Contour Technology

n mid-August 1997, Contour Technology (Pty) Ltd ENTERED the outsourcing arena. The aim of providing expertise on prepayment systems, embedded SOFTWARE development & electronic product design. Many of the specifications & systems currently implemented, both locally & internationally, have been based on products & specifications designed or drafted by engineers at Contour Technology. With the approach of the new millennium, Contour Technology was approached to find a solution to this universal problem of becoming (Y2K) Compliant. Thereafter what was subsequently produced was the Contour CDU & SMS the first Windows-based Common Vending System (CVS) & Standard Transfer Specification (STS) compliant Vending & Revenue Management Systems. Contour Technology’s success with these products drew the attention of Prism Holdings. Prism acquired a controlling interest in Contour Technology in July a few months prior to Prism’s listing on the Johannesburg STOCK EXCHANGE. Contour Technology became a subsidiary of Prism Holdings called Prism Prepayment Technologies (Pty) Ltd. Over a three-year period, the relationship between Contour Technology & Prism Holdings proved mutually beneficial for both companies. However, with the emphasis of Prism’s core focus changing, Prism sold its shareholding to the founding members and the company then changed its name back to Contour Technology (Pty) Ltd. This business deal provided the flexibility and opportunity that Contour Technology required to strengthen its position in the utility prepayment market. Included in the deal was a reciprocal arrangement whereby Contour Technology became nominated technology provider for prepayment expertise to Prism. This was complemented by the acquisition of distribution rights to the Prism secure module, a product used in all STS prepayment vending machines. In addition, Contour’s CREDIT and tariff management system (CTMS) secure module is now used in all Eskom STS Vending Systems.