Welcome to my first column of 2019. As seems to be the norm over the holiday season, the international ICT market has been dominated by over 50 acquisitions or investments during the past six weeks, including several by Accenture. Dell’s listing was also in the spotlight.
At home, investments involving Naspers and MTN’s settlement in Nigeria were the main local events.
Key local news of the past six weeks
* Mixed interim numbers from PBT Group, with revenue down but back in the black.
* Very good year-end figures from Labat Africa, with revenue up 41% and profit up 173.9%.
* A mixed trading update from Sebata Holdings.
* Adapt IT Holdings acquired the Wisenet Group, which operates in Australia, New Zealand and Singapore, for R53.6 million. The Wisenet Group provides a software as a service (SaaS) learning relationship management system (student life cycle management and compliance) to vocational training institutions, called Registered Training Organisations.
* Experian bought Compuscan and ScoreSharp. Compuscan is a South African-based credit bureau that provides consumer and commercial credit information within the country and other African nations. ScoreSharp is a specialist credit risk management consultancy that forms part of the Compuscan Group.
* Hero Telecoms purchased Bloemfontein-based Ntelecom, a VOIP and WISP, which offers high-speed Internet connections via both wireless and fibre.
* First Carlyle Growth V, through its wholly owned subsidiary, acquired Amecor, a company that offers a range of exclusive technologies relating to security, electronics and networks.
* Naspers and Canada’s state pension fund led a $540 million investment in Byju’s, an Indian educational technology start-up.
* Naspers made a $600 million investment in Swiggy, India’s online food delivery company.
* Global video streaming service Acorn TV made its debut. It is run by RLJ Entertainment, which is owned by AMC Networks. Besides the Web