Top US Data Residency Platform, InCountry, Selects Hub71 for Middle East Headquarters
- Fast-growth tech company InCountry is already active in 70+ countries and boasts long list of strategic international investors, including Mubadala Investment Company (Mubadala)
- InCountry appoints Khaled Lababidi (former HSBC Regional Director – MENA & Turkey) to be InCountry’s MENA General Manager and Vice President
- InCountry named as one of the ‘World’s most innovative companies of 2020’ by Fast Company and ‘2020 Cool Vendor in Privacy’ according to Gartner
Top US data residency hosting platform, InCountry, has selected Abu Dhabi’s Hub71, the tech ecosystem powered by Mubadala, to be the home of its Middle East headquarters.
Recently named by Fast Company as one of the ‘World’s most innovative companies of 2020’ and named by Gartner as a 2020 Cool Vendor in Privacy, InCountry, which is active in 70+ countries, boasts a long list of strategic international investors including Mubadala Capital - Ventures. This new development marks a strategic move to capitalize on the UAE’s growing cloud market, which Gartner predicts is set to increase by 21 percent year on year.
Ibrahim Ajami, Head of Ventures, Mubadala Investment Company and Interim CEO of Hub71, commented: “Our investment in InCountry provides us with access to a dynamic cloud player which provides a unique data residency service, with massive global potential. A key pillar of Mubadala Capital’s ventures’ strategy is to leverage its international network and bring innovative portfolio companies to Abu Dhabi. The fact that InCountry has taken the decision to join Abu Dhabi's Hub71 – is testament of resilient tech ecosystems that are able to weather the storm during major macroeconomic upheaval. We look forward to supporting InCountry as they expand their presence across the MENA region.”
The San Francisco-based data residency-as-a-service platform has recently experienced rapid growth due to the growing data-sovereignty needs of multi-national organizations all over the world. With new data protection regulations expected to be introduced in the UAE in the near future, InCountry is well placed to offer innovative and scalable solutions for the local and regional market.
Peter Yared, CEO and founder of InCountry, stated: “The Middle East region has quickly become our top market and we are fortunate to have received such tremendous support from our partners in the region. Our philosophy of respecting each country’s data residency regulations and sovereignty, while enabling companies to adopt the latest cloud software, has really resonated in the Middle East. I’m pleased to establish our regional headquarters in Abu Dhabi’s Hub71 to take advantage of its holistic tech ecosystem – providing us with greater market access, world-class talent and flexible regulatory frameworks enabling us to better serve our customers.”
InCountry also named Khaled Lababidi as MENA General Manager and Vice President. Lababidi is also Ventures Partner of Singapore’s Arbor Ventures, a co-lead investor in the company, and was previously HSBC Regional Director – MENA & Turkey. With Lababidi’s extensive experience of introducing innovative technologies to large corporates and having run multiple startup incubation initiatives with HSBC, Visa and Mashreq Bank, Lababidi will be a welcome addition to the tight-knit tech community at WeWork x Hub71.
“I’m excited about growing InCountry in this region because the opportunities are ripe.” said Mr. Lababidi. “I’m inspired to be introducing innovative cloud-technologies that help multi-national organizations retain data sovereignty, while improving the adoption of modern cloud technologies.”
InCountry already runs hosting facilities in the UAE, Egypt, and other countries in the region, and is deepening its hosting arrangements in the Kingdom of Saudi Arabia by developing a co-location agreement with the Saudi Telecom Company (STC), the largest telecommunications provider in the Kingdom of Saudi Arabia.
InCountry will be established as a regional subsidiary in Abu Dhabi General Market (ADGM) and located within the vibrant WeWork x Hub71 community with over 36 global tech startups, corporates, accelerators, tech companies and venture capital firms.
Saudi Arabia saw a record amount of startup funding and deals in 2019 and continues to grow as one of MENA’s thriving startup ecosystems. Find out more details on how it is getting there in our new 2019 Saudi Arabia Venture Investment Report HERE