Monstarlab has entered into an agreement to acquire ecap, an executive search and human capital consultancy firm based in the United Arab Emirates. In Dubai, Hiroki Inagawa, CEO of Monstarlab Group, inked the deal with Daniel Murphy and Chris Abreu, founding partners of ecap.
Monstarlab specialises in enterprise and scale-up business transformation from start to finish. The acquisition of ecap brings together the value provided by technology with the development and formation of world-class management teams. It will allow Monstarlab to provide talent acquisition, executive search, and leadership assessment services across all of the company’s primary markets. The acquisition will aid in the creation of job opportunities in the UAE as well as the placement of talent both locally and globally.
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 our organizations. 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 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.
Monstarlab will generate economic diversification and job possibilities through the delivery of transformation efforts requiring custom development and advanced technologies by focusing on attracting the world’s best strategists, engineers, and designers. Monstarlab will benefit businesses, communities, people, and talent in a variety of industries, including government, banking, and financial services, as well as tourism.
Monstarlab has already completed successful projects for a number of regional clients, including Careem, for whom Monstarlab designed and launched the Careem Now platform prior to Uber’s acquisition. In addition to ADQ, Emirates NBD, and the Dubai Future Foundation, the Japanese technology pioneer has collaborated with ADQ, Emirates NBD, and the Dubai Future Foundation.
