Alviva group CEO Pierre Spies said sticking to their strategy, which was first implemented four years ago, helped the company achieve its impressive performance over the last two years.
Spies has been leading Alviva Holdings since January 2016 and oversees many of South Africa’s top tech companies, including Axis, Pinnacle, Tarsus, and Datacentrix.It was all going as planned until the lockdown hit. Alviva’s stock price plummeted to R4.50 per share as the company faced an uncertain future.
Alviva bounced back strongly, with its share price increasing by over 300% over the following two years.“We implemented our strategy approximately four years ago, and we did not waver from it throughout the pandemic,” he said. “We are also very blessed and in a fortunate industry. There has been increased demand for our work from home technologies,” he added.
While many companies just tried to survive during the lockdown, Alviva remained industrious and acquired Tarsus in November 2020 for R185.4 million.Commenting on his tenure as Alviva CEO, Spies said building a sustainable company that will last for generations to come stands out as his proudest moment as CEO.Spies is upbeat about the future and that they will continue to build a sustainable, well-diversified IT business with strong future growth.