TeleMasters concludes ConexLink acquisition
TeleMasters has acquired a 25 percent stake in data centre specialist ConexLink.
JSE-listed communication service provider TeleMasters has announced the acquisition of a 25 percent stake in data centre specialist ConexLink, which came into effect on 1 June.
TeleMasters CEO Jaco Voigt told ITWeb that ConexLink brings a carrier-grade disaster recovery centre that ticks all the boxes for physical security and geo-redundancy to Gauteng.
He notes that agreements have been concluded with a number of leading fibre providers that now have nodes in place at the facility to support enterprises that must comply with the most stringent disaster recovery requirements.
“The acquisition of the 25 percent stake in ConexLink is complementary to the strategic vision we have for our catalytic business. It allows us to provide additional options to our customers, and also exposes the group to larger enterprise opportunities,” Jaco said.
Although the acquisition had been part of TeleMasters’ growth plans for the past year, Jaco said the current environment makes the move a timeous one.
“There is now a lot of focus at board level on risk management and risk containment, with backup and business continuity a top priority. So our acquisition positions us to support these enterprises as they review their disaster recovery strategies to strengthen redundancy and compliance,” he said.
For the past 18 months, TeleMasters has been running an operational optimisation exercise. “We are now poised for growth. We believe the current environment will present us with significant opportunities to expand on our growth strategy,” Jaco concluded.