--- title: iOCO snaps up ERP firm as acquisition machine cranks up description: JSE-listed South African IT group iOCO has agreed to acquire Astraia Technology, a cloud ERP and financial software integration specialist, marking its second... canonical: https://daily.dev/posts/ioco-snaps-up-erp-firm-as-acquisition-machine-cranks-up-h9cayrxne twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: iOCO snaps up ERP firm as acquisition machine cranks up | daily.dev og:description: JSE-listed South African IT group iOCO has agreed to acquire Astraia Technology, a cloud ERP and financial software integration specialist, marking its second... og:url: https://daily.dev/posts/ioco-snaps-up-erp-firm-as-acquisition-machine-cranks-up-h9cayrxne og:image: https://api.daily.dev/og/posts/h9cayrxNE.png og:image:alt: iOCO snaps up ERP firm as acquisition machine cranks up og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # iOCO snaps up ERP firm as acquisition machine cranks up **[TechCentral](https://daily.dev/sources/techcentral)** · 3 min read · 0 upvotes · 0 comments ## Summary JSE-listed South African IT group iOCO has agreed to acquire Astraia Technology, a cloud ERP and financial software integration specialist, marking its second acquisition in four months. The deal follows the R52-million MySky Group purchase in March and is part of CEO Rhys Summerton's stated strategy to return iOCO to 'serial acquirer' status. No purchase price was disclosed as the deal falls below JSE categorisation thresholds, but a performance-based earn-out is tied to 18-month growth targets. Summerton's capital allocation framework targets splitting free cash flow above R400-million/year between share buybacks and acquisitions, aiming to add ~R50-million in annual Ebitda through deals priced at four to five times earnings. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [iOCO’s extraordinary comeback plan](https://daily.dev/posts/ioco-s-extraordinary-comeback-plan-pbpmbdxvl) · TechCentral · 0 upvotes · 0 comments - [iOCO is mulling acquisitions as its turnaround bears fruit](https://daily.dev/posts/ioco-is-mulling-acquisitions-as-its-turnaround-bears-fruit-hwfcmnjnw) · TechCentral · 0 upvotes · 0 comments - [iOCO profit jumps 39% as operating cash flow falls 44%](https://daily.dev/posts/ioco-profit-jumps-39-as-operating-cash-flow-falls-44--dwqfu2t2h) · TechCentral · 0 upvotes · 0 comments - [Cognizant buys Astreya for $600m in its fourth major acquisition](https://daily.dev/posts/cognizant-buys-astreya-for-600m-in-its-fourth-major-acquisition-ultaxlduh) · The Next Web · 0 upvotes · 0 comments - [iOCO expects up to 58% jump in interim earnings](https://daily.dev/posts/ioco-expects-up-to-58-jump-in-interim-earnings-6t3f7xz4t) · TechCentral · 0 upvotes · 0 comments --- Tags: [#business](https://daily.dev/tags/business), [#erp](https://daily.dev/tags/erp) [View this post on daily.dev](https://daily.dev/posts/ioco-snaps-up-erp-firm-as-acquisition-machine-cranks-up-h9cayrxne) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"iOCO snaps up ERP firm as acquisition machine cranks up","url":"https://daily.dev/posts/ioco-snaps-up-erp-firm-as-acquisition-machine-cranks-up-h9cayrxne","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/ioco-snaps-up-erp-firm-as-acquisition-machine-cranks-up-h9cayrxne"},"datePublished":"2026-07-17T11:48:22.321Z","dateModified":"2026-07-17T11:48:43.666Z","description":"JSE-listed South African IT group iOCO has agreed to acquire Astraia Technology, a cloud ERP and financial software integration specialist, marking its second...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/07686fbc1ebbdb83aa0d4ce80ba70ee0?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/07686fbc1ebbdb83aa0d4ce80ba70ee0?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"TechCentral","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"TechCentral","logo":"https://media.daily.dev/image/upload/s--RsqLDZrL--/f_auto/v1717745297/logos/techcentral","url":"https://daily.dev/sources/techcentral"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/ioco-snaps-up-erp-firm-as-acquisition-machine-cranks-up-h9cayrxne","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"business,erp","timeRequired":"PT3M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"TechCentral","item":"https://daily.dev/sources/techcentral"},{"@type":"ListItem","position":3,"name":"iOCO snaps up ERP firm as acquisition machine cranks up"}]} ```