NICOSIA – Invest Cyprus on December 8 welcomed plans by Sword Group, an international consulting, services, and software company, to launch some of its operations in Cyprus.  

George Campanellas, Chief Executive of Invest Cyprus, said the Sword Group’s decision to open an office in Nicosia will bolster Cyprus’ reputation as a central tech hub in the European market. The international software consultancy will be joining a number of leading names in the industry already established on the island. 

With digital business trends gaining serious momentum during the pandemic, Sword Group has chosen Cyprus as its new hub to further support existing customers and expand into the European market.  

Speaking on the decision, Nasser Hammoud, Operation Director at Sword Group for  the Middle East & India, said: “Our intention in opening an office in Cyprus is to offer our existing European clients a second choice of location when it comes to providing Nearshore Support and Services.” 

Hammoud continued, “Cyprus provides a lucrative market for potential clients and new projects,” and went on to highlight the island’s prime location for expanding into the European market.

He added: “We would also like to expand our client portfolio and distribution network by acquiring new projects and clients in Europe and the Middle East. It seemed like the ideal location as Cyprus acts as a bridge for business and trade between Europe and the Middle East.” 

“The support we have received from Invest Cyprus has been very positive and the team we collaborated with have been professional and friendly. We are looking forward to the future of Sword Group within Cyprus and we expect to see the island become a key tech hub in the region. Cyprus offers a wide range of incentives for tech companies and the support provided to businesses looking to open offices in the island made it all the more enticing,” Hammoud concluded.

Campanellas said, “Sword Group joins a number of world-leading tech companies who have taken advantage of the strategic geographical location. Sword Group’s new operations base will expand services for their current customer base but will also reward them with a number of new opportunities on the island” 

”We are very pleased to be able to attract such formidable players in the tech sector, as Sword Group who are working to meet the rapidly growing demands of global businesses,” said Campanellas. “At Invest Cyprus, we are committed to supporting businesses throughout all steps of their development on the island from setting up offices, expanding operations, relocating and launching businesses. We aim to ensure any and all business development is seamless and efficient.” 

“The decision of Sword Group to expand operations to Cyprus reflects the country’s strong economic recovery following the pandemic and highlights the growing reputation of the island as a European tech hub, attracting significant global investment in the industry,” Campanellas concluded.

About Sword Group 

Sword Group is an international Consulting, Services and Software company driving global leaders in their digital & technology transformation. Sword has 2,000+ IT/Digital & Software specialists present over five continents supporting companies in the growth of their organization in the digital age. Regionally, Sword has been present in Lebanon since 2001 with 80+ experienced staff and also in the UAE with 30+ skilled consultants. As a leader in technological and digital transformation, Sword Group has acquired a solid reputation with more than 20 years’ experience in providing state-of-the-art software onshore and nearshore outsourcing services for prestigious clients in Europe, North America and the Middle East. Sword Group boasts an extensive client list with references from the likes of NASA, Barclays Bank, the European Union, the National Patent and Trademark Offices, Lombard, Orange, the United Nations Organisation and more. More information on Sword Group can be found online: www.sword-group.com/en 

About Invest Cyprus 

Invest Cyprus (Cyprus Investment Promotion Agency) is the investment authority of the Government of Cyprus dedicated to attracting and facilitating foreign direct investment into the country. Its mandate is to raise awareness of Cyprus as a destination for FDI across the globe, providing certainty around all aspects of operating a business in Cyprus and supporting potential investors in developing their business case for investment into the country. Investcyprus.org,cy.