Listed technology group EOH has announced the acquisition of 100% of Rindedata, an IT consultancy specialising in cloud solutions for the office of finance, for an undisclosed sum.
Founded in 1996, Rinedata’s core focus is to help the finance function transform, drive efficiency and obtain real-time visibility into business performance through cloud technology. Services include consulting and implementation of enterprise resource planning (ERP), corporate performance management (CPM), and business intelligence (BI) solutions.
Now re-branded EOH UK, the company is headquartered in London with regional offices in Northampton and Johannesburg. The former Rinedata is now part of EOH’s International division. As Regional Managing Director, UK & Europe, founder Kirit Patel is helping drive the company’s aggressive growth ambitions in the UK and across Europe.
“Anyone who wants be a truly global player in IT services needs a robust presence in the UK,” commented Patel. “Our superb client base, combined with our foundation in the technologies at the heart of today’s finance function, makes us a perfect fit for EOH’s international ambitions.”
Johannesburg-listed EOH has a market capitalisation of 20 billion Rand, with over 12,000 employees serving 5000 companies in 50 countries. It was ranked 7th in The Times Top 100 companies last year and has been ranked in the Top 20 Companies list by The Sunday Times for the last three years.
EbrahimLaher, CEO of EOH International, commented: “For EOH, finding businesses that fit into our philosophy of entrepreneurship, great people and delivery excellence is the most important endeavour as we look at growing our footprint globally. In Rinedata we found the perfect mix. It has been built on a bedrock of delivery excellence borne out of entrepreneurs who have created a fearsome reputation of quality and value-add to customers.”