Monstarlab to acquire Pioneers Consulting in Saudi Arabia
Monstarlab has begun the business acquisition of Pioneers Consulting in the Kingdom of Saudi Arabia (KSA). The acquisition will enable Pioneers to utilise Monstarlab’s digital capabilities, supporting its vision to provide its clients with consulting solutions that have real impact. The agreement will also enable Monstarlab and Pioneers to expand their regional and global reach, and attract new potential projects in the Middle East, Africa and Europe.
Created and established by Saudi nationals, Pioneers provides services to a range of customers, including ministries, Government agencies, private companies and several publicly listed firms.
Following the business acquisition, Monstarlab plans to double its headcount in its Riyadh office and scout for talent within Saudi Arabia and the wider region to fill most of the new roles created. The deal will also accelerate and enhance digital transformation for Pioneers Consulting’s existing customer base present across a number of key segments in the public and private sectors in the kingdom, including financial services, healthcare, fintech, housing, labour and social development. The agreement will also enable Pioneers to provide its customers with a wider range of services and deliver tangible impact.
Hiroki Inagawa, Monstarlab Group CEO, hopes that the acquisition “will provide the springboard to further grow its presence in Saudi Arabia, the Middle East and beyond, and will penetrate new customer segments”. He added, “We are committed to actively supporting the strategic vision of the Saudi government as it seeks to diversify the nation’s economy, develop local talent and attract inward investment. Saudi Arabia is a key strategic market for Monstarlab, which is investing heavily in advanced technology as well as the development of local skills and capabilities. Digitalisation is a key strand of the economic transformation currently taking place in the Kingdom, and we are delighted to be a catalyst for future sustainable and innovative growth.”
Faisal Alamro, co-founder of Pioneers Consulting commented, “We are delighted to join the Monstarlab Group. As a home-grown, Saudi organisation, our role is to support the development of people and businesses across a range of sectors. Through this agreement with Monstarlab, we will be able to further enhance our services and solutions and support our clients in the kingdom. We will also be expanding into new verticals and geographies, utilising Monstarlab’s international reach combined with our deep understanding of customer requirements.”