iLAB acquires remaining 50% and boosts BEE rating to level three

The two companies joined forces in early 2010, when they jointly set up iLAB LLC in Indiana, US.

WDD initially recognised that software development and software testing were almost identical disciplines, and established Mobius Labs to provide technology-focused services in the software quality assurance arena. WDD lacked IP and expertise, and as a result a relationship with iLAB was formed by creating a new company, iLAB LLC, and rolling the Mobius Labs entity into the new company.

However, iLAB felt they needed more independence, and it was decided to acquire the outstanding 50 percent of the company from WDD. This deal follows hot on the heels of iLAB's acquisition of Test and Data Services (TDS) in March this year.

BEE rating up

"Black economic empowerment is something real at iLAB. BEE is not about window dressing; it's about empowering others through these important initiatives and adding true value to our business. It is through BEE and other actions that we are able to truly build a stronger South Africa", said iLAB director, Jethro Lloyd.

For customers, the new rating means that they can improve their own BEE rating by doing business with iLAB - a company that is committed to the principles of broad-based black economic empowerment. "We are constantly looking at ways of improving our rating", added Lloyd, continuing: "Our newest rating is a true reflection of our ongoing commitment to sustainable empowerment across all the elements of the BEE rating system - including management, transformation, preferential procurement, CSI and skills development".