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."


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.

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
Governments around the world are adopting Safe Harbor privacy provisions to protect customer data from leaving sovereign territories. Increasingly, global companies are required to create new instances of their server clusters in multiple countries to keep abreast of these new Safe Harbor laws. Is it worth it? In his session at 19th Cloud Expo, Adam Rogers, Managing Director of Anexia, Inc., will discuss how to keep your data legal and still stay in business.
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect...
Successful transition from traditional IT to cloud computing requires three key ingredients: an IT architecture that allows companies to extend their internal best practices to the cloud, a cost point that allows economies of scale, and automated processes that manage risk exposure and maintain regulatory compliance with industry regulations (FFIEC, PCI-DSS, HIPAA, FISMA). The unique combination of VMware, the IBM Cloud, and Cloud Raxak, a 2016 Gartner Cool Vendor in IT Automation, provides a co...
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today that Cemware will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service. 

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, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...