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UAE tech firm acquires DevOps Pakistan for $1m

TecBrix, a UAE-based digital transformation consulting company, has purchased the Karachi-based DevOps Pakistan to signify its entry into the South Asian nation’s expanding startup sector.

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TecBrix, a UAE-based digital transformation consulting company, has purchased the Karachi-based DevOps Pakistan to signify its entry into the South Asian nation’s expanding startup sector.

While the companies haven’t yet officially disclosed the acquisition terms, the sale has been consummated at roughly $1 million. According to a spokesman at TecBrix, the valuation has been done based on the existing service-based clientele and value addition by the resources of the company.

Founded by Salman Siddique, a Bahria University Alumni and DevOps Institute ambassador, DevOps Pakistan is a devoted network for mentoring DevOps aspirants and generating opportunities for DevOps professionals. Since 2018, the company has been providing DevOps Staff-Aug Services to clients. The organisation has placed 50+ individuals effectively who are hired by tech companies around the globe.

“The first time I talked to Salman about DevOps Pakistan, I knew this would be our gateway into the Pakistani market. We shared a same goal for the organisation. We intend to enter a market with a lot of potential and we need to provide platforms where they can showcase their talent and skills,” said Naveed Rehman, CEO TecBrix.

Naveed is a technopreneur from Faisalabad who is currently residing in the UAE, which is also the HQ for TecBrix. He has more than a decade of experience working with computer companies around the globe before starting TecBrix, a firm that specialises on offering services in DevOps and Cloud technologies.

According to the TecBrix head, “there’s a lot of work that has to be done on DevOps Pakistan, and we acknowledge that the community has not been fully functional, but we have great plans for it. Staff Augmentation is one of them, the platform is already outsourcing the DevOps pros, and that’s only a start”.

Read more: UAE to invest $1 billion: bringing colors to the fading economy

In his final remarks, Naveed encouraged the technology businesses in Pakistan to join hands in providing more chances on the technology front to Pakistan and assist establish a sustainable future for the younger generation, primarily but not limited to the ones working in the field of technology.

Before the acquisition, TecBrix was looking to enter the Pakistani market and believed there was no better way to enter the market than through a community that can be a centre point for DevOps professionals and aspirants of the industry.

Salman expressed his excitement about the acquisition, saying, “I am just excited about the future of DevOps Pakistan. TecBrix has amazing ideas to take it to a much more successful stage that will benefit the company and help DevOps and the tech industry flourish here in Pakistan. I am happy to be part of the journey and see a dream come true”.

The deal was finalised in Karachi in the last week of July. The new website for the community has also been launched on the 14th of August.

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