Enterprise Outsourcing Holdings (EOH) has acquired Global Technology Business Intelligence (GBI) for an undisclosed sum.
GBI is a software and services provider in the corporate performance management field.
EOH CEO Asher Bohbot says GBI`s size, customer base and range of solutions will add significantly to EOH`s growth.
The deal is subject to regulatory approval.
Global Technology Holdings (Glotec) is in the midst of a restructuring programme that has seen it shed most of its operations as part of a plan to restore the group to solvency.
Glotec is trading under a cautionary as it is in talks to dispose of Brolink and Global Technology Insurance Systems.
The group recently also concluded a rights issue.
For the year to December 2003, Glotec incurred a loss of R43.84 million, on turnover of R192.58 million, compared with a previous loss of R370.16 million on turnover of R347.9 million.
Related stories:
Glotec reduces loss
Glotec discloses rights offer results
Deal to restore Glotec`s solvency