[Johannesburg, 29 July 2008] - dns telecom, a converged telecommunications solutions company, today announced that Amava Holdings had taken a 30% stake in the company.
“Amava Holdings is a 100% black-owned and black-managed entity,” commented Vaughn Humphrey, MD of dns telecom.
“The group is not just an investment company but one that is actively involved within the ICT industry and thus brings significant value-add to our business, as well as influencing our BEE profile.”
“dns telecom is one of our key strategic assets,” added Puventhiren Ramasamy, MD of the Amava Group. “It complements our the strategic interests in have in BCSNet, Fujitsu Siemens Computer Services and Peopletree Holdings; as well as our direct ICT interests, namely, Amava Information Technologies, HR Focus, SA-ICT Ventures and Magnum Simplex International.”
Amava Holdings is a black empowered investment company with a key focus on the ICT sector in South Africa and Africa. Amava took a different approach from traditional BEE transactions, in that it focused much of its effort on its technical and operational competencies as a value add.
This has borne fruit and they have invested in a number of medium sized ICT businesses that are leaders in their field of development and expertise.Its experience in the telecoms, networking and software development area is exceptional with a diversified experience team with extensive public and private sector exposure to the South African business world strengthened with World Class Best Practice knowledge and experience internationally. Their key to the success of the group has been tenacity in a challenging business environment driven by growing market share and collaboration through collectivism of the team as a shareholders and its operational management team.
Their key strategy is the development of the South African ICT industry by providing a world class service to its client base, introducing leading edge technologies to them, and developing South African Intellectual Property that has global aspirations.The group has a staff complement of 150 professional and skilled management and engineers across the various group companies. Amava Information Technologies has been awarded one of the top 300 Empowerment Companies Award.
Dial and Save (now dns telecom) was originally established in 2004 by a group of IT and telephony professionals to intercept and exploit the opportunities created by the deregulation of the South African telecommunications industry.