Coaxle buys into iX

Coaxle, the integrated data and insights company of which Lightstone is a member, has acquired a 50% interest in iX, a provider of digital solutions primarily to the retail automotive industry. The acquisition will strengthen the synergies between iX and long-standing...

Management buyout at Interconnect Systems

Privately held network infrastructure company Interconnect has announced that its executive team has bought out the share of the company held by its remaining co-founder, Tai van Aswegen. The transaction will be effective on 31 March 2023. “The management buyout...

Graig joins Paratus Namibia board as ESG chairperson

Reagon Graig has joined the board of Paratus Namibia Holdings (PNH), a publicly-traded company on the Namibian Stock Exchange. He has been appointed as an independent non-executive director of the company and as chairperson of the environmental, social and governance...

Velocity acquires Stellarise

Velocity Technology Group has acquired 100% of Stellarise, a London-based Managed Services Provider, for an undisclosed sum. The acquisition will add significant new customers, technical support staff and add significant deployment skills in Microsoft Intune and...

Avaya completes last financial restructuring milestone

Avaya Holdings has announced that the US Bankruptcy Court for the Southern District of Texas has confirmed the company’s prepackaged Plan of Reorganisation. Implementing the confirmed prepackaged Plan of Reorganisation will reduce Avaya’s total debt by...

Santam acquires MTN device insurance book

Santam, South Africa’s leading short-term insurer, has entered into an alliance with MTN South Africa, that will see the company purchase the mobile telecommunication firm’s device insurance book. The acquisition, and alliance, is aimed to support MTN...