Jasco has bought Telesto in a R9.9 million deal, in a bid to bolster its enterprise division with an additional service offering.
The listed group bought Telesto from ConvergeCom and will house it in its enterprise division.
Telesto was founded in 1999 and has offices in Centurion as well as presences in Cape Town and Durban. It provides Avaya Contact Centre solutions, with a strong focus on outbound dialling systems, says Jasco in a statement.
Jasco adds its purchase of Telesto, which focuses on providing call centre solutions, specifically for inbound and outbound applications in the collections, telemarketing and telesales industries, provides the group with an opportunity to bolster its enterprise unit.
The purchase gives it an additional service offering, while also ensuring consolidation in the South African dialler industry and securing new clientele, it says.
"Telesto has excellent blue chip customers, comprising major financial institutions and telecommunications operators, which complement the group's customer base. Telesto is a profitable and well-established business and will not only enhance Jasco Enterprises' annuity-type revenue but also add a strong, experienced management team, engineering skills and sales resources to the group's current operations."
Telesto was previously owned by ConvergeNet, but was sold in October last year after management bought the company out.
Jasco has been looking for small built-on acquisitions, joint ventures and alliances. In February, CEO Pete da Silva said there were a few opportunities on the table, but he would not make a move unless this benefits the bottom line. The company has almost wrapped up a three-year turnaround strategy.
Share