InnoVent celebrates 10 years of rental, asset management service delivery

Johannesburg, 03 Dec 2013
Read time 2min 50sec

Rental and asset management solutions provider, InnoVent, a company that offers innovative alternatives to company-purchased capital equipment and office automation, has announced its 10 year anniversary this month, a milestone in the company's coloured history.

InnoVent opened its doors a decade ago to provide flexible finance and support to companies to buy and lease technology, hardware, motor vehicles and telecoms equipment on a short- or long-term basis. The company has always followed a vendor/supplier-independent approach to provide customers with solutions tailored to business requirements.

Established by DJ Kumbula (CEO) and Zakhe Khuzwayo (CFO), InnoVent has grown from humble beginnings to a fully-fledged operation with year-on-year annual growth. It has made a name for itself in expertise in the global marketplace for up-to-date rental equipment in South Africa, United Kingdom, Brazil, Tanzania, Zimbabwe and Zambia.

Locally, the company services blue-chip clients, in the medical sector, mining, financial services, parastatals, retailers, small to medium-sized enterprises and universities.

Explains Kumbula: "Over the years, even though we were competing with both locally and internationally listed companies for business, we mastered the complexities of tailor-made office equipment rental solutions by thinking out of the box, and this has exposed us to lots of fantastic opportunities for repeat business."

He says the company prides itself in its transparent business model, which has since inception added real value to its customers' businesses by putting them first. "Behind InnoVent's solutions and technologies is a longstanding philosophy to add quantitative and qualitative value for companies to ensure they have maximum use of our equipment and services, with minimum downtime. In fact, our service and solutions offerings are positioned where our customers need them most, always working when they need them."

Looking back, he says the last 10 years have been filled with challenges, achievements, rapid growth and new product and service introductions. "While it has been a steep learning curve, we have also made significant strides in our commitment to diversity, community outreach and reducing our environmental footprint, which is testament to the quality of staff we have working at InnoVent," says Kumbula.

He adds that Johannesburg is a solid home base for its local and international operations in terms of both access to support and the quality of workforce in the country. "Many of our employees have been with us for years and have benefited from our proactive training initiatives. Employee development has always been a core business goal and we're delighted to be reinvesting in our existing and future workforce."

In line with its vision of being a socially responsible organisation, 4% of InnoVent's shareholding is owned by a trust that focuses on financing talented students in the fields of finance and IT, and assisting them to secure jobs in the marketplace after graduation.

In the next 10 years, Kumbula says InnoVent is committed to continuing to enhance its offerings and meet the ever-changing needs of customers. "The goal is to make InnoVent a global name in the rental and asset management solutions business because our story is a true testament of transformation at work," he concludes.

Editorial contacts
Exposure Mia Andric (+27) 082 564 0087
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