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...

Storage, channel strategy drive Lenovo growth

Fueled by strong market momentum in edge-to-cloud servers, storage, and software, Lenovo is transforming into a full-service solutions provider with expansion across its infrastructure solutions portfolio. Lenovo has also seen more than 100% year-over-year growth in...

Oliver Fortuin steps down as Seacom group CEO

Seacom’s group CEO Oliver Fortuin has resigned. He will continue to serve in his position until June this year, during which time he will continue to support the Seacom board and also participate in the process to announce his successor, which the company...

Share acquisition builds further capabilities within KID Group

The Knowledge Integration Dynamics Group, through its subsidiary ITBusiness, has acquired a majority share in SaltTech, a Microsoft Gold Certified Partner for Data Platform, Data Analytics and Application Integration and a Silver Partner for Cloud Platform and Data...

Kaspersky buys into container security solutions developer Ximi Pro

Kaspersky has acquired 49% of Ximi Pro, a subsidiary of Ximi Lab that develops Tron, a comprehensive solution for the protection of software container infrastructures. The acquisition will allow the company to develop an offering that would provide full-fledged...