Metrofile buys Global Continuity SA
Listed information and records storage management company, Metrofile (MFL), has acquired Global Continuity South Africa for an undisclosed sum.
Global Continuity South Africa is a business providing innovative Business Continuity Management (BCM) and Information Technology Service Continuity (ITSC) solutions.
Metrofile CEO, Graham Wackrill, said the purchase is directly in-line with the group’s growth strategy, and enables the company to offer an even more comprehensive product offering to both new and existing clients.
“Effective records management and data protection has always played a critical role in every organisation’s BC and Disaster Recovery plans, so aligning Metrofile and its various group companies with Global Continuity SA is a natural and complimentary partnership that will ensure we are able to offer the most innovative and cutting-edge solutions to all of our clients.”
Ray Stride, MD of Global Continuity SA, said that, in addition to well-known causes of business interruption such as hardware failure, power outages, theft or natural disasters, South African businesses are also beginning to face a number of new threats to critical business operations.
“Labour unrest, road safety, declining security and safety standards and environmental issues – such as acid mine drainage – can result in a business becoming inoperable within a matter of seconds if there is no tested BCM solution in place.
“The repercussions for businesses with no effective BCM solution can range from loss of revenue, assets, clients and staff to litigation, penalties and perhaps even worst of all, reputational damage,” Stride added.
In February, Metrofile announced a 14.8% rise in revenue, increased to R252.6 million, and EBITDA rose by 19.6% – to R81.6 million.
The group increased its interim dividend to 3.0 cents per share from 2.0 cents in the same period last year.
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