Accelerator Technology Holdings (ATH) announced that it has become a strategic financial investor in Jeeran, the Arab World’s leading site for user-generated content. ATH’s investment will assist Jeeran in expanding its operations into the United Arab Emirates and the Kingdom of Saudi Arabia as well as further product development to enhance the social networking services it offers to its million + members on its site jeeran.com.
This new investment will accelerate the growth of Jeeran by providing strategic and financial support to the company in its aims to continue to expand its large base of user-generated content, develop new applications and services for its online community, and build a regional presence to better serve its advertising customers. Benefiting from the strategic guidance and financial support offered by ATH, Jeeran will also be able to further enhance its website’s powerful position as a platform for its million Arab and international members to publish and store content online.
“With over 30 million Internet users, expected to double in the next 3 years, the Internet industry in the Middle East and North Africa is now approaching a critical mass. As more Arab communities are formed online, we expect Jeeran to continue to lead in the facilitation of “digital” self expression by youth across the Arab world seeking relevant channels for dialogue”, said Fawaz H. Zu’bi, Founder and CEO of ATH.
To compliment its Amman operations, Jeeran is expanding through new office facilities in Dubai which will serve as the launching pad for providing services to partners and advertisers within the GCC and the Middle East regions
Omar Koudsi, CEO of Jeeran, welcomed ATH’s investment, stating that it marks a milestone in the history of the company’s development. “This new partnership brings us closer to our goal for expanding the scopes of our operations regionally. With ATH’s financial support and guidance we will be able to further promote our site as a leading online social networking site that offers communities across the region quality based user generated content.”
He further stated that the services offered by Jeeran.com are designed to provide a means for its users to express their opinions freely. “The site was developed at a very rapid rate, and until today it continues to attract millions of unique visitors from across the Arab World and beyond each month.”
Mr. Laith Zraikat, Chairman of Jeeran, added that “this investment has enabled us to quickly expand our operations to cater to growing demand for online services as well as to allow for a larger member base to find a ready made online platform in which they can express ideas, exchange experiences, and engage in healthy discussions about pressing issues affecting their lives.”
Today, the online social networking site hosts over 600 thousand user blogs and personal pages. With over 3 million unique visitors per month it offers an effective medium for individuals seeking exposure for the content they produce.
About Jeeran
Jeeran was launched in 2000 as the first Arab web hosting community, with a young and futuristic vision to provide Arab users with the latest web technologies and the means to communicate and connect. Its services translate to more innovation and creativity and they open new opportunities to the advertiser to reach millions of users by relating to their interests and demands. The Jeeran community has reached over 1 million members, and over 400,000 active websites and blogs. Its social network revolves around its user’s content and the relationships between its members, and thus it has been a pioneer in pushing for the power of user generated content ever since it was launched
About Accelerator Technology Holdings (ATH):
ATH was founded by Fawaz H. Zu’bi as a global coalition of entrepreneurial leaders with the objective of identifying, investing in, and building best of breed ventures in the information and communications technology (ICT) value chain in the Arab World. ATH was incorporated on January 31, 2005 as a Holding Company in Guernsey by 40 shareholders from the United States, Europe, and seven Arab nations. ATH, with the purpose of building the region’s technology, media and communications capacity, has already invested in the development of Arab animation, online content, communications, and media companies.
