We just confirmed earlier today that Descon-IT24 is no more, although thankfully this hasnt affected business or jobs as bad as it could have. The unit was closed recently as the owners wanted to focus elsewhere.
The part of the staff that was looking after the IT operations of Descon group has now merged into Descon Engineering.
The rest of the unit- which was focused on business based on BPO services such as document processing – have moved and integrated into another firm CTO24/7, also in Pakistan.
This was part of a planned jointly-agreed transition, we were told, although we couldnt confirm if the unit was officially sold to CTO24/7. From what I understand, CTO24/7 was started by Amin Ansari about a year ago, before which he used to head Descon’s unit. When Descon’s current owners decided to close the unit, an agreement was reached to migrate the business, clients and the related staff to CTO24/7.
We were also told that the transition is now fully complete. From an industrial-perspective then, atleast the business remains within the country and this transition seems to have caused a minimum disruption.