Pakistan’s Systems Limited to acquire National Data Consultant
Pakistani IT services and software firm Systems Limited is set to acquire National Data Consultant (NdcTech), a core and digital banking solutions provider, for an undisclosed sum.
Systems Limited to acquire NdcTech
The deal will also see Systems Limited – Pakistan’s first software services company, founded in 1977 – acquire NdcTech’s subsidiaries and associated companies in the United Arab Emirates and Singapore.
NdcTech is a close partner of Swiss banking software provider Temenos and provides solutions for banks across Pakistan, the Middle East, Africa and the Asia-Pacific region.
Systems Limited CEO and managing director Asif Peer says: “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.”
Peer says NdcTech is a regional core and digital banking market leader, “with an impressive blue-chip customer base, go-to-market strategy and customer portfolio”.
Post-transaction, NdcTech will continue to operate as an independent entity and a subsidiary of Systems Limited with Ammara Masood as its CEO.
