(MENAFN) Jabbar Internet Group, the company behind e-commerce venture souq.com, said it plans to invest in the Dubai-based News Group, a global provider of media analytics and social engagement solutions, according to Arabian Business.
The project is expected to open the doors to a wider investment by Jabbar Internet Group and other investors over the following few months.
It said the investment will support News Group's oranic growth in the fast-growing media intelligence sector in the region and international markets.
Samih Toukan, chairman of Jabbar Internet Group, said: "We have watched News Group and its core businesses, including Media Watch, Salience and Social Eyez, for several years. The company has demonstrated remarkable growth year-on-year and has a loyal customer base of over 1,000 corporate and governmental entities around the world."