Islamabad, March 29, 2017: To help companies address large amounts of data, JBS, an IT solution provider, has acquired Blutech Consulting. Blutech, a privately-held company based in Islamabad, is a futuristic company which understands that big data is not just about data but about unlocking the value of data by giving it meaningful sense. It offers strong technical capabilities around business intelligence and data analytics.
Now the IT market in Pakistan will be able to benefit from decades of JBS experience and expertise along with Blutech’s knowledge of Analytics, BI and Data business to provide strong value to customers. Mr. Veqar Islam, CEO of JBS, said about the acquisition: “In a few years
JBS intends to acquire more promising, futuristic and innovative startups that have the potential to solve business/social problems. We believe our model of acquisition provides the right blend of investment and structure which in turn would not just increase the chances of success for startups like Blutech, but also enable them to scale operations in Pakistan and outside. JBS intends to become an organization which is aligned to future market trends and would continue to actively look for ideas and people with big dreams to become part of its acquisition strategy. Such an approach, we believe can contribute aggressively and actively towards expanding the “innovation scene” in the country.” Kashif Jadoon, Chief Executive, Blutech Consulting, said: “I am very delighted today to become part of such a large group that has the credibility of decades in this industry. We have very strong ideas and a committed team and now with this acquisition, we have the strength and experience of JBS which we can leverage to become a powerhouse of Big Data/Analytics locally and internationally.”
The multi-million rupees investment being made by JBS, besides helping Blutech in developing a strong knowledge base in the country, would also be used for setting up a data lab. This would enable JBS to develop strong products that bring further value to organizations looking to unlock the potential of Data.