Knowledge management and competitive intelligence consultancy Suritec aims to grow its market share locally following the restructuring of its German partner, the Hyperwave group.
Hyperwave is a provider of enterprise content management (ECM) infrastructures with integrated e-learning and Web conferencing facilities. The new majority shareholder of the Hyperwave Group is Global Equity Partner (GEP), one of Austria's largest investment companies, with well over EUR150 million (R1.73 billion) under management.
The company aims to grow Hyperwave and take it public within the next few years, says Ewald Weizenbauer, senior partner at Global Equity Partner.
Hyperwave now has its development and support centre in Graz, sales and delivery companies in Munich, London and Boston and will continue its partnerships with the Technical University Graz, says Weizenbauer.
Christoph Michel, executive board member of Hyperwave, says the company has strengthened its commitment to the South African market and expects its partnership with Suritec to lead to building SA into one of Hyperwave's core markets.
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