Business Connexion (BCX) should consolidate its industry position through further exploring the opportunities in international markets, says global growth consulting company Frost & Sullivan.
Reacting in a media statement to BCX`s interim results, released today, the consultancy says the African region, as a whole, continues to be an excellent growth opportunity for the business.
The IT service provider reported revenue of R124.4 million through operations in Africa, outside of SA, an increase of 5.25% year-on-year. The company`s UK operations also grew strongly, up nearly 60% on the comparable period from last year, to R34.5 million.
"BCX already has five country offices outside of SA," says head of Frost & Sullivan`s ICT practice in Africa, Corrie Froehlich. "With the phenomenal growth rate of the ICT sector in Africa, coupled with very good opportunities for converged systems, BCX is poised for significant horizontal and vertical integration."
BCX is an integrator of innovative business solutions through its five-part "Solutions Integration Model". Its ability to design and implement practical business solutions has seen it win tenders from public and private sector organisations in a number of African countries, says Frost & Sullivan.
However, BCX still faces the challenge of a highly competitive market in which companies struggle to remain relevant as cross-industry technology partners, it adds.
"While its business model has so far successfully ensured its visibility and credibility, the challenge still remains for BCX to enhance its potential and offer innovative and integrated solutions that will continue to set it apart," Froehlich says.
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