April 17, 2015: A pakistan based boutique technology services company ArpaTech delivering business solutions to its global customers and gone popular with it's last deal of selling it's subsidiary EatOye to Foodpanda, announced that it plans to acquire instant delivery service provider Forrun. The financial worth of the deal is not declared yet.
As per the statement released by the company, the acquisition is in line with an overall strategy to focus on the e-commerce, logistics and technology verticals. The acquired company's CEO will stay on his position.
This news will be quite exciting in country's hostile business atmosphere, this will be a motivation for the startup entrepreneurs of the region. Forrun is only three month old and already created waves by signing a deal with Foodpanda as one of it's clients.
The acquired company's founder Leghari says to Tech in Asia: "We plan on using the capital injection by Arpatech to expand our operations to other cities, whilst also repositioning ourselves as a highly-efficient courier service- catering to a larger segment of consumers."
Source:TechInAsia.com
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