Bytes Technology Group

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Bytes Technology Group . JSE: BYI

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Background of Bytes Technology Group

  • Bytes Technology Group is a leading IT company and a principal subordinate of the Johannesburg Stock Exchange listed, Altron Group.

  • The company operates primarily within South Africa, but also has operations in several other African countries and the United Kingdom.

  • Allied Technologies Limited (Altech), together with Bytes Technology Group form part of Altron TMT, the Telecommunications, Multi-media and Information Technology (TMT) organisation of Altron, the parent holding company.

  • The rationale for the creation of the new division was based on a need to integrate the Altech and Bytes businesses through an alignment of assets, the removal of duplicated costs through a shared service model and to have a more focused approach to customers in order to take advantage of both cross and up selling opportunities.

  • Altron TMT is a high-technology Telecommunications, Multi-media and Information Technology (TMT) solutions group focused on providing value-added products, services and solutions through the convergence of TMT, driven by market demand.

  • As a part of Altron TMT, Bytes Technology Group offers a selection of services that support Information Technology in a wide range of different industries.

Bytes Technology Group Shares Growth Driver

  • With a 30-year track record, Bytes is one of the leading providers of software, security and cloud services. The company enables effective and cost-efficient technology sourcing, adoption and management across software, security, hardware and cloud services. Bytes’ strong relationships with many of the world’s largest software companies enable its specialist staff to deliver the latest technology to a diverse and embedded customer base. This has resulted in the company’s long track record of strong financial performance.

  • Bytes Technology Group (BTG) seeks to achieve consistent profit growth over the medium-term while maintaining its focus on providing a high-quality service to customers and maintaining its positive and dynamic workplace culture.

    To this end, the company’s sales team is integral to growing and developing a loyal customer base. The company seeks to maintain this culture by focusing on developing the skills of new hires within the business, rather than hiring experienced sales staff from other VARs.

    The company further closely follows market trends and develops its solutions offering to meet the changing demands of customers. There is a large addressable market in the UK of more than 42,000 private companies with over 100 employees and an opportunity to develop further its public sector expertise.

  • As such, the company markets its products and services to new customers across a number of channels, focusing on product areas characterised by higher levels of customer spend.

    The market trend towards cloud based solutions, which involves customers purchasing a renewable licence to use a product, provides an opportunity to increase the proportion of gross profit derived from annuity-type revenue streams.

    The company’s strong relationships with customers provide us with a deep knowledge of organisations’ requirements and inform its approach in providing and recommending new products by vendor partners. Although the history of hardware has only accounted for a small proportion of the Group’s gross profit, it is considered to be an area of significant potential growth in the coming years.

  • Bytes has a dedicated team of software asset management consultants and developing this offering further is an important part of the Group’s growth strategy. The company’s proprietary Quantum tool plays an important role in its SAM offering, providing customers with the data to make informed future decisions in relation to their IT spend.

    The key to being able to continue to differentiate itself from competitors, is maintaining the level and quality of the customer service the company provides. One of the key components of Bytes’ customer service is the focus on technical expertise and ensuring that customers are given specialist guidance at the point of sale so that they can make informed choices in relation to their IT spend.

    The company has a history of carefully considered, successful acquisitions. In 2011 it bought Security Partnerships, a cyber-security specialist and more recently in 2017 acquired Phoenix Software, a leading IT infrastructure provider to the UK public sector. Both additions have continued to grow and add value in terms of expanding its customer base and increasing the services capability that the company offers.

  • With a growing technology market, there are continuous opportunities to selectively acquire attractive businesses that can bring a complementary service offering or allow Bytes to expand regionally across sectors and it will continue to monitor this space.

    In March 2025, following the board’s annual strategy review, Altron announced a potential demerger of Bytes UK.

    As part of its strategic review, the board assessed each of the business units within Altron, to identify opportunities which have the potential to unlock further value for shareholders. The board concluded that the true value of Bytes UK is not reflected in the company’s share price.

  • As such, Bytes has increasingly developed a growth trajectory and strategic levers that are different from the rest of the group and operates in a different geographical capital market with a highly rated peer group.

    Altron believes that the potential demerger will allow Bytes to pursue its own focused growth strategy and will ultimately unlock further value for shareholders.

    Following the successful demerger of Bytes Technology Group from Altron, this new division’s listing on the Johannesburg Stock Exchange was announced in December 2020.

    As such, Bytes Technology Group, formerly a subsidiary of Allied Electronics Corporation Limited (“Altron”), is one of the UK’s leading providers of IT software offerings and solutions, with a focus on cloud and security products.

  • The company has a diverse range of blue-chip customers with 4,929 customers across the private and public sectors.  The Group has a particularly strong track record of working with Microsoft and is one of Microsoft’s largest partners in the UK by revenue.

    Bytes has experienced strong growth between FY10 and FY20, gross profit increased from £12.6m to £79.2m, representing a CAGR of 20%.

    Bytes Technology Group will fall within the Software and Computers FTSE classification. The company has issued 238 million ordinary shares at £0.01 each. The listing of Bytes Technology Group brings the number of listed companies on the JSE to 341 with an overall Market Cap of over R18 Trillion.

Bytes Technology Group Investor Tip

  • Bytes Technology Group trades on the Johannesburg Stock Exchange (JSE) where investors can buy shares under the stock symbolGLD.

    Data from Altron’s 2020 financial analysis shows an impressive performance by the Bytes division as part of the former parent company’s broader portfolio. Financial reporting from the newly demerged Bytes will be made available later in 2021.

  • As such, the Bytes UK business had another spectacular year, with gross invoiced revenue growth of 43% and EBITDA growth of 66%.

    Altron’s UK business has seen growth of 56% in Sterling terms over the past three years and is led by a very capable management team confident of a continuation of strong growth for the foreseeable future. Bytes UK is the number one Microsoft sales partner in the UK and Europe.

  • The listing has shown impressive growth despite continued market fluctuations, which is indicative of the strength of gold as an investment product and the high value which it brings to any investment portfolio.

    The listing’s strong performance is set to deliver solid dividends and a strong share price for investors who choose to purchase shares today, securing a solid buy-in on the JSE in 2021 and in the future.

Bytes Technology Group Major Shareholders

  • Sector

    Technology

  • Industry

    Software and Tech Services

  • Sub industry

    Technology Services

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Frequently Asked Questions

 

 

What is Bytes Technology Group?

A leading IT software offerings & solutions company with primary focus in South Africa and a footprint in Africa and the UK.

 

Can you buy Bytes Technology Group shares online?

The website of SA Shares makes it easy for you to buy JSE listed shares online.

 

When was Bytes Technology Group listed on the JSE?

Following the successful demerger of the Group from Altron the division listed on the JSE in December 2025.

 

Bytes Technology Group

The Group’s strong performance is set to deliver solid dividends and a strong share price for investors who choose to purchase shares today, securing a solid buy-in on the JSE in 2025 and in the future.

 

When was Bytes Technology Group founded?

In March 2025 the Group with a track record of 30 year already,  announced that it will demerge from its parent company, JSE listed Altron.

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