The Holding Company
OTVentures creates a powerful customer experience through its online and mobile solutions portfolio. Empowering brands, governments, and consumers through a diverse blend of digital solutions spanning social marketing, content services, mobile VAS, solution development, and hosting services. Through our innovative digital products we touch the lives of more than 50% of MENA internet users, and 72% of MENA mobile subscribers every day. With exclusive partnerships with the most prominent global players (msn, Facebook, and more than 100 content providers), we provide exposure and reach that creates strong, lasting impacts for our clients. OTVentures has over 14+ offices covering all markets across the Middle East and North Africa in addition to Canada, Italy, Pakistan, and Bangladesh, as well as remote operations in USA.
Our commitment to innovation continues to drive us to pioneer the digital world, and hence are looking to expand our partners network of publishers, technology vendors, and new social players. Always eager to explore possible partnership models and how to expand your business in the MENA region and other parts of the globe, through our relationship with 35+ operators and our geographical outreach.
February 2, 2012, Cairo, Egypt
OTVentures, the regional giant in online and mobile technology, an affiliate of Orascom Telecom, Media & Technology (OTMT), acquired 51% in DARE’n’DEAL, the largest and fastest growing group-buying site in Egypt, valued at EGP 20 million.
This deal represents a turning point in the development of the region’s e-commerce industry.
As OTVentures CEO, Hanan Abdel Meguid, explained: “The acquisition was but an initial step on the path of the execution of an expansive strategy
in the field of e-commerce within the Arab region, as well as the merging of e-commerce and mobile technology”, given that the assessment of the Middle East market for e-commerce is about US$ 5.8 billion, together with a foreseen annual
increase of 30%.