[South Africa] AYO Technology Solutions lists on Johannesburg Stock Exchange
Ayo Technology Solutions has listed on Software and Computer Services sector of the Johannesburg Stock Exchange Main board. AYO Technology is the 21st company to list on the JSE this year.
Donna Nemer, Director: Capital Markets at the JSE, says the JSE is proud to provide a platform for AYO Technology to raise the capital it needs to fund its further expansion. "The fourth industrial revolution is gathering pace and creating new opportunities for companies able to harness the power of technology to gather and share data in new ways. These opportunities do not only represent potential growth in the information and communication technology (ICT) sector, but throughout the economy. Innovation in the ICT sector can continue to make enormous contributions to the growth of other industries."
AYO Technology is a broad based black economic empowerment ICT group offering numerous end to end solutions to a host of industries, such as health care. The group's product and service offerings include business process management, big data analytics, data security, software development, Internet of things solutions and cloud services.
Kevin Hardy, newly appointed Chief Executive Officer of AYO Technology, says AYO intends to partner with its clients to enable and transform their business models, positioning their businesses for success in the digital economy. " It is an exciting time for technology and for AYO in particular as we have the opportunity to forge a new path for South African technology companies into Africa and beyond. With AYO Technology, we have built a very clear proposition that, while servicing the needs of people today, has the proven ability to innovate and deliver on what the future will determine."
AYO Technology is the 12th Software and Computer Services company to list on the JSE. This sector has a total market capitalisation of almost R28 billion. It constitutes 0.2% of the JSE's total market capitalisation of R15.3 trillion.