In October 2010 MyBroadband provided a list of South African tech companies to watch. Most of these companies performed very well since then, and most of them were acquired by bigger players.
The 2010 list consisted of Nology, Neology, ARC Telecoms, Cerebra, Technology Concepts, and Quirk.
Nology is the only one in the list which was not acquired, and is still successfully run by the founders Karel and Riaan Leuschner.
Neology was acquired by Multisource in October 2013, while ARC Telecoms was acquired by Jasco in April 2012.
Technology Concepts was bought by Altech in 2010, while Cerebra and Quirk were acquired by the global advertising giant WPP.
The South African technology market is growing, and there are many new and existing companies which were started since 2010.
Here are some of the tech-focused companies which are making waves, and should be watched.
Clockwork MediaClockwork Media is a content and communications agency which was founded and is run by two former MyBroadband journalists: Tom Manners and Nic Simmonds. The agency has a strong tech focus, and has shown very strong growth over the last three years.
Parcelninja, which provides cloud-based warehousing and delivery solutions in South Africa, was started in 2013 by Justin Drennan, Ryan Drennan, and Terence Murphy. It launched its first commercial services in October 2014. The company attracted a R20 million investment from C5 Holdings in early 2015.
uAfrica.com is a technology company providing cloud based eCommerce services to SMEs across Africa. It was founded by former Bidorbuy CEO Andy Higgins in 2011, and has shown good growth in recent years. In May 2014 the company raised $1.5 million to grow its operations.
PayFast is a payments processing service aimed at the South African market. The company was founded by Jonathan Smit and Andy Higgins in 2007, and has signed up thousands of local eCommerce platforms which use its services.
Raru was launched in June 2014 by the original founders of Take 2 – now Takealot. Raru is focussed on technology, gaming, and entertainment, and has become a preferred online shopping destination for many South Africans.
OnNet is a Cape Town based development agency, founded by Charl Norman and Bradley Voges. OnNet manages 60% of South Africa's magazine web and mobile sites, and the agency boasts an impressive client list, including TRACE TV, Media24, Eat Out, Taste, PlanetF1, and Toyota.
Takealot got another R716 million from Naspers
PIC increases its stake in Vodacom
Source: 6 South African tech companies to watch
No comments:
Post a Comment