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Beget moves to AltX

Mobile communications technology software specialist, Beget Holdings, has transferred to AltX from the Venture Capital Market of the JSE.

Originally listed on the JSE on 9 December 2002, Beget specialises in the development and marketing of GSM communication technology software, applications and solutions. Beget’s proprietary software applications and solutions have positioned the company to captalise on the rapid growth of data transmission in the telecommunications market.

Beget is also involved in the GPRS (General Packet Radio Service) market in mobile communications development as well as biometric time and attendance and access control systems utilising the Web as the information delivery platform.

To complement and strengthen the company’s own locally developed product offerings, Beget, earlier this year, signed an agreement with French group Easydentics to market the Biovein identification system that uses groundbreaking fingervein recognition technology, developed by Hitachi.

André Potgieter, Beget CEO, says the transfer to AltX will enhance the group’s profile and allow Beget to explore potential acquisitions in accordance with the company’s growth strategy. “Beget’s recent return to profitability in conjunction with future prospects and an increase in share trading volumes, positions the company well for a transfer to the AltX board.”

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