Johannesburg-based business transformation consultancy Ovations has embarked on a strategic growth initiative by fully acquiring enterprise middleware solutions provider CrossStream Systems for an undisclosed sum.
Describing the investment as part of Ovations’ planned growth by acquisition strategy, Ovations’ MD Thys Bruwer believes CrossStream will ideally complement Ovations’ existing range of services and broaden its repertoire of skills.
Ovations, which employs more than 80 consultants, has collaborated with CrossStream on a number of projects over the past three years and Bruwer expects there to be strong synergies and an excellent cultural fit between the two companies. CrossStream specialises in the architecture, design, implementation and support of solutions built on leading edge integration technologies.
“CrossStream’s IBM Websphere expertise complements our IBM Filenet expertise and there are other excellent fits that make it sensible for CrossStream to become part of our consulting division to provide a broader offering to our clients ,” says Bruwer, adding that CrossStream’s solutions focus on streamlining and managing business processes and allowing easy access to information throughout the enterprise. CrossStream has delivered solutions for a number of prominent public and private sector enterprises in the governmental, law enforcement, financial, telecommunications, mining and insurance sectors.
The directors of CrossStream commented: “We have been seeking a partner to assist in accelerating the growth of CrossStream Systems by providing foundation services, BEE and sales capability. We are pleased to have found such a partner in Ovations and are looking forward to taking our extended value proposition to market as part of the Ovations family”.
“Our acquisition of CrossStream opens up substantial opportunities for us to expand our consulting offering and broaden our reach into other sectors of the economy,” adds Bruwer.