Connect with us

    Hi, what are you looking for?

    Tech

    Liquid Intelligent Technologies Set to Acquire Telrad 

    Leading African technology company Liquid Intelligent Technologies 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.

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Tech

    Sophos, a global leader of innovative security solutions for defeating cyberattacks, today announced the launch of Sophos Identity Threat Detection and Response (ITDR). This...

    Business

    The Naira continued to trade with a significant disparity between Nigeria’s official and parallel foreign exchange markets on Sunday, October 19, raising concerns among...

    World

    Japan’s parliament on Tuesday elected Sanae Takaichi as Prime Minister, making her the first woman to lead the country in modern history. Takaichi, 64,...

    News

    A 39-year-old train driver with the Nigerian Railway Corporation, Christopher Ofielu, has been sentenced to 18 months imprisonment or a fine of N1.5 million...