Investment creates new company
- 23 March, 2004 15:09
JOHANNESBURG (03/23/2004) - Lava Systems, affinity partner of Canadian-based Open Text Corp., has announced that Tshimong Investment Holdings, a wholly owned Black company, has invested with it to create Lava Systems Africa.
Tshimong Investment Holdings, it says, is a group of black professionals who recognize the need to combine their collective experience, to address transformation requirements, whilst still creating value.
"We will be providing some of the operational leadership in this new venture," comments Mokati Ramphele, director of Tshimong Investment Holdings.
Marco Palatini, Open Text's executive director of business development adds, "Open Text is fully committed to the African market. We are delighted to see the fusion between the Livelink skills of the Lava Systems team, and the empowerment and operational management capabilities of Tshimong Investment Holdings."