Xantium Technology Holdings, a black empowerment full service IT organisation that provides focused infrastructure, business and IT consulting solutions to select blue-chip companies, provincial and local government, has undertaken a successful acquisition of Spec Systems.
This acquisition, which is effective as of 1 September 2004, will see Spec Systems become fully integrated into Xantium Technology Holdings. However, the company will retain its offices in Johannesburg, Durban and Cape Town, maintaining its existing branding and corporate identity.
"Spec Systems have two divisions, card systems and label systems," says James Murray, CEO of Xantium Technology Holdings. "The company specialises in the label and PVC card printing solutions, as well as offers value-added services such as self-adhesive label production, in-house card and label bureaus, technical expertise, delivery and barcode scanning solutions. Spec's sole distribution rights in SA on Zebra Card Printer Products and the synergies with our Digital Card Systems unit were the reasons we explored the acquisition with the company."
"This acquisition not only gives Xantium a national geographical presence, but allows us to grow and complement Xantium Digital Card Systems by further driving the development and support of card-based solutions into Africa," adds Murray.
Spec Systems, together with Xantium Technology Holdings, has recognised the importance of advancing economic transformation in the ICT sector and as a result both organisations are committed to the promotion and support of the objectives of the Broad-Based Black Economic Empowerment Act 53 of 2003
"For Spec Systems, Xantium's impressive BEE credentials are certainly going to support our business potential and we believe that the culture fit and business vision of the two companies will further develop and promote long-term relationships with our customers and the industry," says Colin Roux, managing director of Spec Systems.
"Xantium is always examining viable growth opportunities and we will continue to investigate complementary businesses going forward," continues Murray.
Xantium Technology Holdings - creation of equity and equitable opportunity is a moral necessity but it also makes great business sense. Today's markets are looking for true black employment equity information technology partners. Partners that help meet our social challenge collectively and bring real value to their clients' businesses. Information technology (IT) is an enabler of outstanding business strategy; partners who deliver robust IT enablement for their clients' strategic needs contribute directly to the Bottom line. This is Xantium. "Suddenly it all makes sense."
For more information, please visit the Xantium Technology Holdings Web site at www.xantiumit.co.za.
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