Tarsus Technology Group lifts Cloud On Demand stake
Tarsus Technology Group has bought the 49% of Tarsus Cloud On Demand it did not already own as part of its strategy to be a leading player in the cloud computing and software-as-a-service markets. Tarsus Cloud On Demand is a leading cloud enablement partner to the South African ICT reseller channel and enterprise customers.
Following the transaction, Tarsus Cloud On Demand will benefit from the additional investment that it can use to grow its business, which focuses on delivering platforms, applications and solutions that help resellers, users and service providers embrace the cloud easily and in a cost effective manner. The company has especially aggressive plans to ramp its software subscriptions business in the months to come.
Tarsus Cloud On Demand provides a comprehensive infrastructure-as-a-service platform for delivering a range of IT services from the cloud. It enables partners to resell its pre-packaged solutions or build their own branded and customised solutions for their customers, without the need to make the significant investment in cloud infrastructure.
Says Jonathan Kropf, CEO of Tarsus Cloud On Demand: “Following Tarsus Technology Group’s acquisition of a majority stake in our business two years ago, it makes sense to become a 100%-owned subsidiary of the group. In addition to providing us with funding to grow our business and invest in our billing systems and data centre, this transaction is a great opportunity for us to align ourselves even more closely with the rest of the group.”
“The cloud provides the channel with the ability to create an incremental source of predictable and high margin revenue and offers us a tremendous growth opportunity as we continue to evolve from a traditional distributor into a solutions partner for South African IT resellers and systems integrators,” adds Miles Crisp, CEO of Tarsus Technology Group.
“For both Tarsus Technology Group and our resellers, this is an opportunity to provide the migration, support and integration services that the end-user will require as they transition towards the cloud. We can offer a complete set of solutions that enable the channel to help customers optimise their IT environments, whether they use cloud services, on-premises technology or a hybrid of the two.”