EOH Holdings, the JSE-listed technology services group, has appointed IBM veteran Ziaad Suleman as chief commercial officer of its core iOCO business.
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EOH Holdings announced on Tuesday that it has sold subsidiary Sybrin for a cash consideration of R334.4-million. The money will be used mainly to pay down debt.
Exclusive | Rob Godlonton, a former top executive at EOH Holdings, is spearheading the development of a new IT services business in the JSE-listed Reunert stable.
The City of Johannesburg has reassured residents that the end of an SAP support contract with EOH Holdings will not affect the city’s billing system or its other IT infrastructure.
Two years after TechCentral broke the news that the US SEC was investigating a dodgy licensing deal involving Microsoft and EOH at the department of defence, EOH has agreed to pay back the money.
EOH Holdings has reduced its headcount by 1 566 employees in the past six months, mainly through selling or closing non-core and non-performing businesses, as it streamlines its operations and further reduces debt.
EOH Holdings’ six-monthly revenue, for the period ended 31 January 2021, fell by 29% year on year, mostly due to the disposal of businesses, as it said legacy public sector contract problems are now “under control”.
EOH expects its losses to narrow significantly in the six months ended 31 January 2021, but the shares fell sharply in reaction to a trading statement published on Thursday.
Promoted | In the final episode in this week’s series of podcasts with iOCO executives, we speak to Brian Harding and Richard Vester about the company’s expertise in software development and cloud computing.
Promoted | It used to be that getting value from software in a business was mostly about what technologies were available, and your ability to develop those that weren’t. Application programming interfaces have changed that. By iOCO’s Colin Millar.