Software company raises $1.6m

CodeNinja, a technology solutions provider, has secured an investment of $1.6 million from sAi Venture Capital, a Lahore-based technology venture investor, and its strategic partners Plutus21 Capital and affiliates. “With this investment, we’ve merged our natural advantages in the technology sector with venture principals. CodeNinja’s ability to partner with global enterprise clients and doing value addition work makes us very excited about their growth potential,” a press release quoted Ahsan Jamil, managing partner of sAi Venture Capital, as saying. “Unlocking the export potential requires going beyond capital, and we will be providing structured support, paving the way for our companies to be global technology players.” said Mr Jamil. CodeNinja is one of the fastest-growing technology companies in Pakistan, currently managing its operations via three regional offices and meeting a 100 per cent year-on-year growth rate for the last couple of years.