TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentral TechCentral
    NEWSLETTER
    • News

      France’s Canal+ takes MultiChoice stake to 20%

      7 July 2022

      Huge Group to acquire what was Virgin Mobile in South Africa

      6 July 2022

      TechCentral needs your feedback – 2022 reader survey now live

      6 July 2022

      Call for ‘energy emergency’ to end load shedding

      6 July 2022

      What South Africa can learn from India’s IT boom

      6 July 2022
    • World

      Clear signs of trouble ahead for the global tech industry

      7 July 2022

      Elon Musk had twins last year with Shivon Zilis, one of his top execs

      7 July 2022

      China accuses US of ‘technological terrorism’

      6 July 2022

      Apple devices to get ‘Lockdown Mode’ to fight spyware

      6 July 2022

      Scientists at Cern observe three ‘exotic’ new particles

      6 July 2022
    • In-depth

      The bonfire of the NFTs

      5 July 2022

      The NFT party is over

      30 June 2022

      The great crypto crash: the fallout, and what happens next

      22 June 2022

      Goodbye, Internet Explorer – you really won’t be missed

      19 June 2022

      Oracle’s database dominance threatened by rise of cloud-first rivals

      13 June 2022
    • Podcasts

      Demystifying the complexity of AI – fact vs fiction

      6 July 2022

      How your organisation can triage its information security risk

      22 June 2022

      Everything PC S01E06 – ‘Apple Silicon’

      15 June 2022

      The youth might just save us

      15 June 2022

      Everything PC S01E05 – ‘Nvidia: The Green Goblin’

      8 June 2022
    • Opinion

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022

      A proposed solution to crypto’s stablecoin problem

      19 May 2022

      From spectrum to roads, why fixing SA’s problems is an uphill battle

      19 April 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»News»Altech buys Swisttech for R52m

    Altech buys Swisttech for R52m

    News By Editor13 December 2010
    Facebook Twitter LinkedIn WhatsApp Telegram Email
    Altech CEO Craig Venter

    Altech has bought software vendor Swist Technology Solutions (Swisttech) for R52m. It will pay R30m upfront, with the balance to be paid over three years, depending on whether specific profit targets are achieved.

    Swisttech management and staff will stay on board and key senior staff will be given four-year contracts with Altech. The company provides infrastructure and integration services, billing products, mobility solutions and software development.

    Altech is hoping to bolster its own product lines through the deal, providing solutions to financial services and telecommunications businesses.

    “It allows Altech to offer a turnkey billing solution that is very attractive to network operators, with the added advantage of having to deal with only one supplier for the majority of their required business functionality,” says Altech CEO Craig Venter.

    Venter says Swisttech has a strong research and development focus. “The company has produced profitable results since its inception,” says Venter.  — Staff reporter, TechCentral

    • See also: Altron, Altech warn on outlook
    • Subscribe to our free daily newsletter
    • Follow us on Twitter or on Facebook
    Altech Craig Venter Swist Technology Solutions
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleInternational newsmakers of the year
    Next Article The world’s scariest job (video)

    Related Posts

    France’s Canal+ takes MultiChoice stake to 20%

    7 July 2022

    Huge Group to acquire what was Virgin Mobile in South Africa

    6 July 2022

    TechCentral needs your feedback – 2022 reader survey now live

    6 July 2022
    Add A Comment

    Comments are closed.

    Promoted

    Following its acquisition by Schwarz Group, XM Cyber buys Cyber Observer

    7 July 2022

    Hot Ink certifies and diversifies to maintain competitive printing edge

    5 July 2022

    Increased flexibility with Dell Precision Mobile Workstations

    5 July 2022
    Opinion

    South Africa can no longer rely on Eskom alone

    4 July 2022

    Has South Africa’s advertising industry lost its way?

    21 June 2022

    Rob Lith: What Icasa’s spectrum auction means for SA companies

    13 June 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.