Posted on 14 February 2011
Software provider Sage chooses Turkey
Sage, the UK business management software provider has agreed to cooperate with Turkish business software company Verimax to provide customer relationship management (CRM) solutions in Turkey.
The office of the joint venture in Istanbul will be Sages second in its Middle East division, in addition to the companys Dubai office. It will offer pre-sales, sales and support services.
Sage is currently the third largest independent provider of CRM software in the world, with a market share of seven percent. Its revenue stood at GBP 1.3 billion in 2008.
Vikram Suri, Managing Director of Sage Middle East, said Sage chose to expand in Turkey because of the attractive growth opportunities in the business software market.
Turkey is a very unique country that has experienced tremendous growth in the past five years. The gross domestic products growth rate from 2002 to 2008 is estimated to stand at 7.4 percent, which makes Turkey one of the fastest growing economies in the world during that period, he said. With upcoming privatizations and stability boosted by the ongoing negotiations for membership to the European Union, there is more foreign direct investment coming into Turkey, he stated.
6 November 2009 Invest in Turkey (Hurriyet Daily News)