GAAP Point of Sale has announced the acquisition of A.M. Audio.  A.M. Audio is the African distributor of HME products, the premier technology provider to the drive-through segment of the hospitality industry.

AM Audio supplies, installs and supports an extensive range of wireless communication devices, service timers and intelligent reporting to drive-through outlets. 

GAAP Point of Sale started operating more than 35 years ago and is now 51% owned by Tarsus Technology Group who in turn are 100% owned by Investec. GAAP P-O-S has grown into the largest POS system provider to the Southern African hospitality industry with over 7 000 users around Africa and a staff complement of 500 working from 17 branches around South Africa. 

“This acquisition matches our policy to provide complete IT services to our large clientbase within the hospitality industry,” said GAAP Point of Sale MD, JP d'Abbadie. “GAAP is showing excellent growth in Africa and this combines well with what AM Audio have been doing on the continent. We look forward to continued growth in this area as well as the planned growth in the drive-through segment of the industry in South Africa.” 

As well as industry-leading P-O-S hardware and software solutions, GAAP also offers digital menuboards along with extensive enterprise level controls and reporting to over 150 franchise groups.

The drive-through technology that comes with AM Audio will extend the GAAP offering to these customers. 

AM Audio operations will soon be incorporated into the GAAP offices in Midrand, Durban and Cape Town, as well as giving their existing and future customers access to the extensive GAAP infrastructure around South Africa and the African continent.

HOSTAFRICA acquires VPS Networks in a multi-million rand deal as it continues to roll out its growth strategy in the South African Hosting Market  

HOSTAFRICA Pty Ltd. acquires VPS Networks Pty Ltd., including its employees, technical equipment and customers, effective December 1, 2016. This acquisition will strengthen the strong cloud focus of the South African hosting provider. The acquisition is backed by the Swiss investment company Concorde Industries.  

(Cape Town, 8 Dec 2016) VPS Networks is one of South Africa’s oldest providers of virtual servers. The private company has vast expertise in cloud solutions and is able to tailor a service to any server hosting requirement. It offers a fully-automated portfolio of products, including small development servers and larger cloud servers for both Windows and Linux. Both companies, HOSTAFRICA and VPS Networks, share the same vision with a strong focus on customers and technical innovation.  

“VPS Networks grew more than 30% in the past year and we have been searching for a strong partner to facilitate continued growth,” says David Venter, managing director of VPS Networks. “And we found just such a partner in HOSTAFRICA. We couldn’t be happier to be part of the team.”  

Venter will join the HOSTAFRICA team as CTO and his team will ensure that HOSTAFRICA goes from strength to strength. Current VPS Networks customers will be relieved to hear that nothing about VPS Networks’ services will change, apart from the invoicing, which will now be done by HOSTAFRICA.  

HOSTAFRICA’s build and buy strategy  

As a significant milestone, HOSTAFRICA’s major acquisition of VPS Networks marks an important step in fostering the company’s growth in the South African hosting market. HOSTAFRICA is focusing on organic growth while completing its portfolio with strategically relevant acquisitions.  

“The takeover of VPS Networks by HOSTAFRICA is a coup for the fast-growing South African hosting industry,” says Michael Osterloh, CEO of HOSTAFRICA. “The demand for cloud infrastructure continues to grow year on year. HOSTAFRICA believes that moving forward with an acquisition will help provide an extended and updated product portfolio to its clients, keeping them consistently competitive and relevant.”  

The acquisition was supported by the Swiss investment company Concorde Industries, which became a shareholder in HOSTAFRICA during the acquisition. In partnership with HOSTAFRICA, the new investor is planning further strategic acquisitions in the South African hosting market.    

About HOSTAFRICA
HOSTAFRICA is an established hosting company that provides cloud and webhosting solutions, domains and SSL certificates. Mostly orientated towards providing SMEs hosting solutions, HOSTAFRICA offers self-managed, efficient and reliable hosting services at competitive and affordable rates.