Gen2 Enterprise Software SA and Gen2 Enterprise Services SA announces major company restructuring to form the Gen2 Group
Diederik Jordaan, a director for both companies, today announced a major company restructuring with the goal of providing excellent software sales and service to customers.
Jordaan said that all employees were offered the opportunity to take up shares in Gen2 Enterprise Software SA or Gen2 Enterprise Services SA to become co-owners of the companies.
The new Gen2 Enterprise Services SA shareholders comprise of long serving employees who, over the years, offered services to a number of clients in South Africa. They were part of an empowerment program and had risen through the ranks in Gen2 Enterprise Software SA.
"We have taken a major step towards the long-term success of Gen2 Enterprise Software SA and Gen2 Enterprise Services by empowering the employees in this way. A level 4 and a level 2 BEE Company were created and the new shareholders are now ready to advance our two restructured companies into a new and exciting future."
Impact of restructuring
From August 2017, the companies have been realigned into two independent companies with shared products and services offerings. A symbiotic relationship between the two companies is now in place which is further strengthened by solid working, reseller and referral agreements as well as a formidable worldwide technical infrastructure support system.