SaaS company Qila is set to expand its operations to the Middle East, aiming to meet the region’s stringent data localisation guidelines and support the adoption of Web3 technologies among enterprises. By leveraging Qila’s private cloud infrastructure, the company plans to offer localised cloud solutions and advanced data analytics tools, fostering the enhancement of Web3 adoption in the region.
The expansion strategy is expected to bring numerous benefits to enterprises in the UAE, including improved data security, compliance with local regulations, and smoother integration of blockchain technology. Qila’s newly developed cloud data analytics solution, TreePye, is designed to optimise cloud usage from both efficiency and cost perspectives, providing a significant advantage to businesses.
Through this strategic move, Qila aims to ensure compliance with data localisation regulations, utilising its private cloud infrastructure to offer state-of-the-art security protocols that protect enterprise data. The company also plans to simplify the adoption of blockchain and tokenization technologies across various sectors by offering easy API integrations, thereby facilitating broader acceptance of these technologies.
UAE: A Thriving Market for Web3 Solutions
The UAE presents a promising market for Web3 solutions due to its progressive approach to technology adoption and regulatory support for blockchain initiatives. The UAE’s proactive stance on technology and innovation aligns seamlessly with Qila’s offerings, creating an ideal environment for the company’s growth. The supportive regulations established by the UAE government for blockchain and data localization further ease the integration of Qila’s solutions into the local market.
The CEO and Co-Founder of Qila, Sid Ugrankar, has expressed that the company’s expansion into the UAE marks a significant milestone. He emphasized that by establishing a private cloud infrastructure, Qila not only adheres to local data regulations but also provides enterprises with secure and efficient Web3 solutions. The introduction of products such as ARK, ARK+, PrivaSea, and TreePye demonstrates Qila’s commitment to innovation and assisting businesses in optimizing their operations.
Qila’s platform is sector-agnostic, allowing it to cater to a wide range of industries, including healthcare, education, finance, real estate, automobile, and luxury goods. This flexibility enables Qila to meet the diverse needs of various sectors, providing tailored solutions that enhance operational efficiency and security.
Commitment to Innovation and Market Growth
Vishal Malhotra, CFO and Co-Founder of Qila, has highlighted the immense potential of the UAE market, which is at the forefront of embracing new technologies. He noted that the company’s goal is to support enterprises in their Web3 journey by offering sector-agnostic solutions and innovative tools such as ARK, ARK+, PrivaSea, and TreePye. This expansion is seen as a testament to Qila’s growth strategy and its dedication to serving diverse markets with customized solutions.
Overall, Qila’s expansion into the Middle East is a strategic move aimed at bolstering Web3 adoption through localized solutions, advanced data security, and compliance with regional regulations. The company’s innovative products and sector-agnostic platform position it well to meet the needs of various industries, driving growth and technological advancement in the region.