Tuesday, March 5, 2024

Pakistan’s Largest Management Buyout in HR Tech Industry

A successful management buyout has taken place whereby the Co-Founder of HRSG BPO (Pvt.) Ltd. and HRSG BPO acquired the entire ownership interest and the “Decibel®” brand from HRSG Group.

Decibel HRMS, is Pakistan’s largest HR enterprise cloud with over 175,000 people connected, across 7 countries. Decibel’s full-stack service offering includes 15+ HR, talent management, accounting, and analytics modules provided to clients in a vendor managed solutions (VMS) or a software as a service (SaaS) based offering. The management buyout was backed by the Pakistan’s leading financial services conglomerate with participation from regional venture capital investors, following a period of sustained growth by HRSG BPO.

Faisal Qamar, Co-Founder & Managing Partner of HRSG BPO “The faith of our partners & investors in our ability to deliver and our passion for continued excellence in emerging technologies will surely pave way for growing this company to a global scale. We remain committed as ever to our customers and stakeholders to deliver our best to their expectations and mutually build a successful digital future.”

Commenting on the transaction, the consortium’s spokesperson shared,

“Investing in institutional voids that fill the economic needs of emerging markets is at the core of our belief. Since the advent of the global pandemic the world has witnessed and increasing focus from corporates in the enablement of their HR and Finance via SaaS based technologies that facilitate remote work, increase employee engagement, and reduce costs. In HRSG BPO we partner with a strong management team having achieved product market fit in Pakistan with Decibel HRMS and are well-positioned to serve institutional clients from across the MENAPT region.”

Explore more: http://decibel360cloud.com/

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