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Merger Announcement: Thought Advisory Joins bancon Group
August 1st, 2022
Johannesburg, South Africa
Thought Advisory & bancon Group
Key Details
- Parties Involved: Thought Advisory and bancon Group
- Founders: Walter Norris and Theunis Greeff (Thought Advisory, founded 2018)
- Notable Clients: Standard Bank, Discovery Health, and Discovery Bank
Highlights
- Thought Advisory merges with bancon to strengthen market position
- Enhances bancon's position as SAP Financial Services specialists in Southern Africa
- Creates a more robust service offering for mid-market and large financial institutions
Key Quotes
“This is an exciting day in bancon's history.”
— Jörg Mauelshagen (Co-Founder)
“The market has been missing a niche specialist partner that had access to local expertise at scale.”
— Theunis Greeff
Strategic Objectives
- Increase footprint in Southern Africa
- Focus on SAP Core Banking, Payments, S/4HANA Loans Management, and S/4HANA Finance
- Create a more robust service offering for mid-market and large financial institutions
Additional Information
- bancon will re-headquarter in Sandton, Johannesburg
- Thought Advisory New Zealand remains a separate entity, set to join bancon Group later
- This merger strengthens the company's ability to serve financial services clients across the region