Dana Murray
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.

UNCTAD

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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.

TTEK contributing to the InterAmerican Development Bank's Workshop on Trade Facilitation and Customs Modernization

TTEK contributing to the InterAmerican Development Bank's Workshop on Trade Facilitation and Customs Modernization

We were in Washington DC May 24th to attend this important IDB workshop. The plan was to exchange and share knowledge on regional and extra-regional experiences, successes, and challenges facing border integration operations.  

There was a healthy discussion to identify dimensions and context that can contribute towards an overall program for the development and implementation of integrated border operations, trade facilitation, and customs Modernization.  TTEK makes a nice fit.  We're very happy to be taking part and adding value.