VENTURES: EOH Extending Its W Cape Presence
Recent Western Cape Business News
EOH Holdings, an acquisitive JSE listed technology conglomerate, has swooped on Cape Town based technology and management consulting firm, Airborne Consulting.
EOH, which recently attracted Stellenbosch-based investment house PSG as a significant minority shareholder, looks keen to build a meaningful foothold in the lucrative Western Cape market.
Airborne Consulting – headed by Sean O’Connell and Brian Harding - was formed in 2004 and has built a lucrative niche in and around Cape Town with innovative applications and services. Recently the company launched its new time keeping and time management product called BizzTime.
The value of the Airborne acquisition was not disclosed by EOH. But Airborne is a sizeable operation with some120 employees. The company has a sprawling client list – including Virgin Active, Old Mutual, Vodacom, Sanlam, the V&A Waterfront, the University of Cape Town, Datacash and the University of the Western Cape.
It seems EOH – which already has a Cape consulting office in Century City - may well be looking for other acquisitions in the Western Cape.
Business Day reported that EOH’s CEO Asher Bobot said expanding the company’s footprint in the Western Cape was one of its top priorities.
EOH’s latest annual report shows that EOH’s Western Cape forays began in earnest in 2011.
Last year in March the company acquired Amber Moon Trading 5 (Proprietary) Limited for R6 million. The annual report says Amber Moon owns property and was acquired to consolidate EOH’s infrastructure business in the Western Cape.
EOH also last year acquired Event Information Technology CC, a small managed services provider, for R1.5 million. The EOH annual report says EOH acquired Event to augment its managed services business in the region.
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