Goodluck Madisa, HSRC, Head of System Development

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ITWeb : RDB Consulting buys back shares from Webcom – returns to 100% shareholding

Press Release: RDB Consulting buys back shares from Webcom – returns to 100% shareholding
30 January 2012

RDB Consulting, an ICT outsource and consulting company has recently reacquired full control of the organisation by completing a transaction to purchase their outstanding shares from The Webcom Group. The Group had acquired a 50% stake in RDB Consulting when founder and current CEO Jaroslav Cerny sold half of the private company’s shares in 2009.

The buyback will enable the company to develop a sharper emphasis on its core business, as RDB Consulting now represents 100% of its own interests once more, enabling the organisation to maintain its high service levels to customers through improved business operations and focus.

In addition, the transaction will allow RDB Consulting to implement a performance bonus scheme for all employees – across the board. By providing an incentive that is directly linked to the health of the company, performance of individual employees and customer satisfaction, employees will become more acutely aware of the importance of maintaining RDB Consulting’s high service levels.

Says Jaroslav Cerny, CEO at RDB Consulting, “We experienced significant growth over the last year and motivating our employees with performance bonuses will allow us to maintain our high service delivery standards.”

“Having not just weathered the economic recession but also growing through it, we took the decision to invest back into our business, using our excess capital to repurchase company stock. Regaining full control of our business once more not only shows our confidence in our ability to further grow and serve our market, it will also allow us to reinforce our areas of core business,” says Cerny. “Our positive cash reserve stood us in good stead with the acquisition of our outstanding shares. We are looking forward to the growth and change this move will gear us for in 2012,” he concludes.

About RDB Consulting

Established in 1995, RDB Consulting is an outsource and consulting company that specialises in four areas: Relational databases, Operating Systems, Monitoring and Enterprise Resource Planning. The organisation also offers project management, solutions architecture, on-going maintenance and support. Our services are designed to provide businesses access to expert technical resources whether full time, part time, co-managed or via remote administration. This allows companies to focus on their ‘core’ business and leave their ICT issues to the experts.

For more information, contact:

Jennifer Mbesa

RDB Consulting

Tel: 011-8077663