EOH announces the acquisition of 100% of the Cornastone Group of Companies, subject to regulatory approval.

Cornastone’s diverse business offerings include:

  • providing niche support services to telecommunications network operators in the areas of  call centre operations, billing operations, revenue assurance and  operational data analysis;
  • providing Application Managed Services (AMS) to their customers ensuring high availability services and business continuity;
  • providing unique revenue management and revenue protection solutions to Public Sector Customers using their advanced billing systems and big data insights.

Cornastone has been in business for over 15 years with an annual turnover in excess of R300 million. Cornastone has 280 people and over 100 enterprise customers across a variety of industries.

Lufuno Nevhutalu, CEO of Cornastone, believes that in joining EOH, Cornastone brings a wealth of knowledge and experience both in the private and public sectors.

“Cornastone’s technology, know-how and experience, combined with EOH’s existing customer base will ensure that we are able to add incredible value to both our combined customer base”, says Nevhutalu.

“EOH is very excited to have Cornastone join our organisation. Cornastone is a recognised leader in its field, has an extremely strong management team and a skilled employee base.

Lufuno has an impeccable reputation in the ICT market and the use of his skills in his social entrepreneurship endeavours are admirable.

The Cornastone basket of offerings enhances EOH’s existing service offerings and improves EOH’s capability in the market place”, says Asher Bohbot, Group CEO of EOH.

“The cultural fit, shared value systems and entrepreneurial spirit made EOH a natural home for our business and people,” says Nevhutalu.

“Joining the broader EOH platform enables Cornastone to reach many more customers, expand geographically and enhance its delivery capacity. The partnership creates new opportunities for professional growth for our staff, and as an executive team, we are all fired up to unlock the synergies between the businesses,” concludes Nevhutalu.