Liquid Intelligent Technologies has announced the acquisition of Telrad, an Israeli-based technology company with a significant presence in 13 countries across the Middle East, South America, the United States, Eastern Europe, and Asia.
Liquid is a pan-African technology group founded by Zimbabwean billionaire Strive Masiyiwa.
“Earlier this year, Liquid entered into a definitive agreement to acquire Telrad, and I am pleased that we have completed this transaction,” Nic Rudnick, deputy chairman of Liquid Intelligent Technologies, said in a statement announcing the acquisition.
The acquisition aligns with the group’s expansion plans as it continues to develop its operations.
Liquid has a unique ecosystem of intelligent technologies that provide mobile carriers and blue-chip enterprises with high-speed and reliable cross-border connectivity, colocation, cloud, cybersecurity, and digital services.
Rudnick went on to state that Liquid and Telrad share similar ideologies of empowering customers through cost-effective connectivity and technology solutions, and that with the transaction completed, Telrad will continue to digitally transform businesses globally.
Telrad CEO Moti Elmaliach said the company is excited to join forces with Liquid and leverage its expertise across the entire technology value chain.
He added that the addition of Telrad to Liquid’s broad-based operations is an exciting move that will allow the company to innovate and grow exponentially in the Israeli and global markets.
Liquid’s cloud solutions have expanded rapidly under the leadership of Masiyiwa, a leading billionaire who sits on the boards of Unilever Plc, Netflix, Bank of America, and the Bill and Melinda Gates Foundation.
Its service offerings include networking, cloud voice, applications, and platforms, while its cybersecurity services cover cyber defense, secure access, and secure data.
Nearly five months ago, the pan-African technology group purchased a fiber pair on Google’s Equiano submarine cable, with the aim to become Africa’s top connectivity solutions provider.