Johannesburg - Independent voice and data provider Otel
has acquired fixed and wireless broadband internet service provider (ISP),
Jireh Technologies.
Otel says in a statement issued on Friday that it is
buying the company, for an undisclosed amount, because it believes Jireh's
resources will help the company achieve its vision of becoming a fully-fledged
ICT systems integrator while continuing to add value to its business customers.
"The strategic acquisition of Jireh not only
supports Otel's growth strategy but has an additional and welcome client focus
through the access to last mile services that it provides. This will help drive
down data prices which is a current national ICT imperative," says Rad
Jankovic, Otel CEO.
Jireh founding CEO Anthony Engelbrecht will transition to
the role of Otel CTO while simultaneously becoming an Otel shareholder.
"I've always been a huge supporter of Otel's vision
to drive down end user data costs while at the same time providing resellers
with unique business opportunities. It made sense to convert my admiration for
the company into a real shareholding enabled by the sale of Jireh," says
Mr Engelbrecht.
Read also: #WEFAfrica17: Tech is a liberator
Otel started in 2008 and is now a provider of
fibre-to-the-home, as well as providing business with voice over IP and
broadband infrastructure -as-a-Service (IaaS) solutions.
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