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TranXactive completes round of acquisitions

Johannesburg, 09 Feb 2001

Specialist software development company, TranXactive has completed a round of acquisitions, positioning it to become a major player in Microsoft.NET, Mobile and Speech technologies.

The acquisitions bring together eight companies and consultancies in the fields of software development, design and multimedia. These acquisitions have formed the nucleus of TranXactive and have been in process for the past year.

According to TranXactive CEO, Alastair Koevort: " We have done a thorough job in ensuring that we build TranXactive into a sustainable and solid business. Recent times have clearly shown that the "shoot-from-the-hip" tactics of the 98 and 99 era are gone and buried. We believe that this has significant upside for those companies who are clearly built on solid and sustainable business principles."

Continuing he says: "TranXactive has positioned itself in some of the highest growth technology areas - these being web services, mobile and speech. In addition our world-class partnerships with companies such as Microsoft, Nokia and Nuance will serve us in very good stead as we move ahead. These acquisitions have given us the foundation intellectual skills and property to play out our vision in these exciting technologies."

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TranXactive

TranXactive is a specialised software company, focusing on the next major platforms in computing - Microsoft .NET, the Mobile Internet and Intelligent Voice Systems. This specialisation is in delivering world-class internet, mobile and voice-based business solutions and technologies based primarily on a Microsoft foundation and incorporating the forthcoming Microsoft .NET technologies.

TranXactive combines a range of design, development and implementation skills in these high-growth areas to set the platform for convergence on the next-generation network. TranXactive`s website is at http://www.tranxactive.com