Ovation Solutions Proprietary Limited
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Ovation Solutions Proprietary Limited - overview
Established
2019
Location
Sandton, -, South Africa
Primary Industry
Software
About
Based in Sandton, South Africa, and founded in 2019, Ovation Solutions Proprietary Limited operates as an employee benefits management company. In November 2023, Alula Technologies Group, a portfolio company of ROX Equity Partners Limited, acquired Ovation Solutions Proprietary Limited. As of 2023, the company is led by its CEO, Calvin Mayo. Ovation Solutions offers a cloud-based employee benefits management platform that helps organizations streamline their benefits administration and empower their employees to make informed decisions about their benefits.
These benefits include health coverage, pensions, life insurance, disability insurance, etc. The platform integrates with various payroll and provider services. Following the November 2023 acquisition, the company plans to achieve its goals of empowering staff members, encouraging improved skills, and fostering strategic internal growth.
Current Investors
Alula Technologies Group
Primary Industry
Software
Sub Industries
Human Resources Services, Application Integration Software, HR & Workforce Software
Website
https://ovation.solutions/
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Ovation Solutions Proprietary Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Ovation Solutions Proprietary Limited | - |
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Ovation Solutions Proprietary Limited - employee data
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