Business Recorder
Systems Limited, one of Pakistan’s largest software firms, is ramping up its acquisition strategy, viewing the current global uncertainty as an opportunity to expand its footprint and capabilities, with management signalling that merger and acquisition (M&A)-led growth will remain central to its long-term strategy. In a briefing for investors, attended by Arif Habib Limited, Systems management stated that mergers and acquisitions will continue without slowdown. “The company is actively exploring deals that enhance its capabilities and market reach, emphasising that growth will be driven by both organic expansion and strategic acquisitions,” AHL said in its report. Regarding the acquisition of Confiz Pakistan, Systems management expressed optimism about the potential for cross-selling and upselling opportunities. Last year, Systems Limited announced plans to purchase Confiz Pakistan Limited, the Pakistani arm of Confiz, through a merger. Systems management, in its briefing session, noted that revenue growth in North America has been constrained by dependence on associated companies. “The acquisition of Confiz is intended to overcome this limitation by providing direct access to the market. Through this strategy, the company aims to substantially increase the contribution of North America and Europe to its overall revenue mix,” it said. Geographically, the Middle East & Africa (MEA) region continues to be the largest revenue contributor, making up 59% of Systems’ total revenue, followed by North America at 18%, Pakistan at 14%, Europe at 5%, and APAC at 3%. “Despite geopolitical concerns in the MEA region, management noted that there has been no significant slowdown in operations, deal flow, or collections to date,” said the management. Management acknowledged that Al may disrupt IT services, but creates new opportunities for those who adapt. “Traditional low-value services are expected to decline,” it said. Management explained that complex enterprise projects, like core banking or large ERP systems, cannot be fully automated by AI. Systems Limited was founded in 1977 as a private limited company and was converted into a publicly listed company in 2005. SYS was listed on PSX in 2015. The company’s principal activity is the development and trading of software and business process outsourcing services. In short, SYS assists its clients in their digital transformation journey. Besides having a strong footprint in the local market, the company has a firm presence in the US, UK, EU and the Middle East.
Go to News Site