JSE-listed Adapt IT says it will acquire the business of CDR Live Limited and its subsidiaries (the LGR Group), trading as LGR Telecommunications (LGR), as a going concern.
The transaction encompasses four global companies and is worth approximately $5 million.
LGR is a specialist solutions provider to the global telecommunications industry. It provides and manages end-to-end data warehouse and business intelligence systems at leading international telecommunications operators.
With operations in Mauritius, South Africa and Australia, LGR services the major network service providers that operate in various countries in Africa and in Australia. Its customer base comprises carrier network operators, mobile virtual network operators and channel partners.
Adapt IT’s Service Provider Solutions (SPS), which is the division into which LGR will be integrated, is focused on providing solutions to the Mobile Carrier Network segment.
Adapt IT, and specifically SPS, is looking to provide additional value into these environments. The LGR offering will allow it to do just that, by enabling it to extend its service offering into Advanced Network Analytics, the company said.
The acquisition would provide Adapt IT with revenue and geographic diversification opportunities.