Africa’s Liquid Intelligent Technologies has today announced the finalisation of its 100% acquisition and delisting of Israeli technology company Telrad. Telrad will now be part of Liquid, and its greater parent the Cassava Technologies group. Liquid had entered an agreement to purchase Telrad “earlier this year.”
Liquid has a unique ecosystem of intelligent technologies which bring high-speed and reliable cross-border connectivity, colocation, cloud, cybersecurity and digital services to mobile carriers and blue-chip enterprises. “Liquid and Telrad share similar ideologies of empowering customers through cost-effective connectivity and technology solutions. Together we will continue to digitally transform businesses globally,” added Rudnick.
Elmaliach notes the acquisition as an opportunity to “innovate and grow exponentially in both the Israeli and international markets”.