A million-dollar revenue Serbian web hosting company eyeing big spending Middle East government information technology budgets is using Gitex Technology Week to expand its operations to the region.

Mainstream, branded One Managed internationally, is in Dubai this week to meet with prospective clients and partners.

The firm has already captured 80 per cent of the managed hosting segment in the Serbian market, according to Managing Partner and Co-Founder Bosko Radivojevic.

The firm has three data centres in Serbia, one in the United States and one in France along with operations in the Netherlands.

Radivojevic said the Middle East expansion comes off last years revenue performance. He said he expects the unlisted company to grow at 60 per cent this year.

“We are here at Gitex because we see this region as a fast growing in terms in new technology [and] in spending. There is a lot of demand from small businesses [and government,” he said.

Arab Gulf governments are heavily spending in IT infrastructure in a bid to develop long term sustainable economies that are currently dependent on fossil fuel revenues. A whole section of Gitex, taken up by government departments and owned companies, is dominated by Dubai and Abu Dhabi, a strong indication on the two emirates’ focus on IT.

Radivojevic said the firm has representatives in Dubai and is in the process of establishing a permanent office in the emirate, which it will use to coordinate its international expansion.

“The need is huge and companies are actually looking for high level services,” he said.

One Managed will also exhibit in London and Frankfurt in the next six months in a move to take market share.

“We will try and focus on ME and Europe in the next year,” Radivojevic said.