Johannesburg, 04 Jun 2015
EOH has announced it is acquiring an equity stake of between 49% and 80% (depending on the country) of Twenty Third Century Systems (TTCS) and its subsidiaries, for an undisclosed amount.
Twenty Third Century Systems (TTCS) is an award-winning Pan-African IT applications and business solutions provider. Founded in 1996 by Ellman Chanakira, TTCS has focused on implementing business solutions (as well as IT infrastructure) across Africa and the Middle East. It operates in both the private and public sector, including the social security, tax and revenue collecting agencies. It has implemented solutions in a number of large mining and manufacturing enterprises and has developed proprietary solutions for key government departments and agencies.
"TTCS will significantly augment our Pan-African growth plans and support EOH's purpose of providing technology, knowledge, skills and organisational ability, critical to Africa's development and growth," says EOH Group CEO, Asher Bohbot.
TTCS brings to the EOH Group a complement of over 400 diverse, highly skilled IT experts in finance, logistics, human capital management, analytics, mobility, cloud and database technologies and provides solutions across the spectrum. Its operations are underpinned by timely and effective systems integration, product delivery, maintenance and support.
TTCS has a presence across the African continent with offices in Zimbabwe, Zambia, Malawi, Kenya, Uganda, Rwanda, Botswana and Nigeria and projects in several other countries, including Ghana, Namibia, Tanzania and Cameroon.
TTCS has an unrivalled track record of delivering complex IT solutions across a broad range of large public and private sector organisations and enterprises in Africa. TTCS has received numerous awards and accolades from global enterprise solution providers for the quality and content of the solutions it delivers.
According to Ellman Chanakira, Group CEO of TTCS: "EOH is a natural home for TTCS, spurred on by EOH's passion for Africa and innovation, coupled with a collaborative and entrepreneurial culture, focused on creating jobs, building skills, as well as providing knowledge services across the continent."
EOH and TTCS will jointly take their strong IP and business solutions into Africa and provide proven African-developed solutions for the continent. "The joining of these two successful businesses is exciting and provides a perfect platform for our African growth strategy that will accelerate in the years ahead," concludes Bohbot.
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