Fintech PR
HR Path Acquires IN-RGY, Expanding Global Reach and Strengthening Canadian Market Presence
PARIS, Oct. 8, 2024 /PRNewswire/ — HR Path, a global leader in HR consulting, has announced the acquisition of IN-RGY, a renowned HR consulting firm specializing in HR digital transformation. This strategic acquisition further solidifies HR Path’s position as a leader in HR transformations and expands its global reach.
IN-RGY, with its strong presence in the Canadian market, has established itself as a leader in delivering quality HR solutions and services. With solid partnerships with solution providers such as SAP SuccessFactors, WorkForce Software, and UKG, IN-RGY has built a strong reputation for its expertise and innovative approach to HR digital transformation.
The decision for IN-RGY to join HR Path comes after a long-standing relationship between the founders of both companies. While IN-RGY had been actively seeking to expand its global reach through acquisitions, the strong bond and shared vision between HR Path and IN-RGY founders led to the decision for IN-RGY to become part of HR Path.
“We are excited to join forces with HR Path and become part of their global organization,” said Sébastien Massicotte, Founder and CEO of IN-RGY. “This acquisition by HR Path represents a major milestone in our development. By joining forces with a world-renowned company, we have the opportunity to strengthen our service offering and increase our impact on the market. Our customers, both existing and potential, will benefit from expanded expertise and a range of innovative solutions. What’s more, our teams will have access to rewarding career prospects, participate in diversified projects and join an international team committed to excelling in meeting our customers’ needs.“
Marie-Soleil Boucher, President at IN-RGY, added, “IN-RGY has always been committed to providing innovative HR solutions that empower organizations. By joining HR Path, we can leverage their global resources and expertise, for example in BPO and advisory services, to further enhance our offerings and deliver exceptional results for our clients.”
The acquisition of IN-RGY by HR Path follows HR Path’s recent success in securing a record €500 million fundraising from Ardian, a world-leading private investment house. This funding has enabled HR Path to accelerate its international acquisition strategy and consolidate its position as a leader in HR transformations.
Frédéric Van Bellinghen, Partner at HR Path, added, “IN-RGY’s mission to empower organizations with innovative HR solutions strongly resonates with our own commitment to delivering exceptional client experiences. Together, we will continue to push the boundaries of HR technology and provide our clients with the tools they need to thrive in today’s rapidly evolving business landscape, offering solutions such as SAP SuccessFactors, Workday, WorkForce Software, and UKG.“
“We are delighted to welcome IN-RGY to the HR Path family,” said François Boulet, co-founder and CEO of HR Path. “Their strong position in the Canadian market, combined with their expertise and partnerships, perfectly aligns with our growth strategy. We are on a clear path to becoming the undisputed leader in HRIS across North America This acquisition strengthens our capabilities and allows us to better serve our clients globally.”
“Desjardins Capital and Siparex, as of co-Funds managers, through their partnership in the Transatlantic Fund, are proud to have been able to contribute to making IN-RGY a Quebec leader in human resources digital transformation. HR Path will benefit from a group of dedicated employees who will act as a catalyst to accelerate the French group’s presence in North America. This transaction is synonymous with a mission accomplished while the objective of our partnership is to co-invest in European and Quebec ecosystem to support expansion projects or acquisition efforts on each side of the Atlantic. We are confident that HR Path has all the expertise necessary to pursue IN-RGY’s growth plan,” say Nathalie Bernard, Chief Operating Officer of Desjardins Capital and Bertrand Rambaud, President of Siparex.
As part of the acquisition, IN-RGY will continue to operate as usual and will be identified as “IN-RGY, an HR Path Company.” The entire leadership team and employees of IN-RGY will remain in their current roles, ensuring a seamless transition and continuity of service for clients.
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Contact: Fabienne LATOUR – [email protected]
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Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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