| Tue 9 Apr 2002, 0:00 | | Maseco And Bytes Technology Networks Merge Cape |
|
Bytes Technology Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1911/003874/06)
(ISIN Number ZAE000029526 Share code: BTG)
MEDIA RELEASE :
Maseco System Integrators (Maseco), a leading empowerment company, and Bytes
Technology Networks (BTN), a division of the listed Bytes Technology Group
(BTG), have announced the merger of their Western Cape operations, effective
1 April 2002. All business activities previously conducted by Maseco and
BTN in that region will henceforth be conducted through a new company,
Maseco Bytes IT Solutions. Maseco holds 66.7% and BTG 33.3% of the new
entity respectively.
Maseco have appointed their managing director, Nomvula Ndzengu as well as
Motsami Nduna and Johannes Clausen as executive directors of the new
company, while BTG have appointed Angus Fisher. Rob Griggs and Brad Fraser
represent BTG, predominantly in a non-executive capacity. The company's
empowerment objectives will be enhanced through the appointment of a
suitably profiled non-executive chairman. An announcement in this regard
will be made in due course.
"The merger enables Maseco and BTN to attain critical mass in an empowerment
vehicle which boasts considerable service delivery capabilities. The two
organisations have operated for some 5 years in the IT market in the Cape
region. With complementary business in government and corporate sectors,
significant economies of scale and growth opportunities are anticipated",
says Angus Fisher, previously BTN's Western Cape regional director.
Nomvula Ndzengu, managing director of the new company, adds that "Maseco
needed to make the transition from an entrepreneurial organisation to a
mature corporate entity, thus increasing market opportunities. Maseco
viewed BTN as an ideal partner to facilitate this change, with added long
term potential emanating from an association with BTG and the Altron group."
BTG executive director, Rob Griggs, says "this merger has resulted in a
formidable, well established entity with strategic supplier and client
partnerships, strong empowerment initiatives, corporate governance
disciplines and business expertise that will not only enhance existing
business, but will equip the new company to progress into wider and more
complex markets in the future."
Delivery of Maseco's IT solutions, ERP implementation projects and systems
integration skills to government, combined with BTN's sophisticated call
centre, existing corporate clients and formidable network management
systems, services and processes, will result in a powerful new force in the
Western Cape IT market with an expected annual turnover in the order of R100
million.
Ends
Jointly Issued by:
Bytes Technology Group Limited and
Maseco System Integrators (Pty) Limited
For more information:
Dana Jedrisko
Bytes Technology Networks
National Marketing Manager
Tel: (011) 800-9300
Motsamai Nduna
Maseco Systems Integrators
Sales & Marketing Manager
Tel: (021) 415 7400
