Metrofile, a JSE-listed document provider that store volumes of physical records in a store room, is diversifying its revenue base and responding to the connected world by launching a digital company.
The business was formed in 1983 by the merger of two innovators in records management and archiving, Metrofile and Records & Storage Management.
The firm said the creation of a new digital business is part of its ongoing digital transformation.
The document provider added that building on its highly successful traditional business of Integrated Information and Records Management its customers are looking for digital services to give them a competitive edge in their respective industries.
It said customers benefit from its trusted solutions and offerings, but until now, have had to seek alternatives for digital solutions requirements.
With the rapid pace of innovation in the technology sector, the opportunity to drive additional customer value through digital offerings has never been more opportune.
Metrofile believes that this practice moves its offerings from the back office to directly servicing its customers at the core of their business.
The Digital Company will launch early in 2018, and Metrofile said it has attracted senior technology leaders who will lead and grow the new digital business.
“The time has never been better for us to extend our reach into our customer base. Many of our existing offers lend themselves perfectly into a digital asset,” said Pfungwa Serima, Group CEO, Metrofile Holdings.
“Amongst the basic opportunities to provide digital site recovery, data archiving, backup management and security, we also see the opportunity to provide world leading cloud based solutions to our customers around Artificial Intelligence, Predictive Analytics, Big Data and IoT.”
Metrofile said the Digital Company will be a cloud based software, infrastructure, security and data platform based entity.
The company’s mandate will be to service both the Metrofile customer base as well as to provide cloud based digital solutions to companies of all sizes.
Metrofile Holdings’ largest shareholder is its empowerment partner, the Mineworkers Investment Company, which owns 34.41% of its equity.