Magmatec started and took on the support of the legacy Southern Life Employee Benefits systems on behalf of Momentum as their first contract.
Saratoga was founded as an IT services company by the management consortium behind Plessey Corporation, a listed electronics and telecommunications company that was sold two years prior to Dimension Data.
EXPANSION & MERGER
Saratoga expanded into the USA and simultaneously merged with a startup founded by three postgrad friends from the University of Cape Town; Mark Gebhardt, Anthony Robinson and Jasper Horrell.
Saratoga in South Africa grew organically, specialising in software development, business analysis and project management, and became a trusted delivery partner to financial services, retail and other companies in Cape Town, Johannesburg, the USA and the United Kingdom.
Saratoga continued to grow and diversify through acquisitions. Notable subsidiaries included Digital Matter, World Wide Creative, and Afrozaar.
Magmatec opened an office in Johannesburg.
BIRTH OF ALACRITY
Magmatec merged with Comprehend IT, forming an organisation of over 100 people and was renamed as Alacrity Technologies.
Saratoga established a reputation for delivery of innovative software solutions with two of South Africa’s largest Life Insurance companies.
Alacrity completed the legacy Southern Life Employee Benefits systems thereby successfully concluding Alacrity's first contract. By this time, Alacrity had grown to over 120 people and was providing services to most of the major insurance organisations in South Africa.
CAPITAL EYE GROUP
Alacrity was purchased by Argility and the Capital Eye Group.
SARATOGA / ALACRITY MERGER
The South African operating business of Saratoga was acquired by Crossfin Technologies and merged with Alacrity Technologies to provide larger scale and an improved offering to clients, positioning the new combined business as a solution delivery partner of choice.
The new combined business now trades as Saratoga Software.
EXECUTIVE MAJORITY SHAREHOLDERS
Executive management purchases majority stake of Saratoga, positioning us for swift decision-making and focusing on the strategic direction that is best for Saratoga.