BizNis Africa
Latest News
Africa remains world’s second-fastest growing region
In 2016, Africa as a whole maintained its position...
Vukile Property Fund reports 7.1% growth in dividends per share
Vukile Property Fund today reported 7.1% growth in dividends...
Mall of Africa development gets international VIVA Awards
Atterbury Property’s development of the Mall of Africa secured...
Sibanye Gold appoints new Independent Non-Executive Director
Christopher Chadwick has resigned from the Board with effect...
Ecobank Group and Mastercard recognised at African Banker Awards
The strategic partnership between the Ecobank Group and Mastercard...
Eskom State of Governance at the centre of Public Enterprise discussions
The Portfolio Committee on Public Enterprises held an extraordinary...
Citrix South Africa increases footprint across Africa
Citrix today, 24 May 2017, announces that it is...
How to build cities of the future?
Cities are the engine rooms for economic advantage on...
Transaction Capital creates 3 764 black-owned SMEs in South Africa
Transaction Capital, a provider of specialised financial and allied...
Attend Manufacturing Indaba in South Africa
South Africa’s continuing efforts to grow the manufacturing industry...

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

Submit Press release

Fill in the form and we will deliver the car for you to test drive.

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

Fill in your details below and we will secure you a free test drive, delivered to you.

Fill in your details below and we will secure you a free test drive, delivered to you.

%d bloggers like this: