BYTES Technology Group, a wholly owned subsidiary of JSE-listed Altron Group, has bought Alliance Business Solutions, it said yesterday. The company did not disclose the amount it paid for the acquisition.
The company said that the acquisition would strengthen Bytes System Integration's (Bytes SI's) offering of Oracle software products and cloud-based solutions. Bytes SI is a subsidiary of Bytes Technology Group.
Oracle is a global hardware and software group.
The MD of Bytes SI, Rob Griggs, said the acquisition would extend its offering "comprehensively", grow the customer base and enable Bytes SI to bring more value to its existing customers.
Mr Griggs said the company's "cohesive strategy" would include the launch of cloud-based initiatives in areas such as human resources and other complementary offerings for the Southern African market.
"This strategy will also enhance our capabilities in Africa and the Middle East and open further expansion opportunities on the continent," he said.
Alliance MD Brian Edy said the transaction would enable the company to compete on a wider platform with other large Oracle partners, particularly in the rest of Africa.
"As a key player in the local IT market and business arena, Bytes SI offers the advantages of a strong balance sheet, data centre capacity, training facilities as well as the huge benefit of being a level 2 broad-based black economic empowered contributor," Mr Edy said yesterday.
Alliance has a staff complement of 50.
Pieter Bensch, MD and vice-president of Oracle SA, said he regarded the acquisition "as one of the key announcements of the year in the local IT industry".
"As one of the top Oracle partners in the local market, the merger between Bytes SI and Alliance places Bytes ahead of its competitors in terms of cloud offerings and will significantly strengthen the relationship between Oracle and Bytes, " Mr Bensch said.
Bytes Technology Group was Altron's best-performing subsidiary in the year to February.