In a major milestone for Pakistan’s tech ecosystem, Securiti AI, founded by Pakistani entrepreneur Rehan Jalil, has been acquired by data-resilience giant Veeam in a deal valued at around $1.7 billion.

The acquisition brings Securiti’s data-security, privacy, and AI-governance tools into Veeam’s portfolio—strengthening its ability to protect enterprise data as businesses expand their use of artificial intelligence.

Founded by Rehan Jalil, a Silicon Valley–based Pakistani tech leader, Securiti AI developed the Data Command Center, a platform that helps organizations find, protect, and manage sensitive data across cloud environments and SaaS apps. Its solutions support companies in complying with privacy regulations and ensuring trustworthy AI development.

Under the agreement, Jalil will become President of Security and AI at Veeam once the deal is finalized later this year. The transaction, a mix of cash and stock, is pending standard regulatory approvals.

Industry experts say the move highlights the rising global demand for AI-governance and data-protection platforms, as organizations seek to ensure responsible AI adoption while safeguarding user data.

For Pakistan’s growing tech community, the $1.7 billion sale represents one of the largest international exits by a Pakistani-founded company, underscoring the global impact of Pakistani innovators in Silicon Valley.

Veeam said it plans to continue offering Securiti’s existing products while integrating its privacy, governance, and AI-trust tools into Veeam’s backup and recovery solutions. The combined technology aims to help customers accelerate secure AI adoption and maintain full control over their data assets.

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Systems Limited becomes first Pakistani technology company to cross a market value of Rs. 100 billion. As of now, the company’s share price is Rs. 740.93 hence making a market capitalization of Rs. 102 billion.

As per the report, Despite the pandemic and economic fluctuations, it has been a great run for the Systems Group. Reflecting a 40% expansion during the year, holding company, Systems Limited was the top performer recording Rs. 7.5 billion in revenue. Systems fetched around 76% of the consolidated net revenue in 2020, which was 5% higher than CY19. The cost of revenues also surged by 28%, standing at Rs. 6.6 billion during the year under review. The revenue growth is contributed by both the company and its subsidiaries, and a significant increase in profits was driven by topline growth.

We are so excited to share that #SystemsLimited has done it again!
We are the FIRST tech company in Pakistan to cross 100 billion rupees market capitalization.

Kudos to our hardworking employees, partners, stakeholders and leadership that have made this possible! 🎉 #100billion pic.twitter.com/5iNhWurVr0

— Systems Limited (@SystemsLtd) September 1, 2021

Pakistani IT company Systems Limited’s export business in Europe, North America, and the Middle East has increased substantially over this year. There was a huge demand for digital transformation and secure data communication, especially in the retail, finance, and telecommunication sector. Regardless of the imminent economic effects in the market due to the global pandemic, Systems performed well and Asif Peer, CEO Systems Limited, is staying optimistic for the company’s future.

While elaborating on how pandemic has compelled businesses to undergo digital transformation, Asif Peer said that Systems was ahead of the curve already serving its clientele with well-poised and advanced technological solutions.

Emphasizing the way forward, Asif Peer highlighted that Pakistani IT company Systems Limited is aggressively focused on technologies around Digital, Data, and Cloud. Receiving positive traction from global and future markets as Systems made a successful entry into Europe, Asif Peer is confident in the company’s ability to sustain and maintain a high-growth trajectory.

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