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Axact ( ur, ) is a Pakistan software company that runs numerous diploma mill, websites selling fraudulent academic degrees. The company also owns the media company BOL Network. History Axact was founded by Shoaib Ahmed Shaikh, who serves as its chairman. It is based in Karachi, and has over 2,000 employees. According to Shaikh, the company was founded in 1997 with fewer than 10 employees working in a single room. In 2013 he said Axact was the world's leading IT company and that it had eight broad-business units and products, more than 5,200 employees, and associated globally and as many as 8.3 million customers worldwide. The company website said in 2015 that the company had 10 diverse business units that offer more than 23 products, more than two billion users, and a global presence across 6 continents, 120 countries and 1,300 cities with more than 25,000 employees and associates. According to Securities and Exchange Commission of Pakistan records, the company was registere ...
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Software Industry
The software industry includes businesses for development, maintenance Maintenance may refer to: Biological science * Maintenance of an organism * Maintenance respiration Non-technical maintenance * Alimony, also called ''maintenance'' in British English * Champerty and maintenance, two related legal doct ... and software publisher, publication of software that are using different business models, mainly either "license/maintenance based" (on-premises) or "Cloud computing, Cloud based" (such as SaaS, PaaS, IaaS, Mobile backend as a service, MBaaS, MSaaS, DCaaS etc.). The industry also includes software services, such as training, software documentation, documentation, consulting and data recovery. The software and computer services industry spends more than 11% of its net sales for Research & Development which is in comparison with other industries the second highest share after pharmaceuticals & biotechnology. History The first company founded to provide software pr ...
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