Karachi, Pakistan – February 3, 2015 – Systems Limited, the region’s premier software house and the leading provider of next-generation IT and technology-led BPO services, today listed its shares on the Karachi Stock Exchange following the gong-striking ceremony led by Mr. Asif Peer, CEO and Managing Director of Systems Limited. This marked the commencement of the trading session.
Systems Limited is now trading under the ticker symbol ‘SYS’.
The ceremony was attended by Mr. Asif Peer, CEO and MD; Mr. Sajid Hamid, SVP, and Ms. Naureen Anwar, VP – Systems Limited. Also present were the officials from KSE including Mr. Nadeem Naqvi, MD; Mr. Haroon Askari, DMD; Mr. Muhammad Ghufran, DGM Company Affairs; and from AKD Securities Limited including Mr. Farid Alam, CEO; Mr. Khurram Shahid, SVP Investment Banking among others.
Speaking at the occasion, Mr. Peer said, “Today marks the beginning of a new era for Systems Limited. Since December 2014 when the company launched its IPO, the response from investors to the offering has been immense”. He continued, “We are fully committed to contributing towards the development of the IT industry in Pakistan and looking ahead, we aspire to position ourselves as a global technology brand that stands at par in delivering sustainable value. As we continue to grow, we look forward to creating value for our shareholders”.
Systems Limited’s book building portion was oversubscribed by 3 times at the upper price band, and the general public portion had also been an equally remarkable success being subscribed by 3.17 times.
Mr. Peer concluded his remarks by saying, “We wish to thank all the investors for showing confidence in the company.”
About Systems Limited
Systems Limited, founded in 1977 is the leading global Technology and Business Process Outsourcing service provider, delivering innovative business solutions and technology-led BPO services. With over 3,000 employees globally, our people help customers around the world maximize their IT investments and create specialized solutions that drive business results. These solutions leverage our deep technical skills, accelerators, frameworks and products, industry best practices, and domain expertise to ensure they achieve the business goals and creative competitive advantage for our customers.
Systems Limited brings industry insights and the business acumen focused on helping its customer achieve a high ROI, offers enterprise mission-critical software solutions, and brings a deep technology-agnostic skill set which remains unmatched in the industry. By delivering on hundreds of projects, we have developed industry-specific offerings and cross-industry offerings, plus a suite of tools and accelerators that enable our customers to realize business benefits father with increased efficiency and lower overall IT costs.
The winning combination of our people, best-in-class technology, innovative business practices and value-added global alliances help us team up with corporate and public sector to deliver value by producing a significant return on our clients’ investments.