ERP.com today announced that the technology private equity and venture capital fund, Treacle Venture Partners, has acquired a 14.5% stake in the company for R5.8 million. Rudolf Pretorius, one of Treacle`s partners, will join the ERP.com board as a non-executive director.
ERP.com is listed in the venture capital sector of the JSE and focuses on the implementation, integration and management of enterprise-wide information technology applications.
Peter Forsyth, ERP.com`s CEO, said Treacle was attracted to ERP.com by its track record to date which has shown significant growth and bottom line performance since its inception 2.5 years ago.
According to Rudolf Pretorius of Treacle: "The ERP.com management team has shown an ability to attract and retain good skills across all its divisions, all of whom are operating profitably and growing strongly. In our opinion, ERP.com is one of the few listed IT companies that will give investors a good return on their money over the next three to five years."
For further information, please contact Peter Forsyth, CEO of ERP.com at 011 258 7800.
Share
ERP.com is a JSE-listed IT company focused on the implementation, integration and management of enterprise applications in an e-business environment. For more information, visit ERP.com at www.erpcom.co.za
Editorial contacts