Ayo Technology Solutions officially lists on JSE

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Ayo Technology Solutions, today 21 December 2017, listed on Software and Computer Services sector of the JSE’s Main board. AYO Technology is the 21st company to list on the JSE this year.

Donna Nemer, Director: Capital Markets at the JSE, says the JSE is proud to provide a platform for AYO Technology to raise the capital it needs to fund its further expansion.

“The fourth industrial revolution is gathering pace and creating new opportunities for companies able to harness the power of technology to gather and share data in new ways. These opportunities do not only represent potential growth in the information and communication technology (ICT) sector, but throughout the economy. Innovation in the ICT sector can continue to make enormous contributions to the growth of other industries.”

AYO Technology is a broad based black economic empowerment ICT group offering numerous end to end solutions to a host of industries, such as health care. The group’s product and service offerings include business process management, big data analytics, data security, software development, Internet of things solutions and cloud services.

Kevin Hardy, newly appointed Chief Executive Officer of AYO Technology says AYO intends to partner with its clients to enable and transform their business models, positioning their businesses for success in the digital economy.

“It is an exciting time for technology and for AYO in particular as we have the opportunity to forge a new path for South African technology companies into Africa and beyond. With AYO Technology, we have built a very clear proposition that, while servicing the needs of people today, has the proven ability to innovate and deliver on what the future will determine.”

AYO Technology is the 12th Software and Computer Services company to list on the JSE. This sector has a total market capitalisation of almost ZAR28 billion. It constitutes 0.2% of the JSE’s total market capitalisation of ZAR15.3 trillion.

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Donna Nemer, Director of Capital Markets at the JSE; Kevin Hardy, CEO of AYO Technology Solutions; Salim Young, Chairman of AYO Technology Solutions and Nicky Newton-King, CEO of the JSE.

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Thabo Mphahlele is the BizNis Africa Head of Sales and Marketing. Mphahlele was previously MultiChoice Production Support Analyst responsible for developing and monitoring applications. In addition, Mphahlele develops and automates batch scripts and is responsible for the daily infrastructure maintenance at MultiChoice. As a Production Support Analyst, he is responsible for incident analysis solving , developing and constructing business reports for SQL and Oracle and implement change controls for the business. Additional responsibility includes monitoring system performance via SOA, Kibaba (Elasticsearch), H.P BSM, HP Sitescope. Mphahlele is responsible for creating infrastructure performance reports through HP Ops Analytics, monitoring payments via Splunk and in-house built-in tool and disaster recovery simulation and testing. At Nashua Mobile, he was responsible for application development and enhancing the web sites At South West Gauteng College, he was the IT Technician and Network Administrator. During his tenure at Double Digit Media, he was he focused on application and web site development for new and existing clients Mphahlele contributes as a Content Manager for BizNis Africa.

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