Fourier Approach (Pty) Ltd and RQTech (Pty) Ltd concluded an equity transaction at the end of 2009. In this transaction, Fourier Approach (Pty) Ltd acquired a stake of 30% shareholding in RQTech (Pty) Ltd.
Fourier Approach is a company in operation since 1998 and specialises in the provisioning of industrial engineering services, as well as the design, development, operation and support of information system solutions. The primary markets served are the financial, commercial and parastatal sectors.
RQTech is a company in operation since 2000 and specialises in the development and support of document management and workflow solutions to the market, primarily to the local government sector, as well as some custom design, development, operation and support of information systems to the financial sector.
The aim with this transaction is to establish a larger offering to the market in a joint manner, unlocking new opportunities with combined synergies. Also to create a better service offering to the different market segments where the two businesses are operational.
Lawrence Magobotla adds: “I am excited about this opportunity to create an improved operational competency given the individual capabilities in the two organisations. This improves career opportunities to the resources in the two companies.”
Kobus Fick, who drives the Centre of Excellence in Complexity, focusing on process effectiveness together with the Innovation Hub, comments: “With RQTech's footprint in local government, together with Fourier's ability to optimise processes and achieve operational excellence within organisations like local governments and other parastatals, I do believe that Fourier and RQTech together can lead the effort needed from private sector to add true value to service delivery problems we experience today in the public sector and elsewhere.”
For any further information, please contact Fourier Approach, Kobus Fick at (012) 667-3232, or RQTech, Lawrence Magobotla at (012) 333-5995. Web sites: http://www.fourier.co.za; http://www.rqtech.co.za
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