Archive for the ‘Messages’ Category

Creation Of Crossfin Technology Holdings (Crossfin), an Investment holding entity in the fintech sector, supported by a strategic Investment partnership with the Multiply Group (Pty) Ltd

June 7th, 2017 | Messages, News | 0 Comments

Just over 5 years ago Capital Eye Investments (CEI) was established out of the former JSE listed UCS Group Limited, as an investment holding company with the stated mission of generating superior returns on technology and associated assets, with the clear objective of developing, expanding and realising returns in portfolio assets as and when they mature, achieving true value for the affected parties. It was in the ever evolving technology sector that the UCS Group had operated successfully over many years.

BCX acquired the Technology Services businesses from UCS in 2011, in a mutually beneficial transaction that was a prelude to the establishment of CEI which in 2013 divested from the expanding GAAP business that specialised in restaurant software systems. At the same time CEI invested in several start-ups and established dynamic technology businesses adding them to its expanding portfolio.

In keeping with its strategic intent, Capital Eye Investments is proud to announce the creation of Crossfin, made up of a logical grouping of its fintech assets that include: Alacrity, Innervation, Emerge Mobile (with iKhokha), the wiGroup and Blue Garnet. CEI welcomes the participation of the Multiply Group, as a third-party Investor, acquiring a 35% stake in Crossfin, the CEI fintech asset portfolio.

With its mission of providing “a unique investment platform for like-minded investors to leverage their collective resources for scale investments into Africa and beyond”, Multiply makes an ideal investment partner for CEI. With our mutual commitment to supporting teams with high skills and integrity we will continue to provide secure investment structures generating high returns for investors. With the backing of CEI and the investment by the Multiply Group, Crossfin is well positioned to invest actively in further acquisitions and to support organic growth and enhanced returns in the existing businesses. Crossfin will, moreover, continue to enjoy the benefits of the established CEI executive and business support structures.

With their experience and proven CEI track record, Dean Sparrow as the CEO of Crossfin and Anton Gaylard as its COO are confident that the new entity is perfectly positioned to become a market leader in the fintech space.

Crossfin will expand the Multiply Group vision of accelerating “growth and prosperity on the African continent” with its youthful population actively participating in the millennial generation’s propensity to disrupt established industries and transacting practices by embracing technology in an increasingly digital world. The impact is being felt rapidly in the retail and financial services industries where Crossfin entities currently process more than R55 billion in point of sale transactions and a further R6 billion in mobile transactions every year.

Both CEI and Multiply are enthusiastic in affirming their conviction that “Crossfin is an exciting prospect for any business looking to leverage or complement our existing Fintech ecosystem of partners, agents, merchants, retail till points and client base in Africa and beyond”. They are confident that the existing platform is poised for immediate growth.

AGM results

June 7th, 2017 | Messages, News | 0 Comments

The Annual General Meeting was held at the Company’s offices at 09:00 on 2 June 2017. All resolutions, as detailed in the Notice to the Annual General Meeting under the Investor Relations page, were carried at the meeting.

Fernridge Consulting disposal

June 7th, 2017 | Messages, News | 0 Comments

With effect from 1 March 2017 Capital Eye sold its entire equity interest and claims in Fernridge Consulting (Pty) Limited to Sanari Capital and Sanari Growth Partners (collectively “Sanari”). This was part of the Capital Eye strategy of exiting and liquidating interests in businesses that are deemed non-core. This strategy was refined and approved by the board of Capital Eye in November 2016 to group the logical portfolio assets into their respective independent themes of Fintech and Software and to realise at fair value its non-core assets.

Just Dynamics Awarded the Microsoft Dynamics™ ERP Partner of the Year 2015

October 28th, 2015 | Messages | 0 Comments

Congratulations to Jeffrey Mann and the Just Dynamics team on being awarded the Microsoft Dynamics™ ERP Partner of the Year 2015! The annual awards celebrate top Microsoft partners that demonstrate excellence in innovation and implementation of customer solutions based on Microsoft technology.

