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CMCS Opens Branch In Greece To Leverage Project-Driven Opportunities
Published May 27, 2010
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Collaboration, Management and Control Solutions (CMCS) has announced the opening of its branch in Greece SA to boost project-driven developments in the country. The move comes at a time when Greece is expected to allocate a portion of the EUR 110 billion financial aid it will be receiving from the European Union and the International Monetary Fund over the next three years for key projects aimed at rejuvenating the country’s economy and business environments.
Over the next three years, key projects and development initiatives will revitalize the country’s economy and business environment. The launching of CMCS Greece follows the opening of a new office in Italy and is part of the company’s strategic European expansion. Despite its financial challenges, Greece remains an important player within the South East European (SEE) market, with many Greek energy, industrial, telecommunications and financial corporations operating within the region. CMCS Greece SA aims to be the first company to offer a fully integrated and highly efficient Project Management approach in the country and expects its revenue to scale to 110 million Euros in the next few years, according to Paul Lekkas, General Manager of CMCS Greece SA. Aside from Greece, CMCS plans to establish a presence in Cyprus and all other major SEE emerging territories such as Bulgaria, Romania, Serbia, Bosnia-Herzegovina, Albania, Croatia and Former Yugoslav Republic of Macedonia (FYROM).
“We have several active customers in Greece and in other South East European countries, so our new branch will enable us to gain better insights on what they need and how we can improve our offerings. We believe that despite the general sentiment that Greece poses a bit of an investment risk, it actually offers numerous opportunities especially in project-driven businesses, mainly because it is a hub for SEE commerce. The key is to have an in-depth understanding of the local and regional market mechanics, which is what we expect to achieve via our new branch,” said Bassam Samman, CEO and Founder, CMCS.
Samman also pointed out that Greece possesses a huge project management resource pool with qualified engineers and professionals who can be significantly advantageous to the overall Corporate CMCS Group expansion and customer satisfaction strategy.
Some CMCS capabilities will be offered for the first time in Greece and area countries through the new office, with the company’s full line of programs and services already certified by EU training providers. CMCS Greece is eyeing local partners such as systems integrators serving vertical sectors and organizations using Oracle’s Primavera Enterprise Portfolio Management solution. Among the project-driven industries being targeted by the upstart branch are Engineering & Construction, Energy, Transport, Finance and Banking, and Municipal Services and Operations.
Collaboration, Management and Control Solutions CMCS offers Project Portfolio and Risk Management Information System solutions for the Engineering & Construction, Power, Energy & Process, IT & Telecommunication and Government sectors in the Middle East. Its integrated solutions are based on state-of-the-art solutions from Oracle Primavera, Hard Dollar, Deltek, EcoSys, ADePT, eTimeMachine, and Synchro.
Posted by
VMD - [Virtual Marketing Department]
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