The management of Synergy Business Intelligence has acquired a controlling stake in the company after successfully completing a management buy-out from current owners, Sekunjalo TSG.
In the new structure, Synergy management will own 51%, Nkunzini Consulting 36,1% and private equity investor, Dale Capital 12,9%.
Synergy BI's MD Christo Bredenkamp says the deal brings together two successful business intelligence companies. Synergy BI, established in 1978, has been a dominant player in the local BI market for some time while Nkunzini Consulting has more recently made significant progress in taking BI to government at all levels.
"I believe this deal will unlock a number of new opportunities for the company. We have been working closely with Nkunzini Consulting during the past two years and, in a sense, this transaction is confirmation of what is already happening in practice.
"Through our partners we will again have a presence in Gauteng and we have also launched a new division in our business, specialising in delivering financial performance management solutions. These two factors will be the main drivers of our future growth strategy," Bredenkamp explains.
He adds that the deal was particularly pleasing to his senior team. "We have, over many years, gathered some of the best BI people in this country and they will now be in charge of their own future."
Mondli Mlangeni, founder and MD of Nkunzini Consulting, says the vision to enable government to make sound decisions based on reliable information, originally brought the two companies together.
"The relationship of trust has led to Nkunzini Consulting taking up the 36,1% stake at Synergy BI. This will enhance the delivery capability of the two companies, and at the same time facilitate our key vision of creating a good 'knowledge base' for Government and other public entities.
"In addition, we believe that the stake at Synergy BI will enable Nkunzini to also play an effective role in Business Intelligence in the private sector," he says.