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Acquisition gives Western Cape new IT services powerhouse

Cape Town-based IT services and support firm CyberLogic is set to take a majority stake in Stellenbosch-based IT services firm Space Age Technologies with effect from 1 September.


Cape Town, 03 Sep 2015
Read time 1min 50sec

CyberLogic founder and chief executive Edge Bisset says the acquisition of a 70% stake in Space Age Technologies for an undisclosed sum unites the biggest and second-biggest SME-focused IT services firms in the region to create a new IT powerhouse for SMEs.

"Space Age Technologies is arguably the biggest SME-focused Managed Services Provider in the country, with exceptionally advanced technical skills, particularly in the areas of high-end server monitoring and infrastructure monitoring. Both companies offer IT services to the SME market, so we have competed, but never collaborated. However, we have long respected their technical skills and regard them as superior to most other companies in the market."

As the second-largest SME-focused IT services firm in the region, CyberLogic also fields a highly skilled technical team, with its service desk and cloud offerings among its greatest strengths. A highly cash-positive concern, CyberLogic moved to acquire the majority share in Space Age Technologies to strengthen the service offerings both companies can take to market. "Our strengths dovetail well, and both companies can expect to benefit from the acquisition," says Bisset.

The two companies will field over 85 highly specialised tech experts based in Stellenbosch and Cape Town city bowl, and will retain their focus on the SME market. Bisset notes that SMEs have unique IT requirements and there are very few mature IT providers that focus purely on the SME market. As such, there is significant room for growth in this market.

For the foreseeable future, each company will operate independently and retain its own brand identity. Customers will benefit from streamlined services and access to expanded skills sets across a broader geographic focus area.

While CyberLogic and Space Age Technologies both focus mainly on the Western Cape region, both also service clients across South Africa. In future, CyberLogic may look to acquisitions that expand the companies' reach into regions such as Gauteng, Bisset says.

CyberLogic

CyberLogic is a managed IT services company based in Cape Town and serving clients around South Africa as well as abroad. Founded in 2006, it has grown to become a significant managed services provider (MSP) to the SME market, and in particular, to companies with a high reliance on their IT systems. CyberLogic has been repeatedly recognised by MSPmentor, the annual ranking of MSPs, as one of the leading players in Africa, and is again ranked by MSPmentor in its recently released global 501 listing as well as in the top 50 EMEA ranking. CyberLogic is a level-3 BBBEE contributor.

Space Age Technologies

Space Age Technologies is a multi-award winning business technology consulting and services firm based in Stellenbosch and servicing clients in the Western Cape and across South Africa. Founded in 1994, the company grew quickly from a PC reseller to an IT Management Services pioneer with software development capabilities, to the leading SME-focused Managed Services Provider in the region. Among its numerous awards are the 2014 PMR.africa Golden Arrow Award (IT Consulting Companies); 2014 Dell SA Network Security MSP of the Year; 2014 MWeb Business Top Performing Business Partner; 2013 MWeb Business Regional Partner of the Year; 2013 finalist in the Microsoft SA Core Infrastructure Partner of the Year, and 2012 finalist in the Microsoft SA Server Platform Partner of the Year and Microsoft Management and Virtualisation Partner of the Year.

Editorial contacts
Black Book Communications Hayley Turner (021) 701 1095 hayley@black-book.co.za
Cyberlogic Edge Bisset (021) 425 4200 edgeb@cyberlogic.co.za
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