“Sekunjalo acquires 81% stake in Synergy,” by Lynn Bolin, Mail & Guardian Online, http://www.mg.co.za/articlePage.aspx?articleId=196566&area=/breaking_news/breaking_news__business/, 1 February 2005.
No politics in this post, sadly. Just some business info that interests me.
Listed black economic empowerment (BEE) fishing, medical equipment and information technology (IT) group Sekunjalo Investments has acquired 81,56% of the entire issued capital in the computer company Synergy Computing.
The acquisition of Synergy boosts Sekunjalo’s strategic growth in its IT portfolio, the companies announced on Monday.
Founded in 1978, Synergy Computing is one of the leading South African software solutions companies functioning in the arena of business intelligence solutions and corporate solutions management.
The transaction is a major step in terms of BEE in the IT industry and has exceeded by far the requirements of the ICT Charter and Black Economic Empowerment Act.
Synergy is well established as an end-to-end business-intelligence solutions implementer providing fast and easy access to critical corporate data. The company leverages corporate performance management benefits from best-of breed productions from leading global vendors including Cognos (Synergy, a Cognos Distributor since 1980, maintains the largest installed base of Cognos customers in Africa), Microsoft Oracle, Sane Solutions and Idu Software.
See also my first post on Cobuyitaphobia.