KARACHI: Octopus Digital Limited has secured a five-year IAAS (Infrastructure as a Service) contract of Rs120 million on BTMI (build, train to operate, maintain and improve) basis, a statement said on Monday. The digitalisation subscription will see Octopus Digital provide supply and maintenance services to a major cement manufacturer in Pakistan, whose name is withheld … Read more
KARACHI: Supernet, a subsidiary of Telecard Limited, up for an initial public offering, is targeting to serve national, as well as international cyber-security needs. With the increase in digitalisation and automation, the demand for IT infrastructure and cyber-security challenges have increased manifold. Globally the year 2020 broke all records when it came to data lost … Read more
KARACHI: Octopus Digital, a digital arm of the Avanceon Group of Companies’, will set up and maintain the industrial data centre infrastructure for one of the largest fast-moving consumer goods (FMCG) corporations in Pakistan, a bourse filing said. This contract execution gives a pathway for positive impact on the group’s business and value for its shareholders, it … Read more
KARACHI: If the macroeconomic situation in Pakistan stabilises after the resumption of the International Monetary Fund (IMF) programme, there will be more initial public offerings in 2022. “Though, there are a few IPOs [initial public offerings] in [the] pipeline, as companies plan to expand their capacities, the outlook on IPOs will depend on the overall … Read more
KARACHI: Avanceos Limited has notified the bourse that the Securities and Exchange Commission of Pakistan (SECP) has accorded approval to Octopus Digital Limited to issue, circulate and publish the prospectus for the issuance of 27.350 million ordinary shares. The issue consists of 27.35 million ordinary shares, i.e., 20 per cent of the total post-IPO paid-up … Read more
KARACHI: Octopus Digital Limited, a wholly-owned subsidiary of Avanceon Limited, has won a Rs100 million contract from one of the largest tea manufacturers to ensure overall equipment efficiency (OEE) on two of its plants, a statement said on Monday. “Octopus Digital’s Infrastructure as a Service (IaaS) proposal is based on its BTMI value proposition, which … Read more
