, the partnership reflects the need for innovative and differentiated data protection solutions that can address the unique challenges of the Middle East and North Africa. Lastly, the partnership highlights the importance of collaborations and strategic partnerships in the data protection industry, as companies seek to combine their strengths and resources to offer the best solutions to their customers.

Conclusion

In conclusion, the partnership between EBI and ART represents a significant milestone in the data protection industry in the Middle East and North Africa. The five-year distribution agreement worth $47 million will enable the two companies to provide highly differentiated data protection solutions to several countries in the region. The partnership benefits both companies by providing EBI with a wider reach and steady revenue stream, and ART with access to innovative technology and diversified product offerings. The partnership also has significant implications for the data protection industry in the region, highlighting the demand for innovative and differentiated solutions, and the importance of collaborations and strategic partnerships.

FAQs

1. What is Everything Blockchain Inc.’s EB control platform?
A: EB control platform is EBI’s proprietary technology for data protection solutions that leverages blockchain technology.
2. How will the partnership with Al Rushaid Technologies benefit Everything Blockchain Inc.?
A: The partnership will enable EBI to expand its reach in the Middle East and North Africa, access ART’s established network and reputation in the region, and provide a steady revenue stream for five years.
3. What are the implications of the partnership for the data protection industry in the Middle East and North Africa?
A: The partnership reflects the growing demand for innovative and differentiated data protection solutions in the region, and the importance of collaborations and strategic partnerships in the industry.

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