Sagtec Global has announced a strategic move to expand its international presence by signing a Master Dealership Agreement with SMD Tech – FZCO, a leading technology distributor located in Dubai, United Arab Emirates. According to the terms of this agreement, SMD Tech will serve as Sagtec’s exclusive master dealer for the Speed+ Cloud-Based Smart Ordering System throughout Dubai.

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SMD Tech has committed to purchasing a minimum of 10 000 software licenses over the next five years. This deal is projected to generate a revenue pipeline of at least US$30 million, which will significantly boost Sagtec’s long-term recurring revenue and enhance its visibility in the global market.

Published first on TheFly, this development marks a noteworthy milestone for Sagtec as it seeks to solidify its foothold in the technology sector through strategic partnerships. The company is optimistic that this collaboration will lead to greater market penetration and sustained growth.