BizNis Africa
Latest News
MTN Benin CEO ordered by government to leave the country
MTN Group confirms that Stephen Blewett, MTN Benin Chief...
Afreximbank raises $150 million for Samurai loan facility
The African Export-Import Bank (Afreximbank) has successfully completed its...
About 90% of imports and exports in Africa driven by sea
Statistics indicate that 90% of imports and exports in...
Altron sells Powertech Transformers stake for ZAR250 million
Allied Electronics Corporation Limited (Altron), a Johannesburg Stock Exchange...
BCX appoints Rapelang Rabana as new Chief Digital Officer
Today, marks a significant shift on Rekindle Learning’s journey....
How to prevent commercial identity theft
The recent data breach where a wide range of...
Ecobank Group Research reveals top 3 emerging trends for Africa
The 2017 version of Ecobank Research’s Fixed Income, Currency...
Future Energy East Africa comes to Nairobi
Huge potential, unlimited opportunities, this is how energy experts...
Craige Fleischer steps down as Samsung Director of Integrated Mobility in Southern Africa
Samsung Electronics South Africa has announced that Craige Fleischer,...
BCX Disrupt Africa Summit kicks-off in Kyalami
South Africans are engaging with some of the world’s...

Brad Sacks and Michael Pimstein, Capital Appreciation joint chief executives, Michael Shapiro, MD of Synthesis and Alan Salomon, CFO of Capital Appreciation

Johannesburg Stock Excahnge (JSE) listed Capital Appreciation Limited has acquired 100 percent of Synthesis Software Technologies for ZAR132.1 million.

Synthesis is a specialised financial technology company that provides software development, consulting and integration services to financial institutions. Current clients include blue chip financial organisations such as Investec, Absa, Standard Bank, Capitec and Nedbank.

It will remain independent, operating as a wholly-owned subsidiary of Capital Appreciation. Synthesis will continue to grow as a specialised financial technology provider with access to capital and other resources within Capital Appreciation to further invest in the business and expand its offerings.

“This acquisition is in line with Capital Appreciation’s value creation objectives and its strategy of providing established and emerging financial services companies with fintech services,” explains Bradley Sacks, Capital Appreciation joint CEO.

“Synthesis is well positioned to capitalise on financial institutions’ on-going requirements to invest in innovation, increase customer reach, reduce operating costs and enhance regulatory compliance. It is also the first Amazon Web Services (AWS) Consulting Partner to reach Advanced Partner status in the African and Middle East regions which enables clients to effectively utilise cloud technology.”

“Synthesis started as a team of passionate software developers intent on transforming financial services for its customers in a meaningful way. As part of this journey, we earned their trust, built rewarding partnerships and provided high impact services. This vision will be enhanced by the strong leadership and vision of the Capital Appreciation team,” says Michael Shapiro, Synthesis Managing Director.

 

Leave a Reply

Ver peliculas online
%d bloggers like this: