Company type | Private Limited Liability Company |
---|---|
Industry | Software & Programming |
Founded | Damascus, Syria (2000) |
Headquarters | |
Key people | Abdulsalam Haykal, Co-founder and CEO, Mohamed Haykal, Chairman, Husam Khaskieh, Chief Technology Officer |
Products | Compass ERP |
Number of employees | 200 |
Website | http://www.transtek.com |
Transtek Systems is a business software firm in the Middle East. [1] [2] [3] Transtek System's flagship product is Compass ERP , a dual language (English-Arabic) Enterprise Resource Planning system. According to the major Arab daily Al-Hayat, Compass ERP was the local alternative in Syria after US economic sanctions prohibited major international technology and ERP vendors to sell their products in Syria. [4] Transtek System's Compass ERP package has an estimated 80% marketshare, also due to lack of competition. [5] Another product that filled a gap created by sanctions was Compass AML, the first anti-money laundering system produced in the Arab World. [6]
Transtek System's CEO Abdulsalam Haykal was named a Young Global Leader by the World Economic Forum in 2009. [7]
Syria's economic situation has been turbulent and their economy has deteriorated considerably since the beginning of the Syrian civil war, which erupted in March 2011.
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