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Bytes, Inter-Active merger gets nod

Staff Writer
By Staff Writer, ITWeb
Johannesburg, 27 Jan 2015
The Competition Commission recommends the acquisition of talent management company Inter-Active Technologies be approved.
The Competition Commission recommends the acquisition of talent management company Inter-Active Technologies be approved.

The acquisition of talent management company Inter-Active Technologies (IAT) by Bytes People Solutions, a division of the Bytes Technology Group, has been recommended for approval by the Competition Commission, subject to conditions.

The matter will be heard by the Competition Tribunal on Wednesday, when it will decide whether to give the transaction the green light.

According to a statement by the commission, its investigation found there is a horizontal overlap in respect of customer interaction and communication management services through outsourced call/contact centres and other social media platforms.

However, the commission concluded the transaction is unlikely to substantially prevent or lessen competition, but that the merger does raise public interest concerns.

"IAT appears to be in a financially precarious position, and the commission found that the proposed transaction will result in fewer retrenchments than would have been the case under liquidation," says the commission.

The authority has proposed imposing conditions to ensure there would be no additional job losses as a result of the transaction.

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