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AD Ports Group’s Maqta Gateway Acquires TTEK ...

Abu Dhabi, UAE – 24 April 2023: Maqta Gateway, AD Ports Group’s (ADX: ADPORTS) digital arm, today announced the acquisition of TTEK Inc, a developer of border control solutions and customs systems, to reinforce its market position as a leading digital trade and holistic Single Window solution provider.

The total purchase consideration for the acquisition (Enterprise Value) of 100% ownership amounts to USD26.7 million with an upfront payment of USD17.1 million. The acquisition will extend Maqta Gateway’s existing digital trade solutions portfolio by incorporating border optimisation management solutions, which utilise disruptive technologies such as artificial intelligence, machine learning and advanced risk analytics.

AD Ports Group’s Maqta Gateway Acquires TTEK Inc.

machine learning

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2 years in a row! TTEK named as one of CIO Review Magazine's 20 Most Promising Enterprise Risk Management Solution Providers - 2018

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2 years in a row! TTEK named as one of CIO Review Magazine's 20 Most Promising Enterprise Risk Management Solution Providers - 2018

TTEK named again as one of CIO Review Magazine's 20 Most Promising Risk Management Providers, -now for 2018.  This is an annual list of 20 Companies at the forefront of providing top Enterprise Risk management solutions and impacting the marketplace.

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TTEK named as one of CIO Review Magazine's 20 Most Promising Enterprise Risk Management Solution Providers - 2017

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TTEK named as one of CIO Review Magazine's 20 Most Promising Enterprise Risk Management Solution Providers - 2017

We are pleased to be recognized as one of CIO Review Magazine's 20 Most Promising Risk Management Providers 2017.  Click here to go directly to the article.

EXCERPT:  Enterprise Risk Management is taking the center stage in how companies run their business. Advancements in cognitive technologies, artificial intelligence and data analytics are helping organizations go beyond traditional ways of managing risks by using smart machines to detect, predict and prevent risks. Today, since the entire nature of the risk discipline and their consequences are evolving, organizations should look beyond regulation and cost-reduction and view risk management as a strategic element of their value chain.  Please read on or download a PDF copy of the CIO Review article, or read the full magazine online here.