Cairo 27 Oct 2024:
Edafa Venture Capital has announced the completion of a significant acquisition deal worth a million dollars, acquiring a strategic stake in TaskedIn, the leading platform for integrated solutions in task management, human resources, payroll, attendance tracking, and virtual meeting management. Which effectively replaces traditional methods, such as email and WhatsApp, which often lack the evaluation and monitoring necessary for accurate task management.
TaskedIn retains the benefits of easy and quick communication while preserving conversations, files, and all company-related information, facilitating task transfer and reducing operational costs by up to 30%.
This investment marks a qualitative step toward enhancing TaskedIn’s offerings, with expectations of opening new avenues for expansion in Gulf and global markets.
TaskedIn is committed to improving productivity within companies by providing a comprehensive platform with tools that extend beyond task organization to include human resources management, payroll, and scheduling. This enables users to focus effectively on achieving their goals.
Support from Edafa Venture Capital is expected to accelerate TaskedIn’s expansion plans, strengthening its presence in Saudi Arabia and the Gulf countries while also opening new global markets.
A representative from Edafa Venture Capital stated that this deal reflects the company’s commitment to fostering innovation within the companies it invests in, aiming to deliver added value to clients and shareholders. This step will enhance TaskedIn’s position as one of the leading integrated business management solutions, contributing to improved team efficiency and helping companies achieve advanced performance.
This acquisition represents a crucial development for TaskedIn as it seeks to broaden its range of services to new markets. The company plans to offer a suite of advanced tools that assist individuals in organizing tasks and tracking performance, thereby stimulating achievement and increasing efficiency for businesses.
This deal underscores Edafa Venture Capital’s commitment to long-term goals centered on innovation and growth, enhancing the global presence of both companies and delivering real value to clients worldwide.
Moreover, this aligns with Edafa Venture Capital’s strategy to expand its operations in the Egyptian market following a series of successes in Saudi Arabia. The company has also revealed plans to open new branches in Bahrain and Qatar as part of its vision to support entrepreneurs in the Arab world.
