News and Press Releases

Systems Limited Launches its Initial Public Offering

Karachi, Pakistan - December 2, 2014 - Pakistan’s premier software house and the leading provider of next-generation IT and technology-led BPO services, announced that the company has planned an Initial Public Offering on Dec 4, 2014 through book building process. Systems Limited received the approval from SECP for selling 13 million of its ordinary shares in a public offering and to be listed on the Karachi, Lahore and Islamabad stock exchanges.

The book building portion of the issue comprises of 9.75 million Ordinary Shares at a price band of PKR25.0 to PKR35.0 per share while the General Public portion comprises of 3.25 million Ordinary Shares to be offered at a price equal to the strike price determined through the book building process. With this listing, Systems Limited will add significant value to the stock exchanges.

Asif Peer, CEO and Managing Director, Systems Limited commented, “Systems Limited has an excellent track record and has delivered strong growth and profitability in the recent years. We believe that our people, experienced management team and our customers, make us well positioned to deliver sustainable future growth. This IPO represents a significant step in the further development and will enable the business to achieve its true potential.” Asif added, “Following the IPO, Systems Limited is expected to drive more foreign direct investment and create additional jobs”.

The General Public portion will be announced and made available separately after the book building.

AKD Securities Limited (AKDS) is acting as the Lead Manager and Book Runner for the initial public offering. The IPO will kick off from 9:00am to 5:00pm on Dec 4, 2014.

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 2,500 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.

Syed Faraz of TPS is Pakistan’s First Oracle Certified Master for 11g

Syed Faraz Ahmed from TPS becomes Pakistan’s first Oracle Certified Master (OCM) for version 11g. Currently the most dominant version of Oracle used in Pakistan, only 250+ professionals globally hold the master level certification which is the most advanced exam currently offered by Oracle. About 80% of Pakistan’s banking industry use Oracle 11g for their databases. Those still on version 10g will soon need to migrate as the product is scheduled to sunset soon.

Syed Faraz Ahmed is one of the five professionals from Pakistan that held Oracle Master Certification for version 10g. He upgraded to 11g after a grueling exam held in Bangkok, Thailand. A much difficult exam for upgrades compared to new applicants, about 100 scenarios were tested in 9 hours in real-time based on Server Configuration, Disaster Recovery, Warehouse Management and Performance Management. The test was conducted on three different servers (Production Server, Disaster Recovery Server and Grid-Control Server) with examiners generating and altering scenarios in real-time.

The 11g version is significantly different from its predecessor with a more comprehensive partitioning mechanism (such as interval partitioning), backup and recovery, encryption that even applies to table spaces and performance tools for migration testing. Oracle 12c, the latest version which is even more different than all previous versions, doesn’t have an OCM exam yet.

TPS provides Oracle Consultancy Services and is proud to have Syed Faraz Ahmed as a valuable asset in the field of Database Administration.

TPS is a leading provider of cards and payment solutions, serving a delighted customer base of over 120 banks, telecoms, central banks, payment processors, national switches and other institutions spread across 32 countries. TPS offers a combination of technical and business expertise in the area of card management, multi-channel issuing and acquiring, payment processing, alternate delivery channel management, bills payment, remittances, payment gateways and internet and mobile banking.

EfroTech's Winning Streak Continues, Proud Moment for the Team upon Winning at 2nd Consecutive P@SHA ICT Awards

The P@SHA ICT Awards recognize the achievements of home-grown Pakistani innovators. Hence, acknowledging creativity, innovation and excellence in Pakistan’s Information and Communications Technologies sector.

The receipt of an Award in 'Best in Social Media - IT Company' 2nd consecutive year highlights our continuing commitment to excellence at all fronts and stamps EfroTech’s authority in reaching out to the thriving audience on Social Media platforms.

EfroTech, a provider of product-based generic software solutions was declared a WINNER of Two Pakistan Software House Association (P@SHA) ICT awards 2013 last year for its product BizzTrax (Web-based ERP/SCM/POS Software) in the category of " eLogistics & Supply Chain Management" & as "Best in Social Media - IT Company". With that ET was also a Nominee at the APICTA 2013 at Hong Kong in November 2013.

It is a great pride once again accepting another P@SHA ICT Awards 2014. Entire EfroTech team stands humbled in front of Almighty Allah for this phenomenal achievement and would like to thank our respected customers, team P@SHA along with the honorable judges and hopes for greater successes in the future, InShaAllah.

EfroTech was awarded a Runners Up Trophy at the P@SHA ICT Awards 2014 held at Movenpick Hotel, Karachi on November 15, 2014.

APICTA 2014 Jakarta: A young Team Pakistan picks up 2 Golds and 3 Silvers in major regional technology awards

JAKARTA – November 30, 2014 - The Pakistan Software Houses Association for IT & ITES (P@SHA) announced this evening that Team Pakistan won 2 Gold Awards and 3 Silver Awards at the Asia Pacific ICT Awards (APICTA) 2014 ceremony held in Jakarta, Indonesia tonight.

