iOCO has made its second acquisition in four months. (Graphic: Nicola Mawson | Official images) Having pivoted into profitability and resolved legacy issues stemming from its time as EOH, iOCO has announced its second acquisition in four months, buying South African enterprise resource planning (ERP) solutions provider Astraia Technologies. The deal follows iOCO’s purchase of…
iOCO CEO Rhys Summerton iOCO has struck its second acquisition in four months, agreeing to buy enterprise resource planning specialist Astraia Technology as CEO Rhys Summerton makes good on his promise to return the group to “serial acquirer” status. The JSE-listed technology group said on Friday it has entered into a binding agreement – signed…
Rhys Summerton, iOCO CEO. (Graphic by Nicola Mawson, with official collateral) JSE-listed iOCO this morning reported profit of R180 million, an increase of 45.6%, from revenue of R2.8 billion in the first half, as its three-step strategy starts to bear fruit. As part of this strategy, iOCO made its first acquisition in eight years, says…
JSE-listed technology services group iOCO has scrapped its work-from-home policy entirely, requiring all employees to return to the office full time — and it says the move has delivered a measurable improvement in productivity, fewer errors and happier customers. The decision, disclosed by CEO Rhys Summerton during the group’s interim results presentation on Wednesday, places…
iOCO CEO Rhys Summerton JSE-listed technology group iOCO has set its sights on becoming a “serial acquirer”, with CEO Rhys Summerton telling investors on Wednesday that the company had evaluated more than 10 acquisition targets — ranging from R50-million to R700-million in equity value — and has a pipeline of further deals to pursue. Speaking…
JSE-listed IT services group iOCO expects to report a further improvement in earnings for the six months to end-January 2026, further putting its historical debt and governance challenges behind it. It said on Tuesday in a trading update that earnings per share and headline earnings are both expected to be between 27c cents and 30c/share….
Dennis Venter has resigned as co-CEO of iOCO. Dennis Venter has resigned as co-CEO and member of the board of directors of iOCO, with immediate effect. The JSE-listed iOCO, formerly known as EOH, made the announcement yesterday, saying Venter has decided to pursue his other business interests. “The company extends its sincere appreciation to Dennis…
Dennis Venter Dennis Venter has resigned as co-CEO and board member of JSE-listed IT services group iOCO with immediate effect. In a statement to shareholders after markets closed in Johannesburg on Wednesday, iOCO said Venter has decided to pursue his other business interests. The company thanked him for his leadership and contribution during his tenure….
iOCO co-CEO Rhys Summerton. (Photograph supplied) JSE-listed technology services company iOCO, formerly known as EOH, is forging ahead with its share buyback scheme. On Friday, iOCO announced it has repurchased an additional 2 183 365 shares under its ongoing share buyback programme. The shares were bought back between 2 January and 29 January, at prices…
JSE-listed IT services group iOCO has repurchased a further 2.18 million of its own shares, continuing a buyback programme launched last year. In a voluntary statement published on Friday, iOCO — previously EOH Holdings — said the shares were bought between 2 and 29 January 2026 at prices ranging from R4.31 to R4.65, for a…
