Japan-based leading digital consultancy and software development company Monstarlab has entered into a deal to acquire Dubai’s executive search and human capital consultancy firm ecap, as part of its global expansion strategy.
Through this deal, the company aims to extend its end-to-end digital transformation services to its clients as well as strengthen its position in the region. According to the reports, both firms did not disclose the total value of the transaction.
“We are proud to have confirmed this acquisition of ecap, an organization that helped us to establish in the UAE back in 2019. The acquisition will help us achieve our joint ambition of driving digital transformation for the organizations we work with. By combining the right talent and world-leading technology, we can provide customers with the platform they need for success through digitalization.”
“Monstarlab will strategically scale ecap by leveraging our combined global networks across our 17 key markets, giving our clients the tools and access to world-class talent from all geographies. We look forward to expanding further in the region and global markets through this acquisition and we are committed to further investment,” Mr. Inagawa noted.
Mr. Chris Abreu, Founding Partner at ecap said, “The acquisition has come early in the journey of ecap. Given the aggressive growth of Monstarlab and the passion from the leadership team to grow the ecap offering across their core markets, we had an immediate alignment in strategy, values, and aspirations which made it a very easy decision for ecap.”
“The acquisition of ecap will enable a more holistic offering, providing ecap clients with a seamless offering. Monstarlab has grown to understand the challenges within the executive search and talent acquisition industry and is well placed to support ecap on the development of world-class technology solutions to provide our clients with unrivaled delivery and access to the best possible talent community globally,” Mr. Abreu further added.
Founded in 2006, Monstarlab has been active in the Middle East and North Africa for more than two years. The company was formerly known as Nodes. Its clients include Mashreq Bank, Careem, Kerzner International, Shake Shack, and SoftBank.