 

Leading the way with the Gold were the teams from Eyedeus Labs for their new product “Ingrain” and Syed Osama Maruf of NUST for his product “Smart Steth”.

 

The Silver Awards were taken by RemoteInterview.io in the Startup Category, EatOye in the Tourism & Hospitality Category and Fawad Ejaz Bhatti of NUST for TRex Tremor Reader in the Tertiary Student Category.

 

The Awards ceremony was graced by Mr. Rudiantara - the Minister of Communications & IT of Republic of Indonesia.

 

This year’s P@SHA delegation comprised of 30 members with 19 technology products competing for the prestigious APICTA Awards. The teams delivered another stunning performance in front of the Who’s Who of the technology industry in the Asia Pacific region with Gold Awards in the Media & Entertainment Technologies and Tertiary Student Categories and Silver Awards in the Startup, Tourism & Hospitality and Tertiary Student Categories – all of which are extremely competitive categories.

 

National teams from each economy are selected after a rigorous ICT Awards competition in 17 economies. The best of the best then compete against each other at a three day regional event judged by industry professionals, technology veterans and thought leaders from the APAC region. The Pakistani delegation was finalized after the announcement of winners at the PASHA ICT Awards earlier in November.

 

International APICTA Judges from 17 economies who evaluated the categories in which Pakistan participated spoke about the consistently high standard of technology products presented by Pakistan year after year. This year Team Pakistan benchmarked its products against 183 products from the region.

 

Over the years the Asia Pacific ICT Awards has become a platform for the best technology companies in the Asia Pacific to meet and form potential partnerships with each other and attract business and possible investment.

 

It is heartening to note that it was young technologists who led the way this year proving that Pakistan has enormous talent and that the technology industry has a brilliant future.

 

Speaking at the APICTA Awards gala event in Jakarta, Jehan Ara President of P@SHA said, “We are absolutely delighted that these dynamic youngsters have once again held the flag high and made us proud. We have always insisted that the technology sector is vibrant and the solution to many of Pakistan’s woes. Accolades to the winners, participants and the mentors who worked hard to guide and coach them – Jawwad A. Farid, Zafar Khan, Badar Khushnood, Dr. Shoab A. Khan and Sultan Hamdani.”

 

Tonight’s Gold & Silver Award winners included:

 

GOLD AWARD

Company: Eyedeus Labs

Product: Ingrain

Website: http://www.eyedeus.com

Category: Media & Entertainment Technologies

Eyedeus Labs is a startup developing Computer Vision technologies for smartphones. Ingrain is their second product – it is a Platform for targeted native advertisement in videos.

 

GOLD AWARD

Innovator: Syed Osama Maruf (and team members Ali Haider, M Daniyal Ashraf and Usama Azhar)
Organization: National University of Science & Technology

Product: Smart Steth
Category: Tertiary Student Category
Dubbed as a portable doctor, Smart Steth will be able to help a trained health worker in early detection of pneumonia as well as in its treatment.

SILVER AWARD
Company: Remote Interview

Product: RemoteInterview.io

Website: http://RemoteInterview.io

Category: Startup Category

An end to end remote hiring solution, from scheduling and filtering, pre-screening to hiring for the greatest technical talent in the world. It saves 10x the cost of recruiting a technical hire and amongst its beta users organizations like Twitter and Salesforce.com.

SILVER AWARD
Company: EatOye

Product: EatOye.

Website: http://EatOye.pk

Category: Tourism & Hospitality Category

EatOye assists thousands of its customers – avid diners and food aficionados – find restaurants, get-to-know the hot eateries, order food and reserve tables for FREE and pay better prices at top restaurants in all leading cities across Pakistan.

 

SILVER AWARD

Innovator: Fawad Ejaz Bhatti CEO (with CMO Kulsoom Rao and CTO Usman Shabbir)

Organization: National University of Science & Technology

Product: TRex Tremor Reader

Category: Tertiary Student Category
It is the world’s first standalone tremor quantifier. It is a small, wearable, ergonomic, aesthetic, low cost and low power device that quantifies the tremors of a patient and is characterized by state-of-the-art sensors and wireless technology, a proprietary algorithm and a purpose built mobile application.

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JAKARTA – November 30, 2014 - The Pakistan Software Houses Association for IT & ITES (P@SHA) announced this evening that Team Pakistan won 2 Gold Awards and 3 Silver Awards at the Asia Pacific ICT Awards (APICTA) 2014 ceremony held in Jakarta, Indonesia tonight.

 

Leading the way with the Gold were the teams from Eyedeus Labs for their new product “Ingrain” and Syed Osama Maruf of NUST for his product “Smart Steth”.

 

The Silver Awards were taken by RemoteInterview.io in the Startup Category, EatOye in the Tourism & Hospitality Category and Fawad Ejaz Bhatti of NUST for TRex Tremor Reader in the Tertiary Student Category.

