Snapt scores $1m funding from Convergence Partners

Local technology start-up, Snapt, has secured $1-million (R15 814 450.00) in funding from investment firm, Convergence Partners. Dave Blakey, CEO of Snapt, says that the backing by Convergence Partners is more than a vote of confidence in Snapt’s potential; it...

Aspect set to reduce long-term debt

Aspect Software, a leading cloud provider of fully-integrated consumer engagement, workforce optimisation, and back-office solutions, today announced that its strategic action to facilitate its long-term growth, product innovation and ongoing pivot towards becoming...

Are negative interest rates the new abnormal?

A move toward negative interest rates by central banks across the world could affect the sustainability of money market funds, the tightening of lending conditions and result in money being kept ‘under the mattress’. Speaking today at the annual Nedgroup...

Xperien acquires stake in ITAMSA

Local IT asset disposal (ITAD) specialist Xperien has acquired a 49% shareholding in Information Technology Asset Management South Africa (ITAMSA). The newly formed partnership will help companies manage their IT assets more efficiently and cost-effectively,...

Stellar sells Tellumat stake to Masimong

Stellar Capital has sold a 51,1% controlling interest in Tellumat, the diversified electronics and communications group, to black-owned investment group Masimong Technologies. Total consideration for the black economic empowerment (BEE) transaction, concluded on May...

SMB digital transformation boosts Avaya

Avaya’s performance in the first half of 2016 has been bolstered by a strong mid-market showing in global growth regions, registering two-fold growth on the back of a strong push towards digital transformation among small and medium businesses. A focused...