ISLAMABAD – Confiz Ltd. and Mantaq Systems today announced that their board of directors have approved a definitive agreement over a strategic merger between the two organizations.
According to the details, available to PakistanTribe.com, this strategic decision is one of a kind in the history of IT industry in Pakistan. The transaction will result in a leading technology and innovative company driven by ground-breaking solutions which is intended to transform the retail business across the globe.
On this occasion Mr. Raza Saeed, CEO Confiz, said, “With this merger, we are well on our way to become a $10 million company by 2017. Mantaq has a strongly differentiated value proposition as a specialized provider of ERP implementation and consulting services in Retail market, which will help us open new avenues in international market. We are now targeting on local and International Retail industry with much more rich expertise.”
Mr. Hashim Ali, CEO Mantaq Systems, said, “By joining hands together, we now have a stronger management team as well as access to one of the finest engineering teams at our hands. This would allow us to offer richer and more innovative solutions to our customers and help them use our technology based solutions as a definite competitive advantage in this digital age”
The merged company is now 250+ people strong and has offices in Lahore, Karachi, Seattle (USA) and Estonia with strong presence in Qatar and Saudi Arabia. The company’s customers include Microsoft, Intel, NCR, Ingenico, Walmart, Target, Sage, Nishat Linen, Khaadi, Servis Shoes, Stylo and Asghar Ali.