Acquisition Archives - AfricaBusiness.com

13Dec

By Africa BusinessNo Comments

African News

Frost & Sullivan: Need for Increased Functionality Drives EMEA Contact Center Systems Market

Enterprises pushing for tighter integration between various contact center applications LONDON, Dec. 13, 2012 /PRNewswire/ -- Technology upgrades and migration to IP/SIP are key drivers for the contact center systems market in Europe, Middle East and Africa (EMEA). Revenue growth in the analytics segment is robust, followed by the quality monitoring (QM) segment. Despite the presence of large vendors, there still exists substantial scope for smaller and emerging companies to innovate and expand, particularly in the analytics and QM segment. New analysis from Frost & Sullivan (http://www.contactcenter.frost.com), EMEA Contact Center Systems Market, finds that the market earned revenues of €637.4 million in 2011 and estimates this to reach €811.3 million in 201...

17Nov

By Africa BusinessNo Comments

African News, South Africa News

Frost & Sullivan Awards Invensys Operations Management for Growth Leadership in the South African ACS Market

Diversified product portfolio, focused innovation and exceptional customer service underpin continuous growth CAPE TOWN, Africa, Nov., 2012 /PRNewswire/ -- Based on its recent analysis of the Automation and Control Solution (ACS) market in South Africa, Frost & Sullivan recognises Invensys Operations Management Southern Africa with the coveted 2012 South African Growth Leadership Award. "In a market facing increasingly intense competition, Invensys Operations Management Southern Africa has continued to register strong growth," noted Frost & Sullivan's Automation & Electronics Team Leader, James Maposa. "An innovative and diversified product portfolio, strategic partnering and exceptional customer service and support have enabled the company to maintain its pos...

13Nov

By Africa BusinessNo Comments

African News

SkyVision to improve the level of communication in Africa

By Thandisizwe Mgudlwa SkyVision has invested in Africa and will be expanding its local presence. On Monday of this week SkyVision Global Networks Ltd, a leading global provider of IP connectivity over satellite and fibre optic systems, announced in Cape Town, South Africa that it will continue expanding its local presence across Africa. "And following an intense strategic process, it became clear that in order for SkyVision to keep its position as a major African player offering services specifically designed for the rapidly developing African markets, it will also need to enhance its local presence in key African markets. Ben Sira stated: “It was clear from day one that if SkyVision was to enhance its market leadership in Africa, the company would have...

12Nov

By Africa BusinessNo Comments

African News, Nigeria News, South Africa News

Standard Bank Group leads US$550m Shoreline Natural Resources facility

Standard Bank Group, as mandated lead arranger and bookrunner, has closed a US$550,000,000 syndicated bank guarantee and bridge facilities for Shoreline Natural Resources. This is one of the largest finance deals completed in Nigeria so far in 2012. Shoreline has used the facility to acquire 45% in OML 30, an oilfield in the Niger Delta of Nigeria, from 1 November 2012. China Development Bank joined Standard Bank Group as mandated lead arranger. They were joined by lead arrangers Ecobank Nigeria and First City Monument Bank. The facility was fully underwritten by Standard Bank Group. It was signed with Shoreline on 29 June 2012, has a 12+6 month tenor and is structured as a bank ...

6Nov

By Africa BusinessNo Comments

African News

IAMGOLD Fatality in Burkina Faso, West Africa

TSX: IMG NYSE: IAG TORONTO, Nov., 2012 /PRNewswire/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") regrets to report that a gardener employed at our exploration office in Ouagadougou, Burkina Faso, drowned on November 1, 2012. The Company immediately notified all relevant government authorities and other stakeholders in Burkina Faso and is reviewing its safety precautions across the Company for its care and maintenance workers. The thoughts of management in Burkina Faso and throughout the company are with the family, friends and co-workers of the deceased. About IAMGOLD IAMGOLD (www.iamgold.com) is a leading mid-tier gold mining company producing approximately one million ounces annually from five gold mines (including current joint ventures) on three contine...

5Nov

By Africa BusinessNo Comments

African News

PanAtlantic Exploration Company Adopts Paradigm’s Subsurface Software Suite for International Deepwater Exploration and Production Projects

Paradigm solutions to improve cycle times and enhance subsurface reliability. [05-November-2012] LAS VEGAS, Nov. 5, 2012 /PRNewswire/ — Paradigm™ (www.pdgm.com) announced today that PanAtlantic Exploration Company has adopted Paradigm geophysical and petrophysical applications for all of its exploration and production work in the deepwater environments of Brazil and Africa. PanAtlantic will use the Paradigm solutions for every step in the upstream workflow, from seismic processing and imaging through interpretation and modeling, reservoir characterization, reservoir engineering, and well planning and drilling engineering. The announcement was made at the 2012 SEG International Exposition and 82nd Annual Meeting, Las Vegas. (Logo: http://photos.prnewswire.co...

17Oct

By Africa BusinessNo Comments

Ghana News, Tanzania News

ITC Global Completes Its Acquisition of Spidersat, Deepens Its Local Presence in Africa

ST PETERSBURG, Fla., Oct. 16, 2012 /PRNewswire/ -- ITC Global, Inc. ("ITC Global" or the "Company"), a leading global provider of enterprise grade satellite communication services to mining, energy and maritime businesses, announced today that it has completed its previously announced acquisition of Spidersat Communications Limited ("Spidersat"), a leading integrator of global communications solutions focused on providing mission critical satellite-based communication services for mining, exploration, and mining services companies operating in Africa. The combined companies will provide the most seamless coverage, service, and local support available in Africa for mining and mining-related customers. "I am incredibly excited to begin our partnership with Spidersat and further deve...