Dialogue Group to acquire majority holding in Continuity SA

Call centre operator Dialogue Group has announced that is to acquire 51 percent of the shares of South Africa based business continuity specialist Continuity SA for R41m.

Dialogue states that it expects the deal to enable it to gain a greater share of the global outsourcing market by boosting the company’s call centre capacity and enabling it to offer enhanced business continuity services.

R33m will be paid initially, with a further R8m payable at a future date providing performance targets are met.

Continuity SA’s staff will retain 49 percent of the company, but will be able to sell further shares to Dialogue in the future.

Sources: I-Net Bridge, Business Day.

•Date: 3rd August 2007• Region: Africa •Type: Article •Topic: BC markets
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