Published: 07:58 PM, 02 July 2024
BJIT and Etteplan Form Strategic Alliance to Drive IT Consulting Innovation
BJIT, a leading IT service and software development company located in Dhaka, Bangladesh, is pleased to announce a strategic partnership with Etteplan, an expanding technology service companyserving global leading industrial companies, which has acquired a minority stake of 19.99% in BJIT.This strategic investment enhances Etteplan’s global delivery capabilities while providing access to BJIT’s highly skilled and cost-efficient talent pool. Both BJIT and Etteplan are committed to deepening the collaboration, with plans to expand the cooperation into product engineering and technical information services in the future. BJIT, with approximately 800 skilled experts, currently works with clients across Finland, Sweden, the Netherlands, the USA, Japan, and Thailand, among other key markets.
“Technology services is a global industry by nature. As our clients diversify and re-allocate their global operations, we want to create even higher value for them. Etteplan and BJIT have complementary capabilities that extend our ability to help customers and provide a larger array of services. The cooperation with BJIT allows Etteplan to provide even better cost-efficiency in all Etteplan service areas in the future,” says JuhaNäkki, President and CEO, Etteplan.
As the leading IT consulting enterprise in Bangladesh's rapidly growing market, BJIT excels in software development, digitalization, and various engineering domains, including product data management (PDM) and product lifecycle management (PLM) services. With this new partnership, Etteplan gains exclusive rights to offer BJIT’s services within their existing markets. BJIT’s largest shareholder is its founder and chairman, JM Akbar, with additional shares held by our Japanese equity partner, Marubeni Corporation.
“The relationship with Etteplan significantly strengthens BJIT’s position in key European markets. Both companies specialize in the technology services business with different strengths. We have complementary capabilities that extend our ability to boost the business of our joint customers. With Etteplan support we will be able to expand our services to also new areas of expertise which will help us to grow and serve our customers even better. Team integration initiatives are set to begin, with project initiation scheduled to follow promptly, “says JM Akbar, Founder and CEO of BJIT.
Bangladesh, inspired by its neighbor India, is rapidly emerging as a global hub for IT services. It stands out as one of Asia's fastest-growing economies, renowned for its competitive advantage in both high-quality talent and cost-efficiency. Bangladesh has made significant investments in education, particularly in engineering, computer science, and information technology. The nation is actively pursuing digital transformation initiatives, supported by a vibrant startup ecosystem. Bangladesh's top universities are highly regarded in the Asian region, underscoring its commitment to excellence in education and technology.
The partnership between Etteplan and BJIT represents a strategic alignment that perfectly supports the growth ambitions of both organizations. This partnership is expected to greatly improve the range and quality of their services, strengthening current customer relationships and creating new opportunities with clients in important markets. The combined expertise and resources of Etteplan and BJIT promise to deliver innovative solutions and exceptional value, reinforcing their commitment to driving forward in the global technology and consulting sectors.
