Confiz Ltd. Signs a Merger Agreement with Mantaq Systems

Confiz Ltd. Signs a Merger Agreement with Mantaq Systems

Confiz Ltd. and Mantaq Systems announced that their board of directors has approved a definitive agreement over a strategic merger between the two organizations. 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.

[blockquote cite=”Mr. Raza Saeed, CEO Confiz”] 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.
[/blockquote] [blockquote cite=”Mr. Hashim Ali, CEO Mantaq Systems”] 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
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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.

[success]About Confiz[/success]

Confiz is a 200 people full service Technology Company specialized in mobility, content management systems, portals and application development.

Since its inception in 2005, Confiz has expanded its offerings and capitalized on evolving technology trends to better serve its clients. With extensive team, massive technology portfolio, subject matter expertise in verticals, and delivery method, Confiz works with clients to achieve the best fit between technology and their business.

For more details visit: http://www.confiz.com

[success]About Mantaq[/success] Mantaq Systems is an end to end multi-channel retail solutions provider with the capability to empower the smart retailers to build a cohesive shopping experience for its customers, across various channels, including online and offline shopping. With over 10 years’ of experience in providing IT solutions to retailers, Mantaq Systems has secured 50+ brands as clients. Mantaq Systems is the pioneer in retail sector technology and solutions. Over the years Mantaq Systems have developed its capabilities in the retail sector, understanding the business requirements of the retail industry.

For more details visit: http://www.mantaq.com