EY has acquired IZAZI Solutions, a technology enabled business solutions, thus accelerating the growth and development of its advisory and consulting capabilities.

Jay Pather, CEO of IZAZI Solutions, said: “We are excited about this opportunity to join forces with EY.
EY’s strong Africa footprint and Global network provides tremendous opportunities for the people of IZAZI to replicate their success in South Africa and in other markets of the world.”

“We share a common identity with EY in our people focus and our commitment to make a difference to our clients. With EY, we plan to bring a number of exciting new solutions to the market in coming months,” he said.

Founded in 1999, IZAZI specialises in the implementation of software solutions for financial services institutions.

IZAZI Solutions employs in excess of 200 people and has offices in South Africa, Australia, Canada and New Zealand.

They join EY’s 45,000 Advisory consultants globally and will play a leading role in delivering IT products and solutions to business and government across Africa.

In addition to their strong broad-based IT solutions (including SAP implementations and treasury systems), IZAZI has been recognised by SAP as a leader in the area of Core Banking.

The transaction comes on the back of EY being recognised as the SAP Systems Integration Partner of the year 2014.

Ajen Sita, CEO for EY Africa, said: “I have been impressed with the people, solutions and clients of IZAZI. Their unique skills, dynamic leadership and strong teams fit perfectly with the EY culture.”

“In addition, the combination of EY’s consulting capability and Africa footprint with IZAZI’s depth in IT solutions and systems integration is very exciting. This will enable us to bring to market and offer our clients a compelling and powerful value proposition. We’re excited at the impact we will have in helping our clients solve their most complex technology and data issues,” he said.

The transaction has received the unconditional approval of the Competition Commission and, subject to the fulfilment of certain conditions, will be effective from September 1, 2015.

In the last three years EY has completed four acquisitions with the Oracle Advisory business, 8th Man Consulting, being the most recent acquisition in July 2014.