Pakistani IT company Devsinc acquired Dubai-based e-commerce software-as-a-solution (SaaS) developer Alchemative Group as part of a global push, marking its entry into the Middle East, according to a statement. The acquisition also includes transferring the ownership of Alchemative’s payment gateway UnumPay — which already has a market share of 24% in Pakistan — to Devsinc, according to a press release. The value of the transaction was not disclosed.

Devsinc plans to scale UnumpPay and offer its digital solutions in the GCC, including tailored products for e-commerce platforms and cloud-based and AI-driven solutions. The acquisition will also help provide enhanced services to its existing customers in North America.

About the companies: Devsinc offers IT-enabled solutions to businesses across 10 industries and over 23 countries, including staff augmentation and ERP integrations for the healthcare, banking, fintech, hospitality, and retail sectors. Alchemative has over 800 clients and operates across 15 countries, and currently processes some 20 mn orders a month, the statement said.

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