- Agreement will help empower C-level talent with technology excellence
- Monstarlab’s acquisition of ecap forms part of long-term MENA investment and international executive search, talent acquisition and assessment strategy
Dubai, United Arab Emirates: Monstarlab, the Japanese-established, global technology leader, has entered into agreement to acquire ecap, a UAE home-grown, executive search and human capital advisory business. Hiroki Inagawa, Monstarlab Group CEO, signed the agreement with ecap’s founding partners, Daniel Murphy and Chris Abreu in Dubai.
Monstarlab specializes in end-to-end transformation of enterprise and scale-up businesses. The acquisition of ecap combines the value created through technology with the development and building of word class management teams. It will enable Monstarlab to provide talent acquisition, executive search and leadership assessment in all the core markets that the organization operates in. The acquisition will support job opportunity creation in the UAE and the placement of talent locally and in global markets.
Hiroki Inagawa, Monstarlab Group CEO commented: “We are proud to have entered into this agreement to acquire ecap, an organization that helped us to establish in the UAE back in 2019. The acquisition will help us achieve our joint ambition of driving digital transformation for the organizations we work with. By combining the right talent and world-leading technology, we are able to provide customers with the platform they need for success through digitalization.”
“Monstarlab will strategically scale ecap by leveraging our combined global networks across our 17 key markets, giving our clients the tools and access to world-class talent from all geographies. We look forward to expanding further in the region and global markets through this acquisition and we are committed to further investment,” added Inagawa.
Chris Abreu, founding Partner at ecap commented: “The acquisition has come early in the journey of ecap. Given the aggressive growth of Monstarlab and the passion from the leadership team to grow the ecap offering across their core markets, we had an immediate alignment in strategy, values and aspirations which made it a very easy decision for ecap.
“Monstarlab has grown quickly in the volatile market conditions encountered over the course of the last two years with many clients leaning on them for further support on leadership, specialist and managerial talent identification during and post project completions. The acquisition of ecap will enable a more holistic offering, providing ecap clients with a seamless offering. Monstarlab has grown to understand the challenges within the executive search and talent acquisition industry and is well placed to support ecap on the development of world class technology solutions to provide our clients with unrivalled delivery and access to the best possible talent community globally.
“We are proud of the team at ecap and the growth we have experienced over the course of the last two years, for this we thank our clients and we will reward that loyalty by continuing to invest in our talent identification and assessment processes that enable us to find the very best leaders, specialists and executives,” added Abreu.
Through its focus on attracting the world’s best strategists, engineers, and designers, Monstarlab will drive economic diversification and job opportunities through the delivery of transformation initiatives requiring custom development and advanced technologies. Monstarlab will bring significant benefits for businesses, communities, people, and talent within a number of sectors including government, banking & financial services and tourism.
Monstarlab has already delivered successful projects for a number of customers in the region including Careem, for which Monstarlab built and launched the Careem Now platform pre-acquisition from Uber. The Japanese technology leader has also worked with ADQ, Emirates NBD and Dubai Future Foundation.
© Press Release 2021
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