Large South African technology distribution group MB Technologies (MBT) has entered into an agreement to purchase a majority stake in cloud computing specialist Cloud On Demand. The value of the deal has not been disclosed.
The move forms part of MBT’s plan to expand beyond its traditional business of hardware distribution and to provide new services to its channel partners.
MBT’s operating companies include Tarsus Technologies, Channel Capital, Channel Risk Management, Printacom, GAAP and SecureData. Tarsus has previously entered into a distribution agreement with Cloud On Demand.
The deal gives Cloud On Demand access to greater financial and back-office resources, CEO Jonathan Kropf says in a statement. “It will allow us to build scale to deliver cost-effective public and hybrid cloud services to the IT channel that exists within the group and particularly in the SecureData and Tarsus Technologies businesses.”
Cloud On Demand has already moved into the new MBT head office in Midrand and, according to Kropf, is already “well on its way integrating into the group”. — (c) 2014 NewsCentral Media
