ESKADENIA Software, Amman, Jordan, March, 2008

The strategic decision to change into a private shareholding company is accompanied with a raise in the ESKADENIA Software registered working capital.

The adjustment in brand and legal status is an anticipated outcome from the very natural and steady growth that ESKADENIA Software has been undergoing since its establishment in Jordan in year 2000.

As the direction of the company for the past seven years has been towards building a line-up of advanced Telecom, Enterprise, and Internet software ‘products’ and Intellectual Property (IP), the company’s brand name and logo have been updated to reflect this solid and strategic product orientation. The re-branding better positions the company as an innovator of its own technologically advanced registered software products, rather than a provider of merely bespoke software ‘solutions’.

“We look forward to introduce a share option program for senior employees in the company and to strengthen the organisation’s brand, products, and human resources much further. We have also recently finished the IP registration of the ESKADENIA Software distinctive brand in several countries through Abu-Ghazaleh Intellectual Property (AGIP) including the Middle East, India and China in preparation for further expansion in operations”, said Doha Abdelkhaleq, Executive Director at ESKADENIA Software.

About Private Shareholding Companies

A private shareholding company Status is a novelty that was introduced by the Jordanian legislator on 2003 as part of a total reform to allow for the vibrant sectors with focus on the ICT sector and its companies to function according to more flexible platforms than the traditional ones provided by old laws.

Private shareholding companies are subject to the provisions governing public shareholding companies in all matters not expressly covered in the legislation or the articles or memorandum of association. The company may issue various types and categories of shares and options which differ in their terms of nominal value, priority rights, transfer rights, voting force and method of profit and loss distribution and is managed by a board of directors. Its general assembly is composed of all the company shareholders.

About AGIP 

Abu-Ghazaleh Intellectual Property (AGIP) is the leading Intellectual Property service provider in the Middle East with 28 offices throughout the Arab countries, in addition to India, China, Turkey, Pakistan, Cyprus and Russia, liaison offices in Europe, the UK and Canada and a network of 180 correspondent offices worldwide.

AGIP provides aggregate Intellectual Property services covering trademark, patent, copyright, design and domain name registration, renewal, valuation, litigation, research and investigation, translation, watch and infringement and was ranked by Managing Intellectual Property the top IP firm in the Middle East in 2007 and 2008 and among the top 10 IP firms in the world. 

About ESKADENIA Software

ESKADENIA^® Software is active in the design, development and deployment of a range of software products in the Telecommunications, Enterprise and Internet application areas. The company is based in Jordan and has sales activities in Europe, the Middle East and Africa; more than 80% of its sales are exported to the Global ICT market. ESKADENIA Software is a product and market-oriented organisation that assists enterprises and promotes businesses by use of highly effective IT strategies, solutions and tools. ESKADENIA Software strongly believes that a company's achievement is based on the success of its Human Resources and the commitment to quality and excellence that each one holds strong to. ESKADENIA Software endeavours as a team to maintain quality and customer respect, build up perseverance, and foster innovation.

For more information, please contact Lina Hussein at PR_Communications@eskadenia.com, or visit our site, www.eskadenia.com

###