Ulwembu Business Services acquires stake in JumpCO Consulting

Gauteng-based management consultancy and IT services firm Ulwembu Business Services has acquired a stake in software development firm JumpCO Consulting.  Under the partnership, Ulwembu will stand to gain from JumpCO’s certifications, while JumpCO will benefit from Ulwembu’s vast pool of clients.

Ulwembu is a black-owned firm with a strong reputation across the South African market, which is set to be boosted. Alongside general business advisory services, the firm specialises in the information communications technology (ICT) domain, offering a broad suite of ICT related services.

Some of these include support with ICT infrastructure, systems integration & automation, enterprise programme management and organisational design. The firm has built a strong client base since its establishment more than a decade ago, and has been particularly well situated in recent years.

The firm operates on the ethos of using technology as a driver of transformation – an ethos that has rapidly gained momentum across South Africa in recent years. Businesses in the country are looking to digitalise and are turning to firms such as Ulwembu to support with the process.

Having acquired a stake in JumpCO Consulting, Ulwembu will now benefit from the former’s position as a Gold IBM Partner and a Premier Red Hat Business Partner and Solution Provider. JumpCO is also based in Gauteng, and has a long history of providing software solutions to firms across the globe.

JumpCO was established in 2000, building on expertise in investment banking software and consultancy services firm companies in the US and Europe in addition to South Africa. The firm’s specialties include support with Java Enterprise, API management, Android, MicroServices and digital transformations. Both firms have significant overlap in their expertise, and will form a strong partnership to help drive digital transformation in South Africa.

“The acquisition represents a meeting of the minds with an innovative and exciting leadership whose forward-thinking vision mirrors our own. We have been in discussion for 18 months and reached the basic terms quickly, which is often a healthy indicator of a synergistic partnership. This time was used getting to know each other and working on early joint opportunities. We share the core values of excellence in delivery, innovative research and development, and a deep commitment to youth and community empowerment in South Africa,” commented Stephen Mahony, CEO at JumpCO.

Managing Director at Ulwembu Sibusiso Kunene added, “umpCO’s excellent IBM capabilities were of particular interest to us, as they make for a good fit with Ulwembu’s ongoing transformation as a fully-fledged systems integrator, providing an end-to-end offering to clients. JumpCO brings with it a wealth of meaningful expertise to the Ulwembu group.”