 

The Awards ceremony was graced by Mr. Rudiantara - the Minister of Communications & IT of Republic of Indonesia.

 

This year’s P@SHA delegation comprised of 30 members with 19 technology products competing for the prestigious APICTA Awards. The teams delivered another stunning performance in front of the Who’s Who of the technology industry in the Asia Pacific region with Gold Awards in the Media & Entertainment Technologies and Tertiary Student Categories and Silver Awards in the Startup, Tourism & Hospitality and Tertiary Student Categories – all of which are extremely competitive categories.

 

National teams from each economy are selected after a rigorous ICT Awards competition in 17 economies. The best of the best then compete against each other at a three day regional event judged by industry professionals, technology veterans and thought leaders from the APAC region. The Pakistani delegation was finalized after the announcement of winners at the PASHA ICT Awards earlier in November.

 

International APICTA Judges from 17 economies who evaluated the categories in which Pakistan participated spoke about the consistently high standard of technology products presented by Pakistan year after year. This year Team Pakistan benchmarked its products against 183 products from the region.

 

Over the years the Asia Pacific ICT Awards has become a platform for the best technology companies in the Asia Pacific to meet and form potential partnerships with each other and attract business and possible investment.

 

It is heartening to note that it was young technologists who led the way this year proving that Pakistan has enormous talent and that the technology industry has a brilliant future.

 

Speaking at the APICTA Awards gala event in Jakarta, Jehan Ara President of P@SHA said, “We are absolutely delighted that these dynamic youngsters have once again held the flag high and made us proud. We have always insisted that the technology sector is vibrant and the solution to many of Pakistan’s woes. Accolades to the winners, participants and the mentors who worked hard to guide and coach them – Jawwad A. Farid, Zafar Khan, Badar Khushnood, Dr. Shoab A. Khan and Sultan Hamdani.”

 

Tonight’s Gold & Silver Award winners included:

 

GOLD AWARD

Company: Eyedeus Labs

Product: Ingrain

Website: http://www.eyedeus.com

Category: Media & Entertainment Technologies

Eyedeus Labs is a startup developing Computer Vision technologies for smartphones. Ingrain is their second product – it is a Platform for targeted native advertisement in videos.

 

GOLD AWARD

Innovator: Syed Osama Maruf (and team members Ali Haider, M Daniyal Ashraf and Usama Azhar)
Organization: National University of Science & Technology

Product: Smart Steth
Category: Tertiary Student Category
Dubbed as a portable doctor, Smart Steth will be able to help a trained health worker in early detection of pneumonia as well as in its treatment.

SILVER AWARD
Company: Remote Interview

Product: RemoteInterview.io

Website: http://RemoteInterview.io

Category: Startup Category

An end to end remote hiring solution, from scheduling and filtering, pre-screening to hiring for the greatest technical talent in the world. It saves 10x the cost of recruiting a technical hire and amongst its beta users organizations like Twitter and Salesforce.com.

SILVER AWARD
Company: EatOye

Product: EatOye.

Website: http://EatOye.pk

Category: Tourism & Hospitality Category

EatOye assists thousands of its customers – avid diners and food aficionados – find restaurants, get-to-know the hot eateries, order food and reserve tables for FREE and pay better prices at top restaurants in all leading cities across Pakistan.

 

SILVER AWARD

Innovator: Fawad Ejaz Bhatti CEO (with CMO Kulsoom Rao and CTO Usman Shabbir)

Organization: National University of Science & Technology

Product: TRex Tremor Reader

Category: Tertiary Student Category
It is the world’s first standalone tremor quantifier. It is a small, wearable, ergonomic, aesthetic, low cost and low power device that quantifies the tremors of a patient and is characterized by state-of-the-art sensors and wireless technology, a proprietary algorithm and a purpose built mobile application.

Placement of Internee(s) with the ICT Companies through PSEB’s National ICT Internship Program

With reference to your online application to PSEB regarding internee(s) demand, please note that Pakistan Software Export Board in collaboration with the National ICT R&D Fund has launched an internship program titled “National ICT Internship program” effectively from 2013 and through this program, PSEB plans to place 800 graduates in the ICT organizations for a period of four months. PSEB is paying the stipend amount to the selected internee(s).

PSEB has successfully placed 400 interns in the ICT Industry so far through this program, whereas placement of remaining 400 is in progress and expected to be finalized by 31st January, 2015.  I shall appreciate, if you may submit your fresh demand for the internee(s) via return email at the earliest possible date but not later than 10th December, 2015. , so that PSEB fulfill codal formalities related to the placement of internee(s) with your company.

Thanks & regards.
Saif-ur-Rehman Korai
Director Projects
Pakistan Software Export Board (G) Ltd.
Ministry of Information Technology
2nd Floor, Evacuee Trust Complex, Aga Khan Road, F/5-1, Islamabad
Telephone: 051-9211094, Fax: 051-9204075

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it. , Website: www.pseb.org.pk