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Business Connexion sells Q LINK for R187.5m

Business Connexion has sold its interest in the Q LINK business to Summit Garnishee Solutions for R187.5m in cash.

The effective date of the disposal is 1 September‚ Business Connexion said on Thursday (5 September).

Q LINK provides a one-stop collections platform to overcome the complexity of disparate interfaces to a variety of collection channels‚ including bank debits and payroll deductions.

Business Connexion said Q LINK had grown to the extent that its future vision and strategy required greater alignment with the financial services sector.

As a result‚ Q LINK no longer formed part of the core business of Business Connexion and the board decided to sell it.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za
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