The Co-Founder of HRSG BPO (Pvt.) Ltd. and HRSG BPO purchased the whole ownership interest and the “Decibel®” brand from HRSG Group through a successful management buyout.
The 15+ HR, talent management, accounting, and analytics modules of Decibel’s full-stack service are offered to clients as vendor managed solutions (VMS) or software as a service (SaaS) based offerings with over 175,000 connected users in 7 countries. Decibel HRMS is Pakistan’s largest HR corporate cloud following a decade of consistent growth for HRSG BPO, the management buyout was supported by Pakistan’s largest financial services conglomerate with assistance from local venture capital investors.
The Co-Founder and Managing Partner of HRSG BPO, Faisal Qamar says, “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.”
The consortium’s representative offered the following comments regarding the deal, “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.”
