{"id":1659,"date":"2012-01-10T13:21:31","date_gmt":"2012-01-10T13:21:31","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=1659"},"modified":"2012-01-10T13:28:15","modified_gmt":"2012-01-10T13:28:15","slug":"magic-software-claims-100-stake-in-sa-distributor","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/software\/1659\/magic-software-claims-100-stake-in-sa-distributor\/","title":{"rendered":"Magic Software claims 100% stake in SA distributor"},"content":{"rendered":"<p><a title=\"Company Information\" href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php\/394947-Magic-Software\" target=\"_blank\">Magic Software Enterprises<\/a>, a global provider of mobile and cloud-enabled application and business integration platforms, said on Tuesday that it has purchased additional shares in its South African distributor, <a title=\"Company Information\" href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php\/394949-Magix-Integration\" target=\"_blank\">Magix Integration<\/a> to extend its presence in the country.<\/p>\n<p>The purchase sees the Israeli-based firm take a 100% shareholding in the company at a total value of $2.8 million.<\/p>\n<p>The sellers would receive an additional $400,000 depending on a number of performance targets in place.<\/p>\n<p>Amit Birk, VP M&amp;A Magic Software, said it was company policy to obtain total control of all its subsidiaries. \u201cThis move reasserts our strong faith in the future growth of the South African market.\u201d<\/p>\n<p>Magix Integration specialises in software integration and application development, implementing a combination of tools and disciplines to meet complex and large-scale software requirements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Magic Software Enterprises, a global provider of mobile and cloud-enabled application and business integration platforms, on Tuesday announced that it has purchased additional shares in its South African distributor, Magix Integration to extend its presence in the country.<\/p>\n","protected":false},"author":9,"featured_media":1673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[25,345,343,189],"class_list":["post-1659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-software","tag-active","tag-cloud","tag-magic-software-enterprises","tag-mobile-2"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/1659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=1659"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/1659\/revisions"}],"predecessor-version":[{"id":1687,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/1659\/revisions\/1687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/1673"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=1659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=1659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=1659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}