Horizon Equity Partners Invests in South Africa-based Qorus Software (Sub-Saharan Africa)
Source: Qorus Software
Horizon Equity Partners, provider of growth and buyout capital to small and medium-sized enterprises in South Africa, has made a minority investment in South Africa-based software developer and Microsoft partner Qorus Software. The transaction was structured through Horizon Fund III. Qorus Software’s technology adds document automation functionality to Microsoft SharePoint, Word and PowerPoint. The company intends to use the capital injection to meet demand for its document automation solutions for Microsoft SharePoint and to fund sales and marketing plans for a formal entry into the North American market. Financial details of the transaction were not disclosed.