Welcome!

News Feed Item

Athlone Investments Closes Acquisition of African Telecom and Data Centre Provider

Company to Be Re-Named APIO Incorporated

TEL AVIV, ISRAEL -- (Marketwired) -- 08/28/14 -- Athlone Investments Limited (the "Company")(ATL:TA)(TASE:ATLN) is pleased to announce it has completed the previously announced Transaction (the "Transaction"), wherein the Company has acquired 75% of Vaninga & Investimentos Limitada ("Vaninga"), a Mozambican telecom and data centre provider.

In connection with the Transaction, two new members have joined the Board of Directors, being Gordon Edwards as Executive Chair and Ross Macdonald as the incoming CEO.

Gordon was a co-founder of global IT powerhouse Datatec. His role was to expand the business internationally where he was responsible for numerous acquisitions and rapid corporate growth. Datatec was nominated as South Africa's most global company for three years in a row in the late 1990's. During this time Gordon also served on Microsoft's Mobility advisory board. Gordon's background is in ICT infrastructure, telecoms and application software.

Ross was a member of the founding team of South African Telecom giant MTN. He was responsible for the vision and strategy for MTN's Pan-African expansion. Travelling the continent in the late 1990's and early 2000's he identified and engaged local partners, regulators and government officials and secured the first half dozen mobile licenses that formed the foundation for MTN's later international expansion. The bulk of MTN's operations were later acquired in a single transaction when they bought Investcom in 2006. His background is in engineering, finance and strategy with a strong emphasis on emerging markets.

Stan Bharti Co-Chairman, stated, "We are very excited about the prospects of the new APIO and its keystone acquisition Vaninga. We are well positioned to become the dominant data centre provider in Mozambique, initially, and thereafter to expand and become a major player across Africa. The management team we have secured is World Class and we have every confidence they will ensure that Vaninga and ultimately APIO will reach its full potential."

Management

The company is also pleased to announce significant additions to its operational management team with the appointment of Edwin Thompson as Chief Operating Officer, Jan Holtzhausen as Chief Technology Officer and Scott Moore as President.

Edwin is a 25 year telecom industry veteran and former General Manager for MTN Technology and Infrastructure with responsibility for all Datacenters. He has extensive last mile experience in emerging markets across Africa and the Middle East.

Jan is acknowledged by Dell and F5 as a World Leader in Cloud Solutions. He is the first African to be ISECOM /OSSTMM certified. He has extensive global experience with Unix/Microsoft and Defined the "4 aspects of performance testing" now used as standard by ISEB. He has extensive experience across multiple African markets.

Scott is a finance executive with over 25 years of experience in public and emerging markets. He presently serves as COO of the Merchant Bank Forbes & Manhattan, Inc. He has raised over $400 million in emerging markets in the past eight years. He holds a Bachelor of Arts degree from the University of Toronto and an MBA from the Kellogg School of Management.

Brand Strategy

In conjunction with the closing, the Company is pleased to unveil its new brand name and logo; APIO. Latin for connect or join, our brand reflects our Pan African strategy for broadband, joining Africans across the continent and the globe.

In the coming weeks APIO will be announcing further operational updates as services are rolled out in Maputo. We will also be applying to change our ticker on the Tel Aviv stock exchange to better represent our new brand and direction.

About APIO

APIO's subsidiary Vaninga & Investimentos Limitada is a Mozambican telecommunications operator licensed to provide a full range of fixed and wireless services nationally. It will focus on the provision of carrier neutral data centre services which are in very short supply in Mozambique and in Sub Saharan Africa generally. The company will launch services in Maputo in October and have already pre-sold the full capacity of rack space available.

In addition to traditional data centre services such as hosting and co-location, Vaninga plans to provide, a range of Cloud based services such as Platform as a Service and Infrastructure as a Service, virtual servers, secure storage and media streaming. Its customers include banks, telecommunications operators, Government, SME's and Consumers.

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Israeli securities legislation. Forward-looking information includes, but is not limited to, statements regarding the Company's business model. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; future prices of mineral prices; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Contacts:
Ross Macdonald
CEO
+447767028239
[email protected]

Gordon Edwards
Co-Chairman
+27834632819
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In a world where the internet rules all, where 94% of business buyers conduct online research, and where e-commerce sales are poised to fall between $427 billion and $443 billion by the end of this year, we think it's safe to say that your website is a vital part of your business strategy. Whether you're a B2B company, a local business, or an e-commerce site, digital presence is key to maintain in your drive towards success. Digital Performance will take priority in 2018 for the following reason...
Rodrigo Coutinho is part of OutSystems' founders' team and currently the Head of Product Design. He provides a cross-functional role where he supports Product Management in defining the positioning and direction of the Agile Platform, while at the same time promoting model-based development and new techniques to deliver applications in the cloud.
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
In his session at Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to maximize project result...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"Our strategy is to focus on the hyperscale providers - AWS, Azure, and Google. Over the last year we saw that a lot of developers need to learn how to do their job in the cloud and we see this DevOps movement that we are catering to with our content," stated Alessandro Fasan, Head of Global Sales at Cloud Academy, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abilit...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
"Cloud computing is certainly changing how people consume storage, how they use it, and what they use it for. It's also making people rethink how they architect their environment," stated Brad Winett, Senior Technologist for DDN Storage, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.