Velocity Group Acquires Majority Stake in MLC Solutions
The Velocity Group, a South African strategic specialist ICT reseller and systems integrator, announced on Tuesday 31 October 2017 that the company has agreed terms for the acquisition of a majority stake in MLC Solutions for an undisclosed sum.
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. In addition to its Microsoft specialities, MLC has rich competencies in enterprise hardware installation and support, networking installation and support, as well as desktop managed services.
“The 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.”, states Jonathan Kropf, Group CEO of Velocity Group.
In addition to its Microsoft skills set, MLC has rich institutional knowledge of the mining, engineering and construction sectors, with industry experience that spans more than 15 years.
“These sectors are under immense pressure and are actively looking for ways to make their businesses more efficient, as well as derive the most out of their IT assets. We believe we are perfectly suited to help these customers, and now with the support of Velocity, will be able to add a new range of services as well as tap into the skills of the company to help meet our client’s business goals,” states Murray Lloyd, Divisional Manager – Services.
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.
The transaction is effective 1 November 2017 and the entity will trade as “Velocity | MLC”. Source: IT News Africa