Conservus International Wins Red Herring 100 Europe Award

ConservusRed Herring recently announced that Conservus International was named a winner of the Red Herring 100 Europe, an award given to the top 100 private technology companies based in the EMEA (Europe, Middle East and Africa) region each year.

Conservus International is responsible for the conceptualization, design and development of a digital targeted advertising medium known as the MyConservus Portal.

The MyConservus Portal is an e-concierge service which highlights services available at a single location and provides advertisers with direct access to potential consumers while generating revenue from these advertisements.

Conservus International has similar e-concierge portals that can be used in the Hospitality, Business and Community sectors, and seeks to expand the MyConservus portal’s reach internationally by entering into potential franchise discussions with technology companies.

Conservus was one of the three UAE based technology companies that got an investment from Intel Capital earlier this year, and are also an IV Holdings portfolio company.

Red Herring’s lists of top private companies are an important part of the publication’s tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay, and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.

Intel To Invest In Three UAE Based Technology Companies

IntelIntel, the world’s largest maker of computer chips, announced it will be investing in three UAE-based technology companies.

The funding will come from the $50 million Intel Capital Middle East and Turkey Fund, and is aimed to assist the companies in pursuing regional growth and development plans in addition to extending their product offerings. 

The three companies that will be benefiting from Intel Capital’s investment are as follows:

  • Conservus International FZ-LLC: An IT/Media marketing company that is responsible for the conceptualization, design and development of a revolutionary digital targeted advertising medium known as MyConservus Portal. (Conservus is also an IV Holdings portfolio company)
  • Pulse Technologies FZ-LLC: A leading manufacturer of building automation systems, specifically catering to property and hotel developers across the Middle East, Southeast Asia and Europe.
  • Vertex Animation Studio FZ-LLC: A cutting edge technology firm focused on providing world-class services in the field of animation, virtual reality applications and 3D multiplatform games via a multitude of technological platforms.

The size of the investments was not disclosed.

Under the Intel Capital program, Intel plans to continue supporting local entrepreneurship in the Middle East through its investments in education, digital accessibility and specialized technical competencies.

“We have a strong pipeline for future investments in the region,” Feroz Sanaulla, director of Intel Capital’s Middle East, Turkey and Africa division, said during a press conference. “Several hundred million dollars have been deployed in the region, and you will see more in the next few months.”