EOH acquires Microsoft specialist Belay in South Africa

Mergers, Acquisitions and Financial Results

JSE-listed IT services company EOH has acquired Belay, a 200-person IT solutions provider based in Midrand that specialises in Microsoft technology.

The value of the deal has not been disclosed and the transaction is still subject to approval by the Competition Commission.

Belay is involved in custom software development, data management, business intelligence, server management, enterprise content magement and other specialist IT areas. The acquisition will give Belay access to a broader customer and skills base and strengthen the company’s empowerment credentials, says Belay CEO George Grimes.

EOH CEO Asher Bohbot says Belay is will add “significant weight” to the company’s Microsoft and enterprise content management offerings. EOH, a darling among local technology investors, has about 2 300 staff and revenues of over R2bn/year. It listed on the JSE in 1998.