Following the recent decision by the Adcorp Group to discontinue the Ambassador Training & Development operation, Torque Holdings, a black-owned business, has acquired the assets of the company for an undisclosed sum.
"The transaction made perfect sense for both companies with both involved in Cisco and Microsoft training as their primary focus," says Gary Chalmers, MD of Torque-IT. "We will work with Knovation, a division of Adcorp, to meet Ambassador's outstanding training liabilities. We look forward to establishing a long-term and mutually beneficial relationship with all of Ambassador's and Adcorp's clients."
Chalmers gives the assurance that clients will not lose revenue or training investments.
Mike Merry, commercial director of Knovation, a wholly owned subsidiary of Adcorp, says: "Torque-IT has long been a respected competitor of Ambassador's. We believe its innovative approach to training and market leadership echoes that enjoyed by our own organisation, and we look forward to a long-term partnership with Torque-IT."
Torque-IT says it is the largest Cisco Learning Partner in emerging markets worldwide, and is poised to deliver over 95% of the Cisco training in Africa, with more than 30 courses on offer. According to the company, it is also the largest Microsoft CTEC Windows 2000 training partner, offering the largest selection and frequency of Windows 2000 and development courses, including the MCSE, MCSD, MCDBA and the new range of .NET products.
Torque Holdings, a 52% black-owned business, owns 100% of Torque-IT, and 90% of The Zone Computer Career Campus, a concept in tertiary education that allows school-leavers to be educated and build experience during their 18-month full-time programme.
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