Fintech group Capital Appreciation has concluded agreements to acquire Dariel Solutions, the holding company of Dariel Software for a total consideration of R131.2 million.
Founded in 2001, Dariel is a South African IT software services provider involved in providing software, consulting, development, implementation, and integration services, as well as maintenance and support, to enterprises in the healthcare, telecommunications, hospitality, mining and manufacturing sectors, with a particular focus and expertise in the financial services, insurance and fintech sectors.
The company also provides cloud services, enabling customers to innovate and test new platforms on the cloud across the major cloud platforms including Microsoft Azure, AWS and Google Cloud. “We have experienced significant growth in our businesses due to accelerating digital transformation and the robust demand for cloud services, online applications, data intelligence, electronic payments and other innovative software solutions. Dariel participates in many of these compelling areas of activity. In addition to its own growth prospects, we also see significant synergistic opportunities with our existing businesses.