South African telecom and technical firm FoneWorx has purchased a 44 per cent stake in market research company Living Facts for an undisclosed amount.
“Whilst continuing to grow its own client base, Living Facts will contribute tremendous value to the FoneWorx Knowledge 350 degrees consultancy by assisting clients in better understanding customer needs, perceptions and realities. FoneWorx will in addition provide technical and mobile services to Living Facts thereby creating a symbiotic relationship,” the company said to shareholders.
According to FoneWorx, Living Facts has a broad range of blue chip clients in as well as well-known international brands.
“This footprint bodes well for FoneWorx, to introduce Knowledge 350 degrees as well as its existing well established range of technical services to these clients.”
FoneWorx said it would continue to seek other possible acquisitions to accumulate relevant skills.
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