The Dialogue Group has sold it’s 51% share in Continuity SA, with effect from 01 February 2011. CoroCapital now holds 49% of ContinuitySA, while the Continuity Investment Trust, represented by the management and staff of ContinuitySA, increased its holding to 51% of the company.
Allen Smith, CEO of ContinuitySA says, “Together with a well funded equity partner, our solid financial standing puts us in a good position to grow the company both organically and through acquisitions over the coming years.”
ContinuitySA is positioning itself as an innovative provider of next generation business continuity services largely on the back of the availability of affordable bandwidth. Already most bandwidth suppliers have connected ContinuitySA sites to their networks. ContinuitySA has shared and agreed its vision of the future with CoroCapital and the partnership will play an important role in the company’s future.
CoroCapital, a subsidiary of Coronation Investment and Trading, is an investment banking specialist focusing on quality unlisted and listed equity opportunities.
“We are delighted to combine CoroCapital’s financial acumen with ContinuitySA’s proven track record in providing its blue-chip clients with a total business continuity solution,” says Peter Vogel, executive director of CoroCapital. “Given that South African corporations are investing more effort and time into the areas of risk management, business continuity, crisis planning and the provision of business recovery facilities, it is our view that ContinuitySA is well positioned to continue its growth path in offering these critical services.”