Simeka has agreed to buy 50% of the shares in and claims on loan account against Adchek, a leading provider of custom-developed mobile applications.
The Simeka investment is an initial R5-million which may increase to a maximum amount of no more than R45-million.
Adchek applications are used by customers to automate their field force processes through realtime data synchronisation utilising cellphone and/or other mobile platforms.
The applications allow for better in field tracking, customer relationship management and field management, enabling Adcheck`s customers to deliver services and/or sales through these mobile devices.
Adcheck has more than seven years mobility development experience and prides itself in delivering true value-add solutions to its clients.
Simeka says the transaction represents a strategic investment intended to launch Simeka into the mobility arena.