2000- 2002
- USKO is re-branded as Bytes Technology Group
Limited (Bytes) and the IT interests of Fintech
are purchased by BTG to consolidate
the group’s IT under Bytes.
- Bytes evolves from merger of the businesses
of USKO and Fintech
- Shares consolidated on 30:1 basis
- Substantial restructuring and re-focusing initiated
- Bytes Healthcare Solutions (BHS) formed by merging
Mediswitch and QEDI
- Minority interests acquired in Uskotec (Bytes
Software) and Alcatel Business Systems
(Bytes Communication Systems)
- First IT company for many years to pay cash
dividend (12c per share).
2002 – 2003
- Core earnings improve 33%
- All operations move to profitability
- Dividend – 16c per share
- Xerox operation becomes 100% owned after acquisition
of Xerox Limited’s 50% plus 1 share
- Acquisition of Plato in the United Kingdom
2003 - 2004
- Bytes sell 27% of its Bytes South African operations
to Kagiso in a BEE deal
- Bytes purchases CS Holdings as well as 50% of
Xerox SA from Xerox International to move to 100%
ownership and re-brands Xerox
SA as Bytes Document Solutions
- Xerox exclusive distribution agreement renewed
for further 10 years
- Xerox distribution rights increased to 22 African
countries
- Operating margin improved to 7.1% from 5.5%
- Acquired storage business – Optitek
- Dividend – 22c per share
2004 – 2005
- Kagiso introduced as 27% BEE partner in South
African operations Acquisition of 100% of the CSH
group of operations
- Staff complement grows to over 3500
- Market recognition reflected in share price
– up 31%
- Dividend – 32c per share
2005 – 2006
- Re-invested in asset financing business (TAR)
- Acquisition of remaining 61%
- Operating margin reaches 8%
- Ranked 10th overall in Financial Mail Top 200
Companies Empowerment Survey
- Share price appreciates further by over 57%
- Dividend – 45c per share.
2006 – 2007
- Revenue exceeds R4b for the first time
- Ranked 1st in ICT Sector in Financial Mail Top
200 Companies Empowerment Survey (8th overall on
JSE)
- UK operations expanded through acquisition of
2 Xerox concessionaires, Xclusive Solutions and
Vantage Business Systems
- Various “bolt on” acquisitions made locally
- Decision taken to dispose of Plato operation
in UK
- Dividend – 56c per share.
2008
- The acquisition by Altron of the minority shareholders
in Bytes Technology Group Limited for R1.4 billion.
Byte was de- listed from the JSE
Limited.
- The acquisition by Bytes of Intelleca.
- The acquisition by Bytes of Nor Paper
2009
- Bytes Document Solutions announced “Partner
of the Year” and wins “Productivity Through Partnerships”
award at the XEROX Middle
East and Africa Operations Conference held in Dubai
- Bytes Document Solutions upgrades its support
structure and presence in Zimbabwe by appointing
Document Support Centre as its
exclusive distributor in our neighbouring country.
- Bytes Connect Services has clinched a three-year
R100 million contract to manage and operate Neotel’s
customer care contact centre.
- Bytes Systems Integration awarded the 2009 South
African Manufacturing Execution Systems (MES) Competitive
Strategy award by Frost & Sullivan,
an international consulting and research company.
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