Pakistani IT firm acquires stake in Silicon Valley-based startup

• The move aligns with JBS’s purpose of fostering innovation.
• This makes JBS’s first investment in a startup outside of Pakistan.
• Acquisition of Imparé expands JBS’s reach and impact.

Karachi: Jaffer Business Systems (JBS), a renowned IT company in Pakistan, has announced the acquisition of Imparé, a Silicon Valley-based startup specializing in chip verification, as reported by The News on Wednesday.

This marks JBS’s first investment in a startup outside of Pakistan and positions the company at the forefront of the chip verification industry.

Imparé was established with the objective of creating a verification center of excellence in Pakistan and providing training to local students to meet the growing demand for verification engineers in the expanding silicon market.

With the acquisition of Imparé, JBS expands its reach and capacity, enabling the company to offer specialized chip design verification services to customers in the United States.

This strategic move aligns with JBS’s mission of promoting innovation, and entrepreneurship and driving economic growth in the country.

Veqar Ul Islam, CEO of JBS, emphasized the company’s approach to startup investments and its commitment to building a robust entrepreneurial network while speaking on the occasion.

The semiconductor industry, which encompasses chips found in various devices such as phones and cars, is expected to reach a market value of up to $16 billion in the next five years. This growth makes the chip verification market highly sought after, but it also faces a shortage of skilled professionals worldwide.

By venturing into the chip verification sector through the acquisition of Imparé, JBS positions itself strategically to tap into this lucrative market and contribute to its growth.