Tech Group Alviva Holdings To Buy Rival Tarsus For US$11.8m

Tarsus Technology Group and Our Transformation to Digital: Part I - tarsus .today

SOUTH AFRICA – Technology group Alviva Holdings has agreed to buy rival Tarsus Technology Group for a maximum consideration of US$11.8 million in cash.

It was reported in mid-October that Alviva was in discussions to buy Tarsus, prompting Alviva to file a regulatory notice to shareholders via the Johannesburg Stock Exchange (JSE) confirming that the talks were indeed taking place.

Tarsus, previously known as MB Technologies and which was previously listed on the JSE, was founded in the mid-1980s by businessmen Leo Baxter and Mike McGrath, neither of whom are still involved.

Alviva's distribution business takes a hit

Alviva CEO Pierre Spies is a former CEO at Tarsus and so understands the business intimately.

The sale will provide an exit to shareholders, including banking group Investec.

Tarsus Technology Group has two main operating subsidiaries: Tarsus Distribution, which owns South African, Botswanan and Namibian IT distribution operations and Tarsus on Demand, which operates a cloud solutions business.

“The group said it has agreed to buy Tarsus to expand its existing IT distribution businesses, mainly Axiz and Pinnacle”

The transaction excluded the GAAP Point-of-Sale software business, which will be distributed prior to Alviva’s acquisition, to the current shareholders, Alviva said.

Read also: EU’s Leading VC Pours $10M Seed, Its First Ever Funding In Africa, Into A Year-Old Nigerian Startup Kuda

The group said it has agreed to buy Tarsus to expand its existing IT distribution businesses (mainly Axiz and Pinnacle) into the retail customer segment where Alviva has limited exposure.

This image has an empty alt attribute; its file name is image-16.png

It will also expand its product baskets by adding new vendors as well as give it greater exposure in other African markets.

Similarly, it will get access to a cloud solutions business that is “significantly larger” than Alviva’s.

The deal is subject to several conditions, including successful approval by the competition authorities – something that could prove a sticking point if another IT distributor takes exception to the deal. 

Read full article here

GetFundedAfrica’s mission is to uplift people and economies in Africa through entrepreneurship; helping companies find funding, grow, create jobs and solve society’s greatest challenges

Guest Contribution, GFA Attract & Application Portal For Funding

This image has an empty alt attribute; its file name is image-35.png

Guest Contribution: Disruptive Digital Solutions Is Rewiring The DNA Of Banking

Imagine a bank whose customers can tap on a wearable device to make a payment, regularly receive updates on changes they could make to their investment portfolio through AI-generated insights. Read more

GFA Attract Interview

Victor Boyle-Komolafe, the co-founder of Garbage In, Value Out (GIVO), a system that automates and digitises the collection, processing, and sale of recyclable materials. Watch Here

Apply For Funding

GetFundedAfrica provides equity capital from $1,000 to $50,000.
For larger amounts (Above $50,000)
we organize syndicated funding rounds of up to $500,000.
Apply Here

Follow Us

See the source image
See the source image

One thing I always tell myself and made my philosophy is to admit when I need help and I always find somebody to help. It’s crucial to admit it when you are wrong and never make the same mistake again. — Nkemdilim Begho, Future Software Resources Limited, Nigeria.

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email:

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button