{"id":176595,"date":"2017-05-25T16:22:12","date_gmt":"2017-05-25T14:22:12","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=176595"},"modified":"2017-05-25T16:22:12","modified_gmt":"2017-05-25T14:22:12","slug":"jasco-to-buy-majority-stake-in-ftth-business-for-r40-million","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/176595\/jasco-to-buy-majority-stake-in-ftth-business-for-r40-million\/","title":{"rendered":"Jasco to buy majority stake in FTTH business for R40 million"},"content":{"rendered":"<p>Listed company Jasco Electronics is set to acquire 51% of IT company, Reflex, for R39.78 million as part of a sale of shares agreement with owner Greg Wilson, David Robinson, and Reflex Solutions.<\/p>\n<p>Reflex was established in 2000 by Wilson in Johannesburg and initially specialised in the IT managed services market before adding hosted IT Infrastructure, cloud services and more recently fibre to the home (FTTH) solutions.<\/p>\n<p>Reflex\u2019s operations cover Johannesburg, Cape Town, Port Elizabeth and Durban. Its blue-chip customer base spans the retail, logistics, education, telecommunications and financial services industries.<\/p>\n<p>It has a track-record of double-digit revenue growth since 2013, with consistent<br \/>\noperating margins above 10%.<\/p>\n<p>Jasco said that the Reflex acquisition will ensure that the Jasco Enterprise offering in the corporate market is further enhanced by now being able to supply IT WAN (wide area network) \/ LAN (local area network), desktop and server managed services, hosted IT Infrastructure, cloud unified communications and contact centre solutions.<\/p>\n<p>Jasco would also gain access to the lucrative growth market of FTTH solutions.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/business\/165509\/jasco-acquires-fire-systems-group-cross-fire-for-r52-million\/\" target=\"_blank\" rel=\"noopener noreferrer\">Jasco acquires fire systems group Cross Fire for R52 million<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jasco Electronics is set to acquire 51% of IT company, Reflex, for R39.78 million as part of a sale of shares agreement with owner Greg Wilson.<\/p>\n","protected":false},"author":10,"featured_media":31325,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[25,893],"class_list":["post-176595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-active","tag-jasco"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/176595","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=176595"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/176595\/revisions"}],"predecessor-version":[{"id":176605,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/176595\/revisions\/176605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/31325"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=176595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=176595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=176595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}