A Centurion-based software developer has announced that its spin-off golf booking portal and related technology business GolfTimeSA has attracted a leading market player to invest in the business.
MoreGolf (Pty) Ltd, which trades under the well-known brand of The Pro Shop, has acquired a 32% stake in GolfTimeSA with an option to increase this to effective controlling shareholding within the next two years.
Dave Usendorff, a well-known local golf personality and co-founder of GolfTimeSA, said it was important to GolfTimeSA to start getting stronger local golf industry participation in the business.
The transaction will see the companies combining their collectively large access to South African golfing community to bring more golfers to South African golf courses as a key strategic objective. The companies will combine their retail and club software technology base and have also committed funding for a major new technology expansion drive to better service the golfer and club markets.
GlobeTOM and Usendorff will remain actively involved and will retain 46% and 22% shareholding in GolfTimeSA and GlobeTOM has been committed as ongoing technology partner.
"GolfTimeSA has proven itself as a quality golf booking portal and electronic Tee Sheet management system for golf clubs with a focus of delivering convenience to club members," said Anton Jankowitz, newly elected Director of GolfTimeSA. "The challenge is to combine our market penetration with playmoregolfSA with Vodacom to bring more golfers to our fantastic South African golf facilities in line with the MoreGolf Group's strategic objectives."
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GlobeTOM develops innovative software technology solutions using object-oriented design, service-oriented architecture (SOA) and horizontal scalability principles as the foundations of its software development approach. GlobeTOM makes use of open source software and partner products and frameworks to build high specification software at competitive pricing. GlobeTOM owns its own SOA and grid technology framework for the rapid development of customer solutions that are able to scale as the demand grows while conforming to SOA principles. For more information, visit http://www.globetom.co.za or e-mail info@globetom.co.za.
GolfTimeSA
GolfTimeSA is the leading online golf booking portal in South Africa. The company pioneered online golf bookings in South Africa and has been operating at South African clubs since September 2005. For more information, please visit http://www.golftimesa.co.za.
MoreGolf (Pty) Ltd
Moregolf is deeply committed to the growth of the game by providing affordable, accessible platforms and is involved in all levels of golf development. The Pro Shop is also a founder member of the Land Bank Golf4All development initiative. At present, the group operates exclusively in the South African market but is in advanced stages of opening facilities in Australia. The management team of Moregolf has been a pioneer in the South African golf market since the mid-1970s and founded The Pro Shop, Vodacom World of Golf, Vodacom Golf Villages, playmoregolfSA with Vodacom, MoreGolf Media as well as the Gary Player Golf Experience.