iqbusiness has acquired Silversoft for an undisclosed amount. This corporate acquisition sees iqbusiness, a prominent South African management and technology consulting firm, expand its capabilities by integrating Silversoft's specialized software solutions.
Silversoft provides industry-leading software to people and project-centric firms globally, with offices in the United Kingdom and South Africa. The company supports over 30,000 users across leading firms in Advertising, Architecture and Engineering, Consulting, Audit & Accounting, and Legal sectors. Silversoft's software delivers best-of-suite features designed to attract and retain talent, win new business, deliver excellent projects, drive productivity, and provide critical insights. An award-winning Deltek Premium Partner for seven consecutive years, Silversoft also includes Magnetic Software as a subsidiary and holds a Level 2 BBBEE contributor status in South Africa.
The acquisition is a strategic move for iqbusiness, enabling it to broaden its service offering beyond traditional consulting into integrated technology solutions. By combining iqbusiness's deep consulting expertise with Silversoft's robust software platforms, the combined entity aims to offer a more comprehensive value proposition to clients. This synergy is expected to provide businesses with end-to-end solutions, from strategic advisory to operational execution and technology implementation, supporting the entire project and services lifecycle.
This integration is set to enhance market penetration and leverage Silversoft's established global client base and specialized product suite. The combined entity is poised to deliver enhanced value to clients seeking to optimize their operations, drive growth, and improve profitability in the project and services sector. The strategic alignment aims to foster innovation and provide holistic solutions for business transformation, ensuring clients can reimagine their work and achieve greater success.