American Investment Company Digital Realty Acquires SA Software Start-Up Teraco
American Investment Company Digital Realty Acquires SA Software Start-Up Teraco. According to several reports, American Investment Company Digital Realty has managed to acquire a South African software startup called Teraco Data Environments. Teraco Data Environments announced that Digital Realty, the largest global provider of cloud and carrier-neutral data centre, colocation and interconnection solutions, has entered into a definitive agreement to acquire a majority stake in Teraco from a consortium of investors, including Berkshire Partners and Permira.
After closing, Digital Realty will own approximately 55% of the total equity interests in Teraco, while the remaining 45% will be held by a consortium of existing shareholders, including management, Berkshire Partners LLC, Permira, van Rooyen Group, Columbia Capital, Stepstone Ventures and the Teraco Connect Trust.
“We are excited to enter our next chapter by joining forces with Digital Realty to create a truly global, scaled platform serving our customers in Africa and beyond. Our combined platform will be uniquely positioned to serve the full customer spectrum with the ability to support their growth around the world. We look forward to working with the Digital Realty team to extend our state-of-the-art data centre and connectivity solutions to capitalise on the favourable industry trends and tremendous market opportunity.” said Teraco Chief Executive Officer Jan Hnizdo on the company’s website.
Digital Realty owns, acquires, develops and operates data centers. The company is focused on providing data center, colocation and interconnection solutions for domestic and international customers across a variety of industry verticals ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
The digital economy has transformed how companies create and deliver customer value. Considering innovations over the last decade, it’s no wonder leading strategies support the always-on business augmented by real-time intelligence securely serving the right people, wherever they are, in an instant. This is why Teraco Data Environments believes defying data gravity will be the turning point for digital transformation. The foundation starts with decentralised IT infrastructure designed to support and scale business initiatives over technology demands.
