Capital Eye exits South African software company to Smollan Group

Smollan Group – an intelligent commerce solutions business – has acquired Argility Technology Group (ATG) from Capital Eye Investments, a private equity and venture capital company that invests in technology driven businesses with a particular focus on emerging markets.

ATG is a software developer and supplier to the retail and supply chain sectors.

James Collett, Smollan chief data officer, emphasises the importance of the strategic acquisition: “ATG joining the Smollan Group is a significant step forward in our strategy to expand our technology and data offering within retail and supply chain. We are extremely excited about the synergies which exist between the businesses, and as a leading global commerce solution company, we will be looking to grow the ATG footprint internationally.”

The Smollan acquisition of ATG has been ratified by all regulatory bodies and is effective immediately.

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