Simbrella, a leading IT company specializing in financial technologies, big data analytics, and secure data monetization, has signed a memorandum of understanding (MoU) with the Ministry of Science and Education's High Technologies Park.
As part of this strategic agreement, Simbrella will establish its presence at SABAH.city, Azerbaijan’s premier innovation cluster, strengthening the country’s digital economy and fostering cutting-edge technological advancements.
"This collaboration marks a significant step in our mission to drive innovation in financial technologies and data analytics," said Seymur Mammadov, Simbrella. "By joining the SABAH.city ecosystem, we aim to contribute to the development of a thriving tech community while expanding our research and development capabilities."
SABAH.city serves as a hub for startups, research institutions, and tech companies, providing an environment conducive to collaboration and technological breakthroughs. With Simbrella’s expertise in fintech solutions and secure data management, the partnership is expected to enhance the innovation landscape in Azerbaijan.
The move reinforces Simbrella’s commitment to supporting the nation’s digital transformation by leveraging advanced analytics, secure data practices, and fintech innovations. The company will work closely with local and international partners to explore new solutions that drive economic and technological progress.