About Coeus Solutions:
Coeus Pakistan is a technology company incorporated in 2013 in Lahore and founded by two LUMS graduates, Mr Ali Naqi Shaheen and Mr Ahsan Naseem. The company operates in Germany via its associated company, Coeus solutions GmbH, which was set up by Mr Ali Naqi Shaheen and Mr Ahsan Naseem in 2008.
Coeus Solutions GmbH acts as a distributor to Coeus Pakistan which means it is responsible for handling contracts and billing from clients in Europe.
Company profile:
- Coeus Pakistan largely focuses on software development in the space of customer and employee engagement by developing custom web and mobile solutions.
- It takes a deeper role in the products it develops for its clients and specialises in developing and running operations of SaaS businesses.
- It currently caters over 30k businesses in 40 countries and these businesses use the products created and managed by Coeus Pakistan.
Services offered by Coeus Solutions GmbH:
Key customers and key clients:
Competitors:
- Systems
- Netsol
- Avanceon
- Octopus Digital
Key Business Advantages:
Purpose of raising capital:
The primary purpose of raising capital of PKR 1.05 billion is to grow Coeus Pakistan’s existing products and in tandem launch its own M&A strategy of acquiring SaaS businesses in Pakistan.
- Products growth:The company intends to expand its product development, sales and marketing team to expand its products, Vidmonials and WorkHub
Utilisation of proceeds and source of funds:
The company requires an estimated 1.05 bn rupees to drive its M&A strategy and growth of its products i.e WorkHub and Vidmonials which will be sourced entirely through its initial offering of 5 million shares at floor price of PKR 210 per share.
