EOH snaps up 100% of ICT group Cornastone
Technology service provider EOH has acquired 100% of niche ICT firm, Cornastone.
Cornastone provides niche support services to telecommunications network operators in the areas of call centre operations, billing operations, revenue assurance and operational data analysis.
It also provides Application Managed Services (AMS) as well as unique revenue management and revenue protection solutions to the public sector.
Cornastone has been in business for over 15 years with an annual turnover in excess of R300 million. It has 280 people and over 100 enterprise customers across a variety of industries.
According to EOH, the Cornastone will enhance the group’s existing service offerings and improves its capability in the market place.
Joining the broader EOH platform will in turn enable Cornastone to reach many more customers, expand geographically and enhance its delivery capacity, the group said.
The acquistion is still subject to regulatory approval.
Read: EOH profit climbs 34%
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