Zensar Technologies to set up Economic Empowerment company in South Africa

12 Sep 2013

Zensar Technologies has entered into an agreement with Kapela Fund 1 (Kapela) and The Tomorrow Trust to set up a new Broad Based Black Economic Empowerment company in South Africa wherein Zensar will be the majority shareholder of the company expanding Zensar’s presence in South Africa with services in many areas to new customer segments. The South Africa program is part of Zensar’s Centre of Excellence (COE) initiatives around the world focused on training local students to join the workforce.

Kapela is a majority black owned business comprised of professionals aimed at creating value through active involvement in its investees. Kapela Holdings is defined as a Black Equity Fund Manager - provide 100% black ownership for the purposes of B-BBEE under ownership, voting and economic interest elements.

Tomorrow Trust provides a complete support program that enables South Africa’s orphan and vulnerable children, who are in need of academic and psychosocial support to overcome shortfalls in the public education system, to reach self-sustainability.

Zensar Technologies is among the top 20 software services providers from India. Zensar is the world's first enterprise-wide SEI CMM Level 5 Company and was also later certified as a CMMI Level 5 Company with industry expertise that spans Retail, Manufacturing, Banking, Insurance, Utilities, Healthcare and Life Sciences.

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