Synergy BI undergoes management takeover

The management of Synergy Business Intelligence has acquired a controlling stake in the company after completing a buy-out from current owners, Sekunjalo TSG.

In the new structure, Synergy management will own 51%, Nkunzini Consulting 36.1% and private equity investor, Dale Capital 12.9%.

Synergy BI managing director, Christo Bredenkamp, said the deal brings together two successful business intelligence companies.

“I believe this deal will unlock a number of new opportunities for the company. We have been working closely with Nkunzini Consulting during the past two years and, in a sense, this transaction is confirmation of what is already happening in practice.

He added that the deal was particularly pleasing to his senior team. “We have, over many years, gathered some of the best BI people in this country and they will now be in charge of their own future,” he said.

Mondli Mlangeni, founder and MD of Nkunzini Consulting, said the vision to enable Government to make sound decisions based on reliable information, originally brought the two companies together.

“The relationship of trust has led to Nkunzini Consulting taking up the 36.1% stake at Synergy BI. This will enhance the delivery capability of the two companies, and at the same time facilitate our key vision of creating a good ‘knowledge base’ for Government and other public entities.