BCX has announced the sale of its wholly-owned subsidiary, Netcampus.
Netcampus, an ICT training solutions provider, will now be able to pursue opportunities outside of the BCX Group of companies.
In a statement, BCX says the sale will take the form of a management buyout with current managing executive, Tebogo Makgatho, taking 70% of the company while the remaining 30% will be sold to Telkom's enterprise development programme, Telkom FutureMakers.
With the completion of this transaction, Netcampus will be able to focus on its core strengths and effectively compete in the ICT sector with a stronger market offering, adds the statement.
"Skills and enterprise development along with empowering black and woman owned businesses are a top priority for BCX," says Ian Russell, CEO of BCX. "Even though Netcampus is one of our niche subsidiaries, we feel that this sale allows them the chance to become a major player in the ICT learning and development space."
"We're very thankful for the support we've gotten from BCX over the years. Because of their vast network of partners and customers, we've the ability to leverage on this network and will be able to grow our company in different markets," adds Tebogo Makgatho. "Now we're excited to build an organisation that can expand ICT Learning and Development solutions beyond the BCX network."
Following the transaction, Netcampus will still remain a service provider for BCX and the Telkom Group and will still be used for ICT training and skills development purposes.
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