JSE-listed Faritec has launched a SAP division expected to generate revenue of about R4 million for the 2006 calendar year.
The group says it anticipates a revenue stream of around R20 million from the division by 2009.
The new division, which has an initial staff complement of eight, focuses on customising, configuring and implementing SAP`s Business One suite of management solutions for small and medium businesses (SMBs).
The group has also announced that it has been appointed a SAP Business One channel partner for SA.
Faritec says it plans to increase substantially the number of staff at the division, and the group`s CEO, Simon Tomlinson, adds that Faritec will investigate strategic acquisitions in the local market to help meet the division`s aggressive revenue targets.
The division has secured the PG Group as a client, with PG signing a five-year managed services and SAP implementation contract in April.
SAP SMB manager Patricia Martins says SAP Business One is an entry point to the enterprise resource planning space for South African SMBs.
The division`s launch comes after September`s announcement that Faritec had launched a business integration offering focusing on the provision of services around the application integration and middleware sector.
It expects revenue of R30 million within the first year and R100 million by 2008.
Faritec has increasingly been expanding its services offering and moving away from its historical image as an IBM shop.
Tomlinson said at the release of Faritec`s annual results in September that growth plans required a focus on new business or acquisitions, and the group was targeting opportunities in the consulting space, where it intended to start up its own operation, and in the applications space.
The group is trading under a cautionary notice related to undisclosed negotiations.
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