A decision taken some months ago by The IQ Business Group's (IQ) senior management team to acquire an experienced learning company was the catalyst that today sees the acquisition of the HPL Group (HPL), comprising both Hi-Performance Learning and CUDA Technologies.
The transaction sees the pooling of the joint expertise and considerable experience of IQ and HPL. From an IQ perspective, HPL broadens the value proposition by addressing the key human performance and learning components of its comprehensive business solutions.
From an HPL perspective, IQ offers both impressive BEE credentials, access to a wider national and international client base, and greater capacity and capability to deliver on large-scale learning transformation projects within the industry.
Both IQ and HPL have forged enviable reputations within their specialised fields, and both focus on implementing practical, technology-enabled solutions that deliver measurable business results. Together the partnership will seek to expand an already enviable list of top tier national and international clients, while actively growing and empowering internal staff with optimal professional development and learning support.
The acquisition supports IQ's intent on finding the right partners that are equally committed to ensuring the company maximises its contribution to the transformation and capacity-building of the SA economy. Cheryl Carolus, Chair of IQ, notes: "IQ fully appreciates the critical need to grow people's ambitions, and to make a meaningful contribution to South Africa. The inclusion of HPL within the overall value proposition is a major step in the right direction, and will enable IQ to offer business solutions that effectively address the human element of business success."
"IQ is committed to ensuring that we continually build our value proposition in clients, while training and developing staff and making a significant difference to South Africa. We are, therefore, delighted to acquire a group of learning companies that offer such proven substance," said IQ CEO, Donald Stuart.
"HPL has extensive experience in the learning market and its involvement will be a tremendous asset in not only entrenching IQ as a vibrantly energetic, can-do company with a social conscience that continues to attract highly-talented individuals, but also assist in IQ's outsourcing expansion plans."
Dayne Falkenberg, HPL MD, agrees. "Together we are able to unlock significant business value through a powerful combination of enhanced process efficiencies and staff capability, supported by practical technology enablement".
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The IQ Business Group (IQ) is a global provider of practical business solutions, utilising seasoned expertise and innovative tools to maximise operational and technological efficiencies. As a professional consulting company, IQ uses innovative process thinking to optimise business environments.
The company provides private and public sector client solutions and services that encompass process, project management, business analysis, enterprise content management and software development competencies.
Established in 1998, IQ has grown its business by partnering with leading players in niche sectors that see information technology as strategic to their growth objectives.
The IQ Group has operations in Australia, South Africa, the United Kingdom and the United States.
HPL Group
Founded in 1997, the HPL Group (comprising Hi-Performance Learning and CUDA Technologies) is a team of hi-think, hi-tech companies that can help large performance-driven organisations learn smarter and perform better. The HPL Group does this by aligning learning strategy and architecture with business strategy. The resulting organisational system integrates learning, performance and knowledge management to deliver measurable business impact.
Hi-Performance Learning offers the group's clients comprehensive strategic partnering, and focuses on aligning the learning organisation variables with business strategies, while at the same time redesigning training solutions to optimise adult learning.
CUDA focuses on the development and deployment of learning and performance support technologies that help organisations learn smarter and perform better. Importantly, its technologies address the bandwidth issues hampering workplace learning and performance support within South African and African corporations.
CUDA's key enterprise solution, the Business Brain, uniquely integrates learning, performance and knowledge management to deliver measurable business impact to performance-driven organisations. CUDA has dedicated software development and technology consulting professionals offering installation, learning support and product maintenance services.
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