Investors
Until 21 September 2011, Ideco was a wholly owned subsidiary of the Muvoni Technology Group Ltd, a company listed on the Alt-X board of the Johannesburg Securities Exchange (JSE).
Due to a change in the strategic intent of Muvoni to refocus its resources on providing transaction based bureau services, it was agreed to separate shareholding interests.
Subsequently a deal was concluded and Muvoni sold its shares in the biometric solutions division, to the management team of Ideco Biometric Security Solutions (Pty) Ltd.
Our BEE shareholders hold a 51% ownership interest in Ideco Biometric Security Solutions (Pty) Ltd which ensures that our socio-economic and political positioning remains aligned with the strategic intent of our Government.
