EOH buys out Sybrin
EOH has bought financial services software developer Sybrin for an undisclosed sum.
Some of Sybrin's products include workflow software, payment, imaging and document management solutions, which it provides to financial services and other industry sectors. EOH has a history of growing organically and through smaller bolt-on acquisitions.
Sybrin, headquartered in SA and with a presence in 17 African countries, employs more than 150 people and has completed over 400 product implementations across four industry verticals with a core focus on financial services.
EOH CEO Asher Bohbot says the outsourcing company was attracted to Sybrin because of its strong management team, solution set and African presence. "Sybrin is a great fit into our existing strategy, which includes stronger vertical focus and aggressive African expansion."
Sybrin CEO Steve Prowse explains the company is joining EOH because of its culture and entrepreneurial spirit. It wanted a partner that could take it "to the next level" he says. "We already work with EOH at many of our clients, and are very excited with the huge opportunities that exist into the future."
EOH's business development director, Brian Gubbins, says: "Sybrin's core financial services capabilities and workflow management solutions add great value and enhance our current offerings to our existing client base."
Gubbins says although Sybrin's focus has been predominately in the financial services sector, it sees "great potential" for its solutions across all industry verticals.