iOCO Acquires Astraia Technologies in Second Strategic Move Since Turnaround
iOCO Limited has acquired Cape Town-based ERP specialist Astraia Technologies, marking its second acquisition since returning to profitability as part of its strategic growth revival.
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iOCO Limited has acquired Astraia Technologies Proprietary Limited, a Cape Town-based enterprise resource planning (ERP) solutions provider, as part of its ongoing turnaround and expansion strategy. The transaction marks the company’s second acquisition since returning to profitability, reinforcing its renewed focus on strategic growth and market repositioning.
According to ITWeb, the acquisition underscores iOCO’s momentum following its separation from EOH Holdings, where it previously operated as a business unit. The move positions iOCO to strengthen its ERP capabilities and expand its footprint in the African technology services market. Astraia Technologies brings specialized expertise in ERP implementation and support, particularly within mid-market and enterprise clients, which aligns with iOCO’s core service offerings.
The acquisition was confirmed in a corporate announcement reported by Moneyweb, which noted the transaction under the formal name 'IOCO LIMITED – Acquisition of Astraia Technologies Proprietary Limited'. While financial terms of the deal were not disclosed in either source, the timing indicates a deliberate capitalization on improved financial health. As ITWeb stated, this is iOCO’s second deal since returning to profitability, signaling confidence in its operational and financial recovery.
With Astraia now under its portfolio, iOCO aims to integrate the firm’s technical capabilities and client base to enhance its digital transformation services. The acquisition follows a broader strategy to consolidate expertise and scale delivery capacity across key verticals in Southern Africa. No integration timeline or leadership changes at Astraia were detailed in the source material.