Systems Limited (SYS), one of Pakistan’s leading IT firms, has reaffirmed its positive outlook following the recent acquisition of Confiz Limited, a top-three Pakistani IT company specializing in retail and consumer packaged goods (CPG) segments.
The update came during SYS’s latest corporate briefing, where management discussed recent acquisitions and the company’s future direction.
According to a report by Topline Securities, the acquisition of Confiz, a 20-year-old business with a strong track record of organic growth, was completed through a 100% share swap arrangement. As a result, Systems’ shareholders will be diluted by 3.8-4.0%, while revenue from Confiz is expected to contribute about 10% to SYS’s current business.
Management highlighted that Confiz’s revenue per employee is higher than Systems’, largely due to its focus on the North American market and the Microsoft ecosystem. Confiz also boasts a direct workforce in America, Europe, and other offshore locations.
Confiz’s margins and profitability ratios are in line with industry trends for growth companies, and its diversified client base includes several Fortune 100 companies. Importantly, there is little overlap with Systems’ existing clientele. The transaction is expected to be finalized within three months, pending court and regulatory approvals.
Management also provided an update on the BAT SAA acquisition, confirming that the business is now fully integrated, with operations beginning in November 2025. However, further details were withheld due to non-disclosure agreements.
SYS has exited several loss-making contracts in the domestic market, with more expected to conclude by the end of this quarter and the next. The company expects the region to return to profitability and emphasized a focus on stable, sustainable growth rather than hyper-expansion in Pakistan.
Growth in the Saudi market has also accelerated this quarter, with momentum expected to strengthen in 2026 as public sector investments are released. Employee attrition has improved, partly due to fewer visa constraints in the Middle East, and the company has largely retained its senior leadership, the report added.
