NASDAQ-listed company acquires South Africa's Magix integration

February 2011 News

NASDAQ-listed Magic Software Enterprises (MSE) is establishing an African presence and has signed a purchase agreement with its South African distributor, Magix Integration. The deal, effective 1 January, will see Magix Integration, which was bought out of the MGX group in 2003, split into two companies, Magix Integration and Magix Security.

MSE will initially acquire 51% of the new Magix Integration with an option to increase its holdings to 75% over the next year, depending on the company meeting specific profit and revenue goals. The Magix Integration business will promote, distribute and support MSE’s products and will continue to focus on providing integration and bespoke software solutions and services for its clients.

Magix Security will incorporate the IT security and insider threat products and services Magix has introduced to the market over the past seven years. It will operate as an independent business with no changes to the existing structure.

“This investment is a strong vote of confidence in the business we have built over the last seven years and we are proud to be part of a NASDAQ-listed global technology company,” says Chris Hills, director and co-founder of Magix Integration. “It is also a vote of confidence in the growth prospects for our region and we intend to use this partnership to provide added value to our customers and partners through the exciting technology enhancements MSE brings to market. MSE has also stated its intent to make acquisitions in our region and we will be actively involved in finding suitable acquisition targets.”

Guy Bernstein, acting CEO of MSE, says, “I am very pleased with the new acquisition, which expands our global operations to include South Africa, adding to our 13 existing offices worldwide. We expect this addition to positively contribute to our growth plans and further strengthen our presence in this region.”

Hills adds, “I believe this represents a great opportunity for all concerned. The strong base we have developed over the past seven years in the region will serve as a solid foundation for further growth in southern Africa.”

For more information contact Magix Integration, +27 (0)11 258 4442,

Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

TAPA: The role of an effective treasury function in business risk management
June 2019, Technews Publishing , News
Neil Le Roux, the Founder of Diligent Advisors will speak at the TAPA SA (Transported Asset Protection Association) annual conference on 26 July 2019.

From the Editor's desk: No really, take it seriously
July 2019, Technews Publishing , News
Cybersecurity is a topic that has been done to death in the media. The blanket coverage has been so great that people, even the few that realised the danger, have started to gloss over the issue, barely ...

AI to grow in MEA
July 2019 , News
Annual spending on artificial intelligence in the Middle East and Africa to top $530 million by 2022.

Ingo Mutinelli moves to IDEMIA
July 2019, Technews Publishing, IDEMIA , Editor's Choice, News
IDEMIA, the security and identity management company has announced that Ingo Mutinelli will be taking on the post of regional sales director for the southern Africa region.

TAPA EMEA appoints Thorsten Neumann as president and CEO
July 2019, TAPA (Transported Asset Protection Association) , News, Asset Management, EAS, RFID
The Transported Asset Protection Association (TAPA) has appointed Thorsten Neumann as its first full-time president & CEO.

Transom Capital Group Acquires Pelco
July 2019 , News, CCTV, Surveillance & Remote Monitoring
Transom Capital Group (Transom), an operations-focused middle market private equity firm, announced it has acquired Pelco from Schneider Electric.

Residential Estate Security Conference 2019: Integrating man and machine for effective security and operations
July 2019, Technews Publishing , Editor's Choice, News, Residential Estate (Industry), Conferences & Events
The Residential Estate Security Conference 2019 will delve into how estates and their service providers can better integrate man and machine for more effective security and operations.

Milestone appoints new VP for research and development
July 2019, Milestone Systems , Editor's Choice, CCTV, Surveillance & Remote Monitoring, News
Milestone Systems has appointed Tom Bjerre as its new VP for research and development. He will oversee planning, development, testing and release of Milestone Systems’ video management software.

Child fingerprint identification solution
July 2019 , News, Access Control & Identity Management
Gavi, NEC, and Simprints to deploy world’s first scalable child fingerprint identification solution to boost immunisation in developing countries.

Johnson Controls launches Technology Contracting in Africa
July 2019, Johnson Controls , Editor's Choice, News, Security Services & Risk Management
To address the growing challenge of planning, integrating and maintaining a multitude of different, highly connected systems, Johnson Controls is launching Technology Contracting in Africa.