Pacific Controls clears the air on rumours

Staff Report - Company threatens legal action against those spreading false information about its operations

Pacific Control Systems says it will not hesitate to take legal action against those spreading false information about its operations.

In a statement issued to the media, PCS said: "Technology service providers are facing challenging times around the world. As a global player, Pacific Controls group isn't immune to this. Two senior executives of the group faced health issues that needed immediate medical attention and care. This has given room to negative rumours."

"The management believes that the present challenging situation is a passing phase, and is in the process of formulating a plan addressing our lenders, customers, vendors, supporting service providers and employees. The management has taken steps to streamline operations, and is in engaging specialists in order to rationalise and optimise resources," the statement added.

In the UAE, some of Pacific Controls' flagship projects include 24X7 Dubai Civil Defence, Emirates Energy Star, ICT projects in the Dubai International Airport and Dubai South, and critical asset monitoring for Emaar.

In a recent interview to Khaleej Times, Dilip Rahulan, executive chairman and CEO of Pacific Controls, had said: "We are introducing some concepts into the Dubai Civil Defence project. It is one of our key deliverables to improve the programme on a regular basis. We have identified some very innovative services that can be included which will be delivered soon."

"We have pioneered the concept of managed services using Internet of Things as the medium. We continue to grow the concept and provide various managed services such as energy management, life and safety, machine diagnostics, critical asset monitoring and more. We tend to be a one-stop-shop, thus providing an end-to-end solution right from the edge to the enterprise," he said.

Apart from the controls and managed services business, the Dubai Technopark-headquartered company has diversified into data centres. Pacific Controls owns and operates one of the region's largest data centre that's certified as Tier III.

"We are a UAE-based, home-grown company, with dedication to make our services and smart services programme successfully delivered worldwide. We don't see our engagements purely from a business relation aspect, but much beyond that - where we feel obliged to deliver unique and innovative solutions to help achieve the vision presented by the leadership of our country," Rahulan said.

In 2015, NBF Capital Limited had successfully raised Dh1 billion on behalf of Pacific Control Systems. NBF Capital, regulated by the Dubai Financial Services Authority and a fully owned subsidiary of NBF, acted as the exclusive financial advisor for the syndication.

The deal was originally valued at Dh750 million but was oversubscribed by 33 per cent, receiving Dh 1 billion in total commitments. It was underwritten by NBF and Al Khalij Commercial Bank.

- sandhya@khaleejtimes.com