Prism Informatics Ltd. (BSE: 505530), a Software Development & IT Business Consulting Company headquartered in Mumbai, is ready to enhance the IT Services in Bahrain by providing technology solutions to Bahrain's Reload Consulting WLL. Prism Informatics and Reload Consulting signed an agreement on Nov. 30th 2011, at EDB, which will pave the way for the provision of leading information security services and IT solutions in Bahrain and across the region

Prism Informatics Ltd will work with Reload Consulting to design and deliver technology solutions for the manufacturing, retail, education, pharmaceutical, banking, engineering and construction industries in Bahrain.

Welcoming the announcement, Shaikh Mohammed bin Essa Al-Khalifa, Chief Executive of the EDB said: "This is a real boost for the ICT services industry in Bahrain. And the decision by Secure Matrix and Prism Informatics Ltd to invest in Bahrain demonstrates the continued confidence in Bahrain. The decision is great news for the Bahraini economy and underlines our continuing attractiveness as an investment destination."

These partnerships were initially discussed and progressed at Gitex Technology Week 2011 Dubai, the region's leading ICT expo, earlier this year. The event provided the opportunity to network and exchange expertise with decision makers from around the region as well as exploring possible international business partnerships.

Speaking at the signing ceremony in Manama, Bahrain, Ahmed Husain, Managing Director of Reload Consulting Services WLL said: "This is an incredibly exciting opportunity for Reload Consulting; with the expertise and knowledge of both Secure Matrix and Prism Informatics Ltd, two leading multinational companies in the field of e-security and IT consulting services, we will be able to significantly expand our IT support services whilst providing world-class information security services to companies of all sizes in Bahrain and across the region."

Explaining the firms' decision Mr Sachin Gajjar, Chief Operating Officer of Secure Matrix India Private Limited, and Mr. Saurabh Dani, Promoter Director of Prism Informatics Ltd said: "Bahrain is renowned as a leading regional financial services hub with over 400 financial institutions, and a mature ICT industry with a favourable business environment. Furthermore Bahrain offers an excellent location as a practical base to access the growing markets of the neighbouring Gulf states, therefore it was a natural choice to decide to enter in to this venture with a Bahraini company, and Reload Consulting is the ideal partner".