BUSINESS: EOH Acquires Microsoft Specialist Company Belay
Recent Gauteng Business News
Belay, a specialist IT services and solutions provider has been acquired by EOH. The company has 200 employees and is based in Midrand.
Belay is a leading Microsoft Partner with competencies in custom application development, application lifecycle management, server platform, data management and business intelligence solutions.
Belay also provides enterprise content management solutions using world-class information management products. Belay’s enterprise content management solution extends from creating and capturing to processing and managing as well as delivery and archiving.
EOH CEO, Asher Bohbot says that “Belay is an excellent fit for EOH. It will add significant weight to our Microsoft and Enterprise Content Management offerings, adding to our existing products and services and enabling us to continue to provide end to end solutions to our customers.” Bohbot adds that “The culture and value set of Belay is a great fit to those of EOH and this is the vital ingredient to any successful venture”.
Belay CEO George Grimes says “The acquisition will provide his team with access to a much broader customer and skills base and will strengthen the company’s empowerment credentials and image in the market place. The full Belay team are very excited and proud to be part of the EOH family.”
There are excellent synergies between the two organisations, which will result in many new opportunities. Complimentary clients and industry solutions will add and increase the value of service provision for both EOH and Belay.
Belay was awarded the 2010 Microsoft Custom Development Solutions Partner of the Year and was also a 2010
finalist as Microsoft’s Data Management Solutions Partner of the Year. The acquisition is subject to Competition Board approval.
EOH is in the top three listed Business and IT solution provider in Africa and has over 2300 employees and a turnover in excess of R2bn. EOH has shown annual compound growth of around 40% and compounded annual earnings per share growth of 28% since listing on the JSE in 1998.
EOH is a Large Enterprise Level 3 BEE contributor, which ranks in the top 5% of JSE listed companies.
Business News Sector Tags: Business| Infotech|