FOEX strengthens its reach in Middle East by partnering with Faktum Technologies

Vienna, December 2017: FOEX GmbH is pleased to announce joining forces with Saudi Arabian IT solutions provider, Faktum Technologies.

The agreement is part of the FOEX Partner Program growth strategy to expand its reach in the Middle East region and support the company’s positioning as the leading provider of low-code rapid application development solutions for companies and developers who use Oracle technologies.

Markus Lauda, the Co-CEO of FOEX GmbH, has commented: “We think of the collaboration with Faktum Technologies more as a strategic partnership which will allow us to establish a stronger presence in Middle East region and its biggest market – the Kingdom of Saudi Arabia. We are confident that this agreement along with the newly released version 3.1 of FOEX Plugin Framework will unlock new business opportunities by providing added value to our potential customers.

Mr. Abdul Majid Niazi, the Co-Founder and CTO of Faktum Technologies has added: “The main reason for choosing to partner with FOEX was the fact that we can provide our customers with a powerful development framework that makes it possible to build large-scale applications in a short period of time. Together we will provide support to the customers which are looking to convert their legacy applications into modern web applications.

Today’s announcement shows how FOEX GmbH expands its reach by establishing solid partnerships with IT solution providers on markets all around the world.


About Faktum Technologies

Established in 2011, Faktum Technologies has a rich history of innovation, expansion, and growth as an IT solutions provider with multi-domain expertise, re-engineering business processes and optimizing resources, developing and deploying user-friendly, flexible and cost-efficient industry-specific solutions. Today Faktum has evolved into a true organization across the Middle East & the Kingdom of Saudi Arabia.

To learn more about Faktum Technologies, please visit


About FOEX GmbH

FOEX GmbH is an Austrian IT company founded in 2012 and based in Perchtoldsdorf (near Vienna, Austria). We are experts in developing plugins & add-ons which enhance the standard Oracle APEX platform, allowing developers to build the best products imaginable without the overheads from traditional software development.

Our mission is to simplify the way enterprise-level applications are being built and provide a robust platform which enables developers to create such applications in a fast, easy and secure way. By using the FOEX Plugin Framework developers can significantly reduce the complexity of creating and maintaining data-heavy web applications, thus lowering IT costs and increasing efficiency.

To learn more about FOEX, please visit

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