The Minister of Communications and Information Technology Amr Talaat has opened the Archer Integrated Risk Management (IRM) office in New Cairo. Archer is a leading American provider of enterprise risk management solutions.
The opening ceremony witnessed the presence of key dignitaries including Ahmed Elzaher, CEO of the Information Technology Industry Development Agency (ITIDA), Sarah Kahler, Senior Director of Business Operations at Archer IRM and a member of the company's Executive Leadership Team, Matt Tinsley, Senior Director of Global Services at Archer IRM, Rasha El Kaliouby, Director and General Manager at Archer IRM in Egypt, alongside officials from the Ministry of Communications and Information Technology (MCIT), Archer in the United States (US), and various markets.
The inauguration of the Archer IRM office at Cairo Festival City Business Park aligns with the company's expansion strategy to bolster its presence in the Egyptian market. Last year, Cairo was chosen as the location for Archer's first office in the Middle East.
Furthermore, the company aims to expand its operations from its Egyptian base. Currently, the office boasts a team of over 140 talented employees specializing in engineering, research and development (R&D), technical support, sales, pre-sales, marketing, and customer services in more than nine languages, among other professional services.
In line with its growth trajectory, the company plans to increase its headcount in Egypt by hiring at least 150 new engineers specializing in export-oriented operations over the next three years, as part of the Memorandum of Understanding (MoU) inked with ITIDA last April.
In his remarks, the ICT Minister emphasized that the efficiency and ability of Egyptian youth to harness technology contributed to making the ICT sector the fastest-growing state sector nationwide for five years in a row and an attractive destination for investments by ICT multinationals. He underlined that Archer IRM office opening and planning to expand its operations in Egypt come as part of the efforts to develop Egypt's capabilities in the outsourcing industry and attract multinationals to establish their outsourcing centers, run by Egyptian youth specializing in various ICT disciplines.
The ICT Minister commended Archer's expansion plans in Egypt to increase the number of its employees to serve its customers worldwide in multiple languages. The company also employs youth from different academic backgrounds, highlighting that the ICT sector is now open to graduates of various faculties and is not limited only to ICT-related specializations, Talaat underlined. He underscored MCIT continuous effort to offer more digital capacity-building initiatives for youth to increase the number of trainees and technological specializations and qualify them for decent job opportunities in these promising fields.
Elzaher highlighted ITIDA's efforts to improve the business environment and enhance the attractiveness of the Egyptian ICT sector to foreign investors. He reiterated ITIDA's commitment to supporting Archer in optimizing its business operations in Egypt, in alignment with the MoU signed between the two entities, as part of the Digital Egypt Strategy for Offshoring Industry 2022-2026.
Kahler, speaking on behalf of Archer, emphasized that the acquisition by Cinven has strengthened the company's position as a global leader in Governance, Risk, and Compliance (GRC) software. She credited Archer Egypt for its contribution to this achievement, emphasizing the office's independent operations in providing integrated services for the company. She further stated that Archer Egypt has prioritized its ongoing expansion to reinforce its position in integrated risk management strategically.
El Kaliouby emphasized the importance of driving innovation, pointing to the company's commitment to developing localized solutions with a global mindset while keeping pace with the requirements of the worldwide marketplace. She added that this approach ushers in a new era of efficiency and adaptability in risk management, empowering organizations to flourish in the highly dynamic landscape.
It is noteworthy that Archer, founded in 2001 and headquartered in the State of Kansas, USA, has offices in Egypt and India. As a leading provider of enterprise risk management, GRC, and IT risk management solutions, the company empowers organizations worldwide to manage risks, ensure compliance, and make informed decisions. With a customer base exceeding 1,300 across various sectors, Archer continues to innovate and lead in the field of risk management.
