Leading African technology company Liquid Intelligent Technologies (https://www.Liquid.Tech/) to acquire Telrad, an innovative technology business with an extensive B2B offering; Telrad’s strong R&D program and technology solutions to complement Liquid Intelligent Technologies’ owned infrastructure and digital solutions offerings.
Liquid Intelligent Technologies (“Liquid”), a pan-African technology group, today announced that it has entered into a definitive agreement to acquire Telrad (TASE: ILA), an Israeli-based technology company.
Telrad provides and maintains high quality technology products and services for global business and governments. The company develops innovative technology solutions across business areas including networking, cyber security, cloud infrastructure, data centres, information technology, geoinformatics, and education.
This transaction brings together Telrad’s differentiated technology solutions with those of Liquids’ unique, integrated platform of digital infrastructure and services. Telrad’s technology solutions and extensive R&D capabilities, including two dedicated R&D centers, will complement Liquids’ offerings and support its long-term growth strategy.
The acquisition will strengthen Liquid’s B2B product segments and its geographic reach, leveraging Telrad’s presence in 13 countries across the Middle East, South America, United States, Eastern Europe and Asia.
Nic Rudnick, Group Chief Executive Officer of Liquid, said: “Telrad’s advanced proprietary technology in areas including cyber security, data centres and wireless access technology will be a great asset to Liquid’s digital solutions. Together, we will be able to leverage our pan-continental infrastructure to scale innovative, technology solutions and expand the breadth of our digital services offerings across and beyond Africa.”
Telrad Chief Executive Officer, Moti Elmaliach, said: “Liquid has an incredibly strong track record of success and a rich history of innovation. We are excited to join forces and to leverage Liquid’s expertise across the full technology value chain, from the subsea cable to the last mile. This is an exciting step for Telrad, our team and the customers we serve.”
Many leading global technology companies have chosen Liquid Intelligent Technologies as their trusted partner to accelerate digital transformation and we look forward to delivering on this shared ambition together.”
The transaction is subject to customary closing conditions, including Telrad shareholder approval.
Distributed by APO Group on behalf of Liquid Intelligent Technologies.
Telrad is a leading global technology company based in Israel. The company offers products, services and technology solutions to clients in over 100 countries, by offering a complete end-to-end proposition, utilizing a mix of superior internally developed products and partnering with best-of-breed vendors, across three business segments; namely (i) wireless communication; (ii) IT & Infrastructure; and (iii) BPO & Geoinformatics. Telrad has strong and long standing partnerships with top tier global businesses and governments. https://www.Telrad.com
About Liquid Intelligent Technologies:
Liquid Intelligent Technologies is a business of Cassava Technologies, a pan-African technology group present in more than 20 countries, mainly in sub-Saharan Africa. Liquid has firmly established itself as the leading provider of pan-African digital infrastructure with an extensive fibre broadband network covering over 100,000 km. Liquid Intelligent Technologies is also leveraging its digital network to provide Cloud and Cyber Security solutions through strategic partnerships with leading global players. Liquid Intelligent Technologies is a comprehensive technology solutions group that provides customised digital solutions to public and private sector enterprises and SMEs across the continent. https://www.Liquid.Tech/
This Press Release has been issued by APO. The content is not monitored by the editorial team of African Business and not of the content has been checked or validated by our editorial teams, proof readers or fact checkers. The issuer is solely responsible for the content of this announcement.