Zensar, Kapela Holdings and The Tomorrow Trust join hands in South Africa

Zensar, Kapela Holdings and The Tomorrow Trust join hands in South Africa. The new Company aims for multi-segment leadership by 2017

Pune, India, September 11, 2013: Zensar Technologies Ltd has announced today that an agreement has been reached with a majority black owned investment business Kapela Fund 1 (Kapela) and The Tomorrow Trust to set up a new Broad Based Black Economic Empowerment company in South Africa wherein Zensar will be the majority shareholder of the Company expanding Zensar’s presence in South Africa with services in many areas to new customer segments.

Dr Ganesh Natarajan, Vice-Chairman and CEO of Zensar Technologies, says: “This new Company reiterates our commitment to South Africa and its transformational agenda will help consolidate our leadership in the region. We have had an extraordinarily successful decade of operations in South Africa and established leadership in providing technology solutions to the Banking, Insurance, Retail, Manufacturing and Mining sector. This venture will help us expand our footprint into Government contracts and also enhance our standing in the Broad Based Black Economic Empowerment (BBBEE) code of the Government.”

“We see this country as a potential centre for research, education and software development, and plan to invest significantly in developing global delivery capabilities here. This will be an important hub of development activities for all our new markets in the coming years,” said Natarajan.

Zensar operates in the US, Europe, Africa, Middle East, Singapore and Australia regions and has delivery centres in India (Pune, Hyderabad and Bangalore) China, Japan, UK, Armsterdam and US (Westborough).

Speaking to the Press, Israel Skosana, Executive Chairman of Kapela Holdings said, “We are delighted to partner with one of India’s IT leaders to establish a trail blazing venture in our country. Zensar has established an excellent reputation in the South African corporate sector and we will work jointly for both Public and Private Sector projects.”

The Board of the Company will have representation from Zensar, Kapela and The Tomorrow Trust.