Technology services provider EOH is acquiring between 49% and 80% of Pan-African information technology (IT) applications and business solutions provider Twenty Third Century Systems (TTCS) and its subsidiaries, for an undisclosed amount.
“TTCS will significantly augment our Pan-African growth plans and support EOH’s purpose of providing technology, knowledge, skills and organisational ability critical to Africa’s development and growth,” EOH CEO Asher Bohbot said.
TTCS had a complement of over 400 diverse, highly-skilled IT experts in finance, logistics, human capital management, analytics, mobility, cloud and database technologies and provided solutions across the spectrum.
Its operations were underpinned by timely and effective systems integration, product delivery, maintenance and support.
The IT solutions provider had a presence across the continent with offices in Zimbabwe, Zambia, Malawi, Kenya, Uganda, Rwanda, Botswana and Nigeria and projects in several countries including Ghana, Namibia, Tanzania and Cameroon.
"EOH is a natural home for TTCS, spurred on by EOH’s passion for Africa and innovation, coupled with a collaborative and entrepreneurial culture, focused on creating jobs, building skills, as well as providing knowledge services across the continent,” TTCS CEO Ellman Chanakira said.
The JSE-listed company and TTCS would jointly take their strong Internet protocol and business solutions into Africa and provide proven African-developed solutions for the continent.
“The joining of these two successful businesses is exciting and provides a perfect platform for our African Growth strategy that will accelerate in the years ahead,” Bohbot added.