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ICT

Global IT firm to fold Bangladesh operations

Global IT firm to fold Bangladesh operations

Vizrt, the world’s largest creator of software-based media solutions, has announced closure of its seven-year-old Dhaka office from August this year due to rising cost of doing business, red tape and security fears.

The security situation in Bangladesh has deteriorated drastically in the last few years, which compelled the Vizrt management in Norway to take this decision, said Mahmudul Haque Azad, managing director of Vizrt Bangladesh.
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