{"id":208151,"date":"2017-10-31T10:21:16","date_gmt":"2017-10-31T08:21:16","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=208151"},"modified":"2017-10-31T10:21:16","modified_gmt":"2017-10-31T08:21:16","slug":"velocity-acquires-majority-stake-in-mlc-solutions","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/208151\/velocity-acquires-majority-stake-in-mlc-solutions\/","title":{"rendered":"Velocity acquires majority stake in MLC Solutions"},"content":{"rendered":"<p>The Velocity Group, a local strategic specialist ICT reseller and systems integrator, has acquired a majority stake in MLC Solutions for an undisclosed sum.<\/p>\n<p>MLC Solutions is a long-standing IT Services business, specialising in, amongst others, installing and supporting the full range of Microsoft solutions, including Microsoft Azure and Office 365, the vendors popular cloud offerings.<\/p>\n<p>In addition to its Microsoft specialities, MLC has competencies in enterprise hardware installation and support, networking installation and support, as well as desktop managed services.<\/p>\n<p>\u201cThe acquisition will add significant services revenue to the group and is in line with our stated goal to derive half of our group earnings from services within the next three years. The technical skills that MLC brings to the table are second to none, and we look forward to helping deliver on our stated Hybrid Cloud strategy to our customer base,&#8221; said Jonathan Kropf, Group CEO of Velocity Group.<\/p>\n<p>In addition to its Microsoft skills set, MLC has institutional knowledge of the mining, engineering and construction sectors, with industry experience that spans more than 15 years.<\/p>\n<p>The goal will be to expand the services offering beyond Gauteng and leverage off the Durban and Cape Town branches that already exist in the group.<\/p>\n<p>The transaction is effective <span data-term=\"goog_2051615954\">1 November<\/span> and the entity will trade as \u201cVelocity | MLC\u201d.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/general\/207759\/market-competition-for-it-service-providers-in-south-africa-intensifies\/\" target=\"_blank\" rel=\"noopener\">Market competition for IT service providers in South Africa intensifies<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Velocity Group, a local strategic specialist ICT reseller and systems integrator, has acquired a majority stake in MLC Solutions for an undisclosed sum.<\/p>\n","protected":false},"author":10,"featured_media":208159,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[31],"tags":[12519],"class_list":["post-208151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-velocity-group"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/208151","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=208151"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/208151\/revisions"}],"predecessor-version":[{"id":208161,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/208151\/revisions\/208161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/208159"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=208151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=208151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=208151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}