Written By Systems
Systems Limited (PSX SYM: SYS), a prominent IT company with a global presence, has formally agreed to acquire the complete shareholdings of National Data Consultant (Pvt.) Limited (NdcTech). This includes its affiliated entities in the UAE and Singapore. NdcTech, a distinguished provider of core and digital banking implementation services, is renowned for its partnership with Temenos, benefiting major banks across Pakistan, the Middle East, Africa, and APAC. Regulatory approvals, anticipated in the coming weeks, stand as a prerequisite for finalizing this significant acquisition.
On this occasion, Asif Peer stated, “NdcTech has become a regional market leader in the core and digital banking solutions with an impressive blue-chip customer base and highly skilled and engaged employees,” said Asif Peer, CEO & MD at Systems Limited. “NdcTech has built a successful business, go-to-market strategy, and customer portfolio which we will expand and accelerate by bringing our resources to build on the momentum NdcTech has established. This is the first significant M&A transaction in the IT industry of Pakistan and will herald an even greater growth trajectory for Systems limited.”
Ammara Masood commented, “We are thrilled to join strengths with Systems Limited, one of the largest and most respected IT companies in Pakistan. NdcTech’s ability to execute large digital transformations in banking, in-depth knowledge of various markets, accelerated methodologies and tools, and rich history of 22 years combined with Systems’ global scale, reach and diverse portfolio will enable us to provide our customers with the best end-to-end services. We look forward to this amalgamation and the value we will be able to provide to our customers and stakeholders.”
Post-acquisition NdcTech will continue operations as a separate entity and a fully owned subsidiary of Systems Limited with Ammara Masood as its CEO.
About Systems Limited
Systems Limited is Pakistan’s global technology powerhouse that holds the distinction of being the country’s first-ever software services company. Since 1977, Systems Limited has stayed at the leading edge of innovation to deliver the promise of digital technology to a wide array of industry verticals both locally and internationally. The company’s key strategic partnerships with the world’s leading technology providers allow it to deliver unmatched technological capabilities that enable enterprises to drive and sustain long-term growth. With a long list of awards and achievements, including two back-to-back Forbes Asia Best Under A Billion accolades, Systems Limited has established itself as a true leader in technological innovation and Pakistan’s most decorated IT organization.
The company has maintained a continuous trajectory of growth this year, with many awards & accolades that speak volumes about its accomplishments. The company won the first-ever LCCI President’s IT Award, earned a place among the global top of Microsoft Technology Partners in their 2020/2021 Business Applications Inner Circle, and became Pakistan’s first IT company to reach Rs.100 billion in market capitalization.
NdcTech, an award-winning partner of Temenos empowers leading Banks and Financial institutions globally by accelerating their digital transformations. With over 22 years of deep banking knowledge, and experience, NdcTech brings innovative offerings to clients seeking to strengthen their banking capabilities through its services of Core Banking Modernization, Digital Banking transformations, Consultancy, Managed Services, and Banking on the Cloud.
Each day our certified team of consultants delivers best-of-breed technology solutions and world-class services, enabling our clients to improve the effectiveness of their business and technology so they can sense opportunities sooner and outpace change.
NdcTech’s success stories on Temenos Implementation have been published by well-recognized media and analysts. NdcTech was recently recognized as a major contender in Everest Group’s “Temenos IT services PEAK Matrix® Assessment 2022″.