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Business Connexion acquires Integr8 IT in R126 million deal

November 5, 2012 • Mobile and Telecoms

Managed services specialist firm Integr8 IT, part of the Integr8 Group, has been acquired by Business Connexion for an estimated R126 million.
 

Joint CEOs of the Integr8 Group, Lance Fanaroff and Robert Sussman, sign the acquisition agreement with the Business Connexion Group. (Image: Integr8 IT)

Integr8 IT is the largest privately-owned ICT infrastructure management and managed services company on the African continent.
 
It was established in 2001 by entrepreneur duo Robert Sussman and Lance Fanaroff and is a provider of annuity-based infrastructure management and managed services to the mid-market corporate throughout South Africa and Africa.

The company owns and operates the only African based Nerve Centre®, a digital hub of people, technology and process, that regulates, monitors and maintains the technology infrastructure for corporations.

Intergr8 IT’s key IP has been built into this Nerve Centre®, which underpins all service management.  This includes “self-healing” routines and the intelligent management and real-time remediation of distributed infrastructure.
 
Joint CEO Sussman says, “This deal makes real sense to Business Connexion and Integr8 IT, as well as our respective personnel and clients.  For the first time in South Africa there is a single company with 7,000 highly skilled personnel that span the continent, which scales the delivery of its services from the mid-market corporate to enterprise space. This is a unique and compelling offering for our joint customers, who are able to experience the benefit of Africa’s largest IT company.”
 
Sussman points out that BCG, the holding company of BCX and the largest IT outsourcing company on the African continent, has met all the relevant acquisition criteria, including:

  • The Integr8® brand remains.
  • 100% of Integr8’s employees are not only retained, but given additional career and growth opportunities in the now almost 7,000 strong personnel company.
  • Integr8 IT remains a strong entrepreneurial, innovative and well corporatized entity and continues to own the mid-market corporate space, with a partner that will help it double its growth year-on-year using the Integr8 Nerve Centre® leveraged platform. 

About the acquisition, Sussman adds, “I am excited from where we have come from, I am hugely excited about where we are today, but this pales in comparison about the excitement I feel for the opportunities that will arise whilst working hand-in-hand with BCG and all of their subsidiaries.”
 
Benjamin Mophatlane, CEO of Business Connexion Group comments, “It is an absolute pleasure to announce the transaction between the two enterprises.  The rationale behind acquiring Integr8 IT is to strengthen our market depth and breadth within the mid-market corporate clients, which is experiencing huge growth within the South African and African Markets.

“Rob Sussman, Lance Fanaroff and their team bring entrepreneurial flair and proven management and leadership capability to allow even broader benefits for Business Connexion, where Business Connexion can further extend its offering into the mid-market corporate.  Integr8’s strong delivery via their Nerve Centre® brings additional infrastructure and managed services capability to this market and is also hugely complimentary to the Connexion Zone strategy”
 
With Business Connexion already having a staff compliment of about 6600, the assimilation of Integr8, will add another 550 personnel to the group with 286 full time employees and 264 regional contactors to the company.

“Integr8 is a business that is well renowned and has won numerous awards.  As recent as last week Integr8 was voted the Microsoft Midmarket Partner of the year award for 2012.  We are extremely proud and privileged to welcome Integr8 to the Business Connexion Group, says Mophatlane.

Staff Writer

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