Business Connexion takes aim at Africa
Following the Competition Tribunal of South Africa's approval of the R2.6bn ($209m) merger deal between Business Connexion Group and Telkom, the solution provider wants to cement presence on the African continent.
Many a company has ventured into Africa looking to expand its reach and reap profits from the technology-ready continent and failed. It goes without saying that conducting business in Africa requires not only great business acumen but a firm grasp of the continent's unique landscape and nuances.
One company that is boldly going where many have failed, and others have simply feared to tread, is leading ICT systems integrator Business Connexion, which continues to spread its reach to all of the major regions of Africa.
Business Connexion CEO Isaac Mophatlane says that his company remains on track with its plans for continental expansion through strategic joint ventures and acquisitions.
Earlier this year, the company was acquired by South Africa's fixed line telco operator, Telkom, for R2.67bn ($209m) and continues to make strategic acquisitions that will keep it positioned as a leading innovator as the world migrates to the age of mass Internet connectivity (currently being termed as the Internet of things or IoT).
The transaction which is expected to be finalised by August 25, 2015 will help Telkom expand into enterprise ICT services.
BCX also employs around 6 700 people in Africa and generates revenue in excess of R6bn ($470m) per annum.
During the second half of last year, Business Connexion made a number of strategic acquisitions on the continent that included Botswanan point-of-sale company Ultimate Software, Nigerian managed print services company Panabiz, and technology services company Appzone, also based in Nigeria.