Altron gets thumbs-up to acquire Ubusha Technologies

The Competition Commission has approved Altron’s acquisition of Ubusha Technologies. Altron acquired the identity security company in December 2019 in a deal worth R360-million. Altron chief executive Mteto Nyati says: “This acquisition was the springboard for the...

Insight Partners completes Veeam acquisition

Insight Partners has completed its acquisition of Veeam, at a valuation of approximately $5-billion. “Insight has been a trusted partner since 2013 when they made their first minority-stake investment in Veeam,” says Bill Largent, CEO of Veeam. “They are known for...

Altron Nexus confirms new MD

Altron has announced the confirmation of Mark Harris to the permanent role of MD of Altron Nexus. Andrew Holden, group chief operations officer, says Harris will report directly to him. Holden comments: “Mark has been acting as Altron Nexus MD for almost six months,...

The impact of Covid-19 on markets

The spread of coronavirus, Covid-19, beyond China has created fresh uncertainty for the global growth outlook and sparked volatility in financial markets. Outbreaks in South Korea, Iran and Italy have raised concerns that the spread outside of China may be...