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Ace Software Exports Ltd. has sanctioned setting up a wholly-owned subsidiary in UAE, a strategic move to strengthen its global presence in the area of digital product development. The new company, provisionally to be called AQE Techtools, will focus on developing innovative software, web, mobile, and SaaS-based solutions for high-growth industries like engineering, manufacturing, retail, and healthcare.
The UAE subsidiary will be a hub for delivery and innovation for the world, leveraging next-generation technologies including AI/ML, data sciences, and industrial automation. The move aligns with Ace Software's vision to increase its digital transformation solutions and tap into the growing demand for enterprise technology solutions in the Middle East.
Key Highlights:
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New structure: Wholly owned subsidiary to be incorporated in the UA
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Proposed name: AQE Techtools (pending regulatory approval)
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Focus areas: AI-based software, SaaS platforms, and digital transformation
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Target sectors: Manufacturing, engineering, retailing, healthcare
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Strategic intent: Increase global delivery capacity and diversify revenues
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Tech stack: AI/ML, data analytics, automation, cloud-native development
This expansion is part of Ace Software's vision to be a global digital solutions partner with strong presence in centers of emerging technology.
Source: MoneyWorks4Me – Ace Software Subsidiary Approval | MarketScreener – Board Resolution Details
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