Sequel

What Sequel does

Sequel is a Dubai-based IT professional services firm founded in 2015 that provides consulting, staff augmentation, and managed services around the Murex MX.3 platform to banks and other financial institutions across the GCC and Lebanon. The company is an official Murex Business Partner and delivers expertise across all Murex functional modules, including Front Office, Back Office, Integration, Risk, Accounting, and Reporting, with a stated emphasis on Islamic finance configurations such as Murabaha and Sukuk. Sequel operates from four offices (Dubai headquarters in Al Habtoor Business Tower, Abu Dhabi, Riyadh, and Beirut under legal entities Sequel FZ LLE, Sequel for information technology, and Sequel S.A.L. Offshore), serving treasury and capital markets operations at financial institutions and positioning itself around reducing total cost of ownership for the MX.3 environment.

The company's product surface consists of two interconnected offerings: Murex Consulting (staff augmentation, implementation, configuration, day-to-day production support, binary upgrades, migrations, change requests, and an Onyx automated testing framework) delivered on time-and-materials or fixed-price engagements, and Managed Services (outcome-based multi-year outsourcing of Murex IT support and implementation/development projects). Revenue is generated through professional services engagements with enterprise financial institutions, executed via direct enterprise field sales, the company website, and content marketing through a blog that publishes on Islamic finance, fintech, treasury management, and capital markets. Pricing is quote-based and not publicly disclosed; managed services are structured around deliverables rather than resource capacity and committed on multi-year contract cadences.

The firm is led by founder and CEO Tarek Derjani, with COO Sara Khairallah, HR Director Dunia Derjani, KSA General Manager Monik Salem, and five dedicated Murex Practice Leads covering each functional domain (Hady Touma — Front Office, Jimmy Fares — Back Office and Integration, Wassim Njeim — Risk, Fady Abdelnour — Accounting, Hassan Salame — Reporting). Sequel is privately held with no disclosed external investors, parent company, funding rounds, or M&A activity in the available source material, indicating an owner-operated growth profile funded through operating cash flow.

Name

Sequel

Legal name

Sequel FZ LLE

Website

https://sequel-services.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Sequel is a Dubai-headquartered professional services firm providing Murex MX.3 platform consulting, staff augmentation, and outcome-based managed services to banks and financial institutions across the GCC and Lebanon, with specialist Islamic finance configuration capability.

Ownership category

akta.pro rank

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Murex Consulting Services: Professional consulting services for Murex platform implementation, configuration, and support. Includes staff augmentation, day-to-day production support, implementations, extensions, change requests, and binary upgrades/migrations. Revenue generated through time and materials or fixed-price engagements with financial institutions.
2. Managed Services: Outsourcing arrangements where Sequel handles Murex IT support operations and implementation projects. Pricing based on outcomes rather than capacity, with commitment to deliverables scope and term. Includes ongoing support during stabilization period after production roll-out.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Sequel provides professional consulting and managed services for the Murex MX.3 treasury and capital markets platform to banks and financial institutions. Its two core offerings are Murex Consulting (staff augmentation, implementation, binary upgrades, migrations, change requests, and production support across Front Office, Back Office, Risk, Accounting, Reporting, Collateral, Market Data, and Datamart) and outcome-priced Managed Services that outsource Murex IT support and development projects.

Product overview

Sequel is an IT for Treasury service provider delivering professional services to financial institutions using the Murex MX platform. The company offers two interconnected service offerings: Murex Consulting and Managed Services. Murex Consulting provides expert consulting for MX.3 platform implementation, daily operations, production support, binary upgrades, and migrations, covering all functional areas including Front Office, Back Office, Accounting, Risk Management, and Reporting. Managed Services enables customers to outsource Murex projects partially or entirely, handling IT support and development while providing commitment to deliverables, delivery model management, and outcome-based pricing. Both services leverage MX.3 expertise to reduce total cost of ownership while maintaining client satisfaction.

Differentiator

Problem solved

Functional benefit

Products and services

• Murex Consulting Professional consulting services for Murex MX.3 platform implementation and daily operations at financial institutions, including production support, implementations, extensions, change requests, binary upgrades, and migrations. Coverage spans Front Office, Back Office Operations, Accounting, Enterprise Risk Management, Collateral Management, Interface/Market Data Integration, Environment Management, DevOps, Datamart/Reporting, Project Management, and Business Analysis.
• Managed Services Outsourcing service for Murex projects enabling customers to offload Murex IT support operations and implementation/development projects. Covers day-to-day production support, binary upgrades, migrations, Greenfield implementations, scope extensions, and post-go-live change requests, with commitment to deliverable scope, delivery model management, knowledge documentation, and outcome-based pricing on multi-year contracts.

Quantifiable outcome

• Reduced total cost of ownership through competitive pricing models and efficient delivery
• +1 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature3 records

Partnerships

One partnership is on record.

• MurexcoreTechnology or IntegrationSequel is an official Murex Business Partner, providing implementation and ongoing support expertise for the Murex MX.3 platform. Through this partnership, Sequel offers configuration, integration, and post-go-live support services. The partnership enables financial institutions to leverage MX.3 for Shariah-compliant trading, treasury, and risk management, including instruments such as Murabaha and Sukuk.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Wipro: Global IT services firm with capital markets and risk practice that includes Murex MX.3 support. Overlaps with Sequel in Murex consulting, banking client base, and managed services delivery, but offers a much wider technology portfolio.
• Capco: Global financial services management and technology consultancy with capital markets and risk practices that intersect with Murex deployments. Overlaps with Sequel in target clients and Murex-related transformation work, but operates at much larger scale across broader FS topics.
• Tata Consultancy Services (TCS): Largest Indian IT services firm with deep banking, capital markets, and Murex-related practice. Directly competes for Murex implementation and managed services work in GCC, though at vastly greater scale, brand recognition, and delivery footprint.
• LTIMindtree: Global IT services and consulting firm with a banking and capital markets practice that includes Murex MX engagements. Comparable in Murex implementation services, though LTIMindtree serves a much broader financial services portfolio.
• Capgemini: Global SI with a significant Murex partner practice and a large capital markets technology business. Competes with Sequel for Murex implementation and managed services work in GCC banks, though at much greater scale and breadth of services.

Direct peers

• Synechron: Global financial services IT consulting firm with a dedicated Murex practice offering implementation, upgrades, and managed services to banks. Directly comparable to Sequel in Murex specialization, target customer base (capital markets and treasury), and staff aug/managed services delivery model.
• Baringa Partners: Independent consulting firm with a capital markets and energy/risk practice that includes Murex-adjacent advisory and implementation work. Comparable in serving treasury and capital markets clients with specialized expertise rather than broad generalist consulting.
• GFT Technologies: Financial services IT consultancy with Murex implementation and support capabilities, strong in European banking. Comparable in Murex-centric delivery, regulated financial institution client base, and managed services offerings.
• Luxoft (DXC Technology): IT services firm (now part of DXC) with an established Murex MX practice serving capital markets and treasury clients globally. Comparable in Murex platform expertise, capital markets focus, and offshore/onshore delivery model, though at significantly larger scale.
• Mphasis: IT services firm with a dedicated Murex practice serving global banks on MX.3 implementation, upgrades, and support. Comparable in Murex platform specialization, banking client base, and offshore delivery model from locations like Beirut-equivalent hubs.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sequel-service

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sequel