Listed technology group EOH has announced the acquisition of 100% of Sybrin, a developer of software for the financial services and other industry sectors for an undisclosed sum.
Some of Sybrin’s products include workflow software, payment, imaging and document management solutions.
Sybrin employs over 150 people and has completed over 400 product implementations across four industry verticals with a core focus on financial services.
Sybrin is headquartered in South Africa and has regional offices in Kenya, Zimbabwe, Zambia, Tanzania Rwanda and Mozambique and works across 17 African Countries, Europe and the Middle East.
“Sybrin is a great fit into our existing strategy which includes stronger vertical focus and aggressive African expansion,” said Asher Bohbot CEO of EOH.
“Sybrin already partners with many of our existing technology partners and in turn will add to strengthening these relationships and our combined value propositions going forward,” he said.