News

Thuthukani Information Technology Services (Pty) Ltd, is proud to announce that in 2018 it is celebrating 20 years of operating in the information technology and related services field.

With two decades worth of skills, knowledge and expertise behind it, the company is able to consistently craft the best possible technology solutions for its customers, systematically invest in customer-driven requirements and routinely deliver leading information technology vision globally.

Thuthukani IT Services was looking at further growth. With its shareholding in subsidiaries and an operational
element to the business, it became important to align the various entities and to ensure that the shareholder
(Thuthukani IT Services) did not compete with its subsidiaries, but rather managed the synergy between these
entities.

Thuthukani IT Services thus became a holding company.

With Thuthukani IT Services becoming a holding company, Thuthukani Technology Solutions, a 100% subsidiary
was created. Thuthukani Technology Solutions took on the operational elements of Thuthukani IT Services
whilst bringing additional services and solutions to the group’s portfolio.

On the 3rd of July 2015 , Thuthukani Information Technology Services (Pty) Ltd exercised an option to dispose
of its entire holding in Atio Corporation (Pty) Ltd. The disposal of the Atio shares places Thuthukani in a position
to identify and explore strategic acquisitions in businesses which will add value to the group and which will be
aligned with future strategies of the company.

The company wishes to thank Atio management and staff for their efforts and their labour in making Atio an
excellent business and for their contribution to Thuthukani and we wish Atio all the very best for the future.

In  2013, Fujitsu – the merged entity of Fujitsu Siemens Computers and Fujitsu – signed a BBBEE deal with
Thuthukani Investment Consortium. The significance of this deal is that this was the merged platforms and
services business of Fujitsu, thus broadening the portfolio of Thuthukani IT Services. More information on this
transaction is available at the following link:to-Africa-with-equity-BBBEE-deal&catid=69″ target=”_blank” rel=”noopener”>
http://www.itweb.co.za/index.php?option=com_content&view=article&id=62902:Fujitsu-strengthens-commitment-to-Africa-with-equity-BBBEE-deal&catid=69

Tasima (Pty) Ltd was formed in 2002 to create, effectively manage and refine the National Traffic Information
System (eNatis) project on behalf of the National Department of Transport and the nine provinces.

December 2009 brought structural changes and streamlining to Tasima when Arivia.kom sold its shareholding to
Thuthukani Information Technology Services (Pty) Ltd and Webcom Consulting (Pty) Ltd, both of which were
shareholders of Tasima from the start.

Tasima was restructured which resulted in an improved, unified company structure and Tasima, ISO 9001:2008
certified for its quality management system, is now actively pursuing road traffic-management related projects
in the continent and beyond.

In 2013 Thuthukani Information Technology Services (Pty) Ltd acquired all the shares of Webcom Consulting
(Pty) Ltd in Tasima thus making Thuthukani IT Services (Pty) Ltd the sole shareholder in Tasima (Pty) Ltd.

In 2012, Ethos Private Equity’s Technology Fund sold its shareholding in ATIO to the company with the
resultant redistribution of the shares. This saw Thuthukani IT Services increase its shareholding in ATIO to
61%. More information on this transaction can be found at the following link :

http://www.itweb.co.za/index.php?option=com_content&view=article&id=52218:atio-wraps-up-share-buyback&catid=69

in 2008, Thuthukani ITServices, together with Amava Holdings formed a company (Thuthukani Investment
Consortium) which acquired 25% plus one share of Fujitsu Siemens Computers. This was the first time that
a multinational IT Vendor had entered into an empowerment deal at the equity level. Details on this transaction
are available by clicking on this link:
http://www.itweb.co.za/index.php?option=com_content&view=article&id=102:fujitsu-siemens-computers-concludes-unique-enterprise-development-shareholding-transaction-with-thuthukani-investment-consortium&catid=69

In January 2006 – Thuthukani IT Services increased its shareholding in ATIO to 35%. This was in line with the
initial equity plan for ATIO Corporation and the deal resulted out of the buy-out of the US-based Zephyr
Management Africa Investment Fund. The deal resulted in ATIO Corporation becoming 100% South African
owned and positioned the company for future growth. Details on this transaction are obtainable by clicking on:
http://www.moneyweb.co.za/moneyweb-article-detail/atio-corporation-announces-buyout-in-partnership-w?sn=Daily%20news%20detail