FINANCIAL services company i capital on Wednesday announced that it had acquired 30% of Rivonia-based software development house MIP Holdings. I capital director Craig Lyons, who declined to disclose the amount involved, said the transaction was done through i capital’s private equity fund, the Growth Fund I. Lyons said his company was attracted to MIP because of its entrepreneurial nature, its focus and the depth of management. MIP chairman Richard Firth said the company would use the investment to accelerate its growth. “Our company has grown consistently over the last nine years, but we have reached the point where we need to grow to the next level. “I capital’s investment and value-added involvement in our group allows us to do this.