Latest Technology News In South Africa
Magnachip was created in 2004 when Hynix sold its non-memory semiconductor operations to an investor group. The independent company concentrated on analogue and mixed-signal products, display-driver chips and power semiconductors while its ownership and manufacturing footprint evolved over time.
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Pegasystems was founded in 1983 by Alan Trefler, initially developing software to help organisations automate complex business processes and decisions. By 2026, Pegasystems provided enterprise workflow automation, decisioning and AI software under the Pega brand.
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Eleving Group was founded in Latvia in 2012 as Mogo Finance, initially building vehicle-finance operations. The group expanded across the Baltics and other markets, diversified into consumer and device finance, adopted the Eleving Group name in 2021 and completed a public offering in 2024.
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The Platform Group traces its roots to a German family retail business founded in 1882. Dominik Benner took over the family operation in 2012, connected physical stores to online marketplaces and launched proprietary platforms such as Schuhe24 before expanding into numerous vertical marketplaces and acquisitions.
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MonotaRO was established in Japan in October 2000 by Sumitomo Corporation and US industrial distributor W.W. Grainger to sell maintenance, repair and operations supplies online. By 2026, MonotaRO operated a large business-to-business e-commerce platform for tools, parts, consumables and industrial supplies.
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Riber was created in France in 1964 and initially developed expertise in ultra-high-vacuum technology. Its move into molecular beam epitaxy began in the 1970s, and by 1978 it had introduced an early turnkey MBE system. It later developed research and production equipment used to grow compound-semiconductor structures.
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Sectra was founded in Sweden in 1978 by researchers connected to Linköping University, with its name derived from secure transmission. By 2026, Sectra operated mainly in medical imaging software and secure communications, serving hospitals, defence organisations and other security-sensitive customers.
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Vecima was founded in Saskatoon in 1988 by Dr Surinder Kumar under the name Wavecom Electronics. The company developed cable-network products, moved to Victoria, changed names through VCom and Vecima, listed in Canada and expanded through acquisitions including Concurrent’s video business and distributed-access technology.
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EPAM Systems was founded in 1993 by Arkadiy Dobkin and grew from software engineering work in Eastern Europe into a global technology-services company. By 2026, EPAM provided software engineering, cloud, data, AI and digital-transformation services to large international clients.
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Silvaco was founded in 1984 by Dr Ivan Pesic and began with software for semiconductor modelling and parameter extraction. The company introduced tools such as Utmost and SmartSpice, expanded into technology computer-aided design, electronic design automation and semiconductor intellectual property, and became a public company in 2024.
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