M2M Group celebrated two decades of existence in December in Casablanca. Today, the firm, part of RMK holding company, announced an ambitious investment program over the period 2011-2016.
After 20 years of existence, M2M Group, a global provider of Moroccan paperless solutions and transaction management Electronic Safe, listed on the Casablanca Stock Exchange (BVC) with an estimated capitalization of more than 600 million dh, is preparing to launch an extensive development program in 2016. Redouan Bayed, part of the trio of engineers with Moroccan Mounir Essayegh founders and Abdelkrim Matrouf, was revealed recently in Casablanca, after a brief reminder of a saga that has lasted 20 years. If the early 90s, when the creation of that organization, the launch of the smart card was not evident in Morocco, it is now commonplace (6 billion shares in 2009 and nearly $ 700 billion transactions per year), M2M Group begins new challenges, he said.
Historically innovation strategy, growth and diversification has been at the heart of business, taking it elsewhere at more than fifty countries around the world. "Today, it celebrates two decades of success, the company is striving to deploy its knowledge and expertise to new activities, through its integration into a management holding company and investment," said Redouan Bayed , M2M Group co-founder.
More export of brainpower
The top management, who has a vision almost certainly the situation of the sector in 5 years, intends to strengthen its technology offering and launching new businesses in the heart of future changes in the market for secure electronic transactions, including electronic payment (mobile payment, contactless technology, e-Gov services, ...). The officials confirmed a stronger emphasis on training and financing to the economy. Besides, to bring the tools of industrialization and infrastructure, a center of international outsourcing 4000 sq ft, will be located in Nouasseur (aéropole Casablanca area) and operational in the second half of 2011. M2M also be moving in March 2011 in a brand new office to further concretize the implementation of a program of external growth in the medium term, we are assured.
With the integration of this group in the holding and management investment RMK, created in 2002 (owned by founders, and proceeds from the sale of shares of M2M), which now holds 51% share M2M Group, the strategic sectors (management systems, IT services, cards and secure documents) will be better invested, and those with high added value. Already, the holding company provides an investment program of 300 million DH of 5 years, financed by own funds at a rate of Dh 150 million on technology (M2M Group), 150 million on art & dh , culture (Timlif Productions) and 5 million dh on Environment and Sustainable Development (Enovia).
Specialist Moroccan electronic card, which claims the fundamentals of this technology in countries such as Chile and Ethiopia will continue its foray into the African continent where it is present in all current discussions.
source: afriquatime.com
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