Just Dynamics is a Microsoft Gold Certified Partner that provides integrated business solutions for ERP, CRM and BI using the Microsoft Dynamics™ suite of applications. Recognising the globalization of supply chains and increasing customer demand for innovation and lower costs, Just Dynamics, with over 15 years of experience across retail, manufacturing and services industries, provide clients easy-to-use, flexible solutions enabling more effective management of their businesses. Services include analysis, design, customisation, implementation, project management, training and support.

Just Dynamics Awarded the Microsoft Dynamics™ ERP Partner of the Year 2015

Just Dynamics Awarded the Microsoft Dynamics™ ERP Partner of the Year 2015

Investec Asset Management Buys Stake in wiGroup

August 12th, 2015 | Messages, News | 0 Comments

Investec Asset Management has acquired a significant shareholding in wiGroup, South Africa’s only interoperable point-of-sale mobile transacting network. The deal will enable Investec Asset Management to partner with wiGroup and Capital Eye Investments (“CEI”) to support wiGroup’s growth and development on a local and international level.

Founded in 2007, and backed by CEI, wiGroup’s proprietary mobile transacting network has grown to over 55,000 point-of-sale lanes, providing services to more than fifty mobile transacting issuers. The mobile transaction platform, wiCode platform, is utilised by multiple industries including five large retail chains, over ten hospitality chains, more than fifty FMCG brands and eight mobile issuers in South Africa alone; with a total in-store mobile transaction value of over R4 billion processed securely to date.  In addition, wiGroup develops innovative technology solutions that enable integrated mobile-based payments, loyalty, coupon, voucher, reward and gift programmes.

Anton Gaylard, Capital Eye Investments Executive: “CEI backed the founding management entrepreneurs from inception, and having reached a level of critical mass locally, we are excited about working with Investec Asset Management’s Private Equity team to expand the business across Africa and other relevant international markets.”

wiGroup’s technology is well-suited to emerging markets in Africa and beyond where mobile-based transacting is poised to leapfrog traditional card-based payment, reward and loyalty solutions. Recently wiGroup established a joint venture with Nigeria’s leading SWITCH and payment processor, expanding the wiGroup technology platform into West Africa.

Bevan Ducasse, wiGroup Founder & CEO: “Our partnership with Investec Asset Management marks an important milestone for wiGroup. The expansion capital will enable wiGroup’s international growth objectives, the enhancement of our current product portfolio and will facilitate R&D and the development of new products. We look forward to working closely with both Investec Asset Management and Capital Eye as we grow the business to the next level.”

The expansion capital is funded via Investec Asset Management’s African private equity capability. The Private Equity strategy focuses on growth capital and buyout investments in established mid-market and larger companies in Africa, with the objective of supporting the creation of local or regional champions in their respective industries.

William Alexander, Private Equity Investment Principal at Investec Asset Management: “Investec Asset Management is delighted to partner with wiGroup’s founder-management.  wiGroup has established itself as the leading mobile transaction technology company in Africa and we are looking forward to supporting the business as it enters its next phase of growth and development.”

Click here for wiGroup’s radio interview on ‘The Money Show’.

Click here to watch Bevan Ducasse on CNBC Africa.

Appointment of Lindsey Ord as COO

June 1st, 2015 | Messages, Uncategorized | 0 Comments

The Capital Eye Investments Limited (“CEI”) Board is pleased to welcome Lindsey Ord as Chief Operating Officer (“COO”) effective 01 June 2015.

Lindsey’s 13 years with the Old Mutual Group in a variety of positions, including her most recent role as Operations Officer for the African Infrastructure Investment Managers (Pty) Ltd (“AIIM”) business, where she participated as a member of the executive committee in the development of AIIM’s strategic route map, make her an ideal CEI executive appointment. Her COO role will be pivotal in CEI’s evolution into the private equity fund management space and will include responsibility for the Company’s financial, governance and compliance functions in addition to sourcing and evaluating investment opportunities, managing investor relations and communication within the investment portfolio.

