Ultimus Pakistan, leader in adaptive Business Process Management, is winding up its business in Pakistan. They gave a notice last Wednesday to their employees about closing its operations in the country. Reliable sources have confirmed us that Next Monday (13th of April) is the last day in office.
There is a rumor that the company might give away advance 3 months salaries but this is not yet confirmed. Upon querying, it has come to our knowledge that One due to global recession, the company failed to meet the sales targets and second that the company CEO who is a foreigner is not happy with law and order situation in the country.
Ultimus was operating in Pakistan since 1994.
Stay tuned as we update you on this developing story…