Johannesburg, 11 Jul 2014
Mint Management Technologies, "Mint" and Morvest Business Group ("Morvest") have concluded a sale of share agreement with the management of Mint Management Technologies, which will see Morvest relinquishing its entire 50.01%.
Mint has been in partnership with Morvest, a diversified investment house, for the past six years and both entities believe this is a step in the right direction in line with both business strategy focus areas.
Mint's MD, Carel du Toit, shares his excitement on the transaction: "We are grateful for the partnership with Morvest and their contribution, but hugely excited about our core focus which is the success of Mint moving forward. The share transaction will not affect clients or employees in any manner and we are confident that we will continue to hold true to our mandate of putting our employees, clients, partners and the community first."
Mint's past financial year has shown tremendous growth, with revenue up 30% and staff complement reaching 80. Mint's chairman, Trevor Ahier, is excited about the future: "As chairman I've witnessed the company grow from strength to strength. I'm truly excited about the platform we have created for all employees to prosper."
The effective date of the transaction is 1 June, which is in line with Mint's new financial year. The company, which specialises in mobility, CRM and enterprise content management solutions, continues to make inroads in a very competitive market. Expansion in East Africa and the Western Cape continue on track as the new versions of its property and pharmaceutical mobile solutions are due to hit the enterprise landscape this quarter.
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