We extend a warm welcome to Lindsey and wish her every success in her new role where we believe her qualifications, technical capability, track record and experience, which includes detailed hands on involvement in the investment and fund management sector, will be of immense value.

Josie Fortuin Relocates to Europe, Stepping Down From the Capital Eye Board

May 31st, 2015 | Messages, Uncategorized | 0 Comments

Josie Fortuin joined the UCS Group in 2004, was subsequently appointed Group Financial Manager in March 2005, and in April 2009 was appointed as Group Chief Financial Officer. A qualified CA (SA), Josie was intricately involved in, inter alia, the creation and unbundling of Argility, the disposal of the greater part of UCS Group to The Business Connexion Group, and several acquisitive and divestive transactions. Josie’s astute mind has been a financial rudder in the journey from UCS Group to Capital Eye Investments (“CEI”).

Following more than 11 years of service, Josie has relocated to Switzerland with her husband and looking forward to the birth of their first child later this year. While Josie’s presence on the CEI Board, CEI Investment Committee and in the office will be notably missed, CEI wishes her all the success as she charts the next chapter in her life.

Vani Chetty Joins International Law Firm Baker & McKenzie LLP, Stepping Down From the Capital Eye Board

August 15th, 2014 | Messages | 0 Comments

Vani has been practicing law for over 20 years. Starting her own firm in 2007, Vani Chetty Competition Law, Vani has gained extensive experience in advising local and foreign firms in all competition-related issues representing, inter alia, leading petroleum, milling, tire, steel, technology, bitumen and fertilizer industry players.

Vani is also heavily involved in competition policy implementation; co-chairing the subgroup on competition policy implementation for the International Chamber of Commerce Commission to the International Competition Network; and has been a regular speaker at the American Bar Association and at annual meetings of the Organization for Economic Cooperation and Development.

“Vani is not only a recognised expert in competition law but has a strong international client base which she has built single-handedly,” says Samantha Mobley, chair of Baker & McKenzie’s global antitrust and competition practice group. “We are excited that she will be joining our team and providing strategic leadership to help our clients expand their operations in South Africa and the rest of the continent.”

Vani Chetty was appointed to the Capital Eye Investments (“CEI”) Board in March 2007, and steps down with effect from 1 August 2014. While Vani’s presence on the CEI Board will be notably missed, CEI wishes her all the success in her new role, and looks forward to continuing a relationship with Vani in her capacity as an internationally recognised, leading competition lawyer.

Emerge Mobile Powers Disruptive Financial Services Provider – iKhokha

July 10th, 2014 | Messages | 0 Comments

Following Emerge Mobile’s achievement in being the first South African and African company to achieve international security certifications for its mobile point-of-sale (“MPOS”) system that allows merchants to use their smartphones to accept chip-and-pin card payments, they have powered a disruptive South African mobile financial services provider in iKhokha.

iKhokha, which means “to pay” in Zulu, is a B2C and B2B financial services provider, providing a bank agnostic, internationally accredited MPOS solution which, inter alia, allows any and all merchants to accept secure payments anytime, anywhere; track their business performance and sell airtime all while on the move.

Click here to view a short video on iKhokha.

Indaba Mobile Powers Multinational Mobile Research Firm

May 30th, 2014 | Messages | 0 Comments

Indaba Mobile extends mobile social communities to ANY organisations wishing to build, understand and communicate with their own private mobile community; be it a retailer, financial services company, a football club, or a market research company. Indaba’s technology is capable of communicating across devices (dumb, feature, and smart phones), providing rich data points and value-added-services, integrating into any system at a fraction of the traditional cost.

Indaba Mobile powers multinational market research firm MDI, enabling them to deliver more qualitative, efficient market research at a fraction of traditional market research costs, providing direct customer insights through dynamic and interactive online dashboards that work on PC, tablet or mobile.

Click here to view a short video on MDI. Click here to find out more about Indaba Mobile.