ESKADENIA Software re-brands and changes legal structure
ESKADENIA Software announces the change of its legal status from a Limited Liability Company into a Private Shareholding Company. This comes along with the re-branding of the company to ESKADENIA Software, previously known as ESKADENIA Software Solutions.
ESKADENIA Software, Amman, Jordan, March, 2008
The strategic decision to change into a private shareholding company is accompanied with a raise in the ESKADENIA Software registered working capital.
The adjustment in brand and legal status is an anticipated outcome from the very natural and steady growth that ESKADENIA Software has been undergoing since its establishment in Jordan in year 2000.
As the direction of the company for the past seven years has been towards building a line-up of advanced Telecom, Enterprise, and Internet software ‘products’ and Intellectual Property (IP), the company’s brand name and logo have been updated to reflect this solid and strategic product orientation. The re-branding better positions the company as an innovator of its own technologically advanced registered software products, rather than a provider of merely bespoke software ‘solutions’.
“We look forward to introduce a share option program for senior employees in the company and to strengthen the organisation’s brand, products, and human resources much further. We have also recently finished the IP registration of the ESKADENIA Software distinctive brand in several countries through Abu-Ghazaleh Intellectual Property (AGIP) including the Middle East, India and China in preparation for further expansion in operations”, said Doha Abdelkhaleq, Executive Director at ESKADENIA Software.
About Private Shareholding Companies
A private shareholding company Status is a novelty that was introduced by the Jordanian legislator on 2003 as part of a total reform to allow for the vibrant sectors with focus on the ICT sector and its companies to function according to more flexible platforms than the traditional ones provided by old laws.
Private shareholding companies are subject to the provisions governing public shareholding companies in all matters not expressly covered in the legislation or the articles or memorandum of association. The company may issue various types and categories of shares and options which differ in their terms of nominal value, priority rights, transfer rights, voting force and method of profit and loss distribution and is managed by a board of directors. Its general assembly is composed of all the company shareholders.
About AGIP
Abu-Ghazaleh Intellectual Property (AGIP) is the leading Intellectual Property service provider in the Middle East with 28 offices throughout the Arab countries, in addition to India, China, Turkey, Pakistan, Cyprus and Russia, liaison offices in Europe, the UK and Canada and a network of 180 correspondent offices worldwide.
AGIP provides aggregate Intellectual Property services covering trademark, patent, copyright, design and domain name registration, renewal, valuation, litigation, research and investigation, translation, watch and infringement and was ranked by Managing Intellectual Property the top IP firm in the Middle East in 2007 and 2008 and among the top 10 IP firms in the world. For more information, please visit t www.agip.com
