Grace Ashiru
Liquid Intelligent Technologies (Liquid), based in Africa, made the official announcement today that it has completed the delisting of Israeli technology company Telrad and acquired 100% of its shares.
In the future, Telrad will operate as a subsidiary of Liquid, a subsidiary of the Cassava Technologies company. “Earlier this year,” Liquid had agreed to purchase Telrad and had signed a purchase agreement.
The announcement stated that Telrad already has a major presence in 13 countries across five continents: South America, the United States of America, the Middle East, and Eastern Europe.
Innovative technological solutions, such as networking, cloud infrastructure, information technology, geoinformatics, and cybersecurity, are offered by the company to commercial clients and government agencies worldwide.
Mobile carriers and blue-chip organizations can use Liquid’s high-speed and dependable cross-border connectivity, colocation, cybersecurity, cloud, and digital service offerings, thanks to Liquid’s one-of-a-kind ecosystem of intelligent technologies.
Nic Rudnick, the Deputy Chairman of Liquid Intelligent Technologies, has stated that the business will look to use Telrad’s “strong” research and development program with a sharp focus on cybersecurity solutions, data centers, and wireless access technology.
Both Liquid and Telrad believe that clients should be given more agency through the implementation of connection and technological solutions that are both efficient and affordable. Together, Rudnick said, we will carry on the process of digitally transforming companies worldwide.
We are thrilled to join forces and look forward to utilizing Telrad’s experience across the whole technology value chain in conjunction with those of Liquid as well as the Cassava group. Together, we will carry on the process of digitally transforming companies all around the world, Rudnick said
“We are excited to work together and use Telrad’s expert knowledge across the full technology value chain, as well as that of Liquid and the wider Cassava group. Moti Elmaliach, CEO of Telrad, referred to this development as an exciting step for the company.
Elmaliach acknowledges that the acquisition presents an opportunity to “innovate and grow tremendously in both the international and the Israeli markets.”
Rudnick went on to say that Elmaliach would remain in his role as CEO of Telrad, in addition to being given a position on the executive team of Cassava.
Cassava was established by an African businessman by the name of Strive Masiyiwa.In addition to his role as Executive Chairman of the company, Masiyiwa is a member of the boards of various worldwide organizations, such as Unilever Plc and Netflix, as well as the Global Advisory Board for the Bill & Melinda Gates Foundation and the Bank of America. She has also been a member of the Committee on Conscience of the United States Holocaust Museum for a long time.
