(Ecofin Agency) - In 2020, Liquid Intelligent Technologies accelerated its strategy to capture the African digital and connectivity market. In 2022, it launched commercial operations in Nigeria. 

Liquid Intelligent Technologies has acquired Cysiv MEA, a technology company based in Cairo, Egypt. The acquisition, whose amount was not disclosed, marks the official entry of the Cassava Technologies subsidiary in the North African country. The company will provide cybersecurity and cloud services to local businesses under the Liquid C2 brand.

“We are thrilled to be joining the Liquid family and to be part of an industry-leading brand like Liquid C2. We are now in an even stronger position to enable our enterprise customers in Egypt and the MENA region to accelerate their digital transformation whilst at the same time acquiring more sophisticated tools to deal with ever-increasing threats through our expanded cloud and cyber security services portfolio,’’ said Sherif Shaltout, vice-president of operations at Cysiv MEA.

The acquisition of Cysiv MEA comes about four months after Liquid Intelligent Technologies launched its operations in Nigeria. The move is part of the company's strategy to capture the African and global broadband connectivity and digital services market. In fact, in May 2021, it announced it had reached a definitive agreement to acquire Israeli technology company Telrad Networks, which specializes in wireless telecom infrastructure, cybersecurity, and data centers.

The advent of Liquid C2 is expected to enhance the competition that already prevails in the Egyptian digital services market. This should ensure that consumers receive quality services at lower costs and accelerate the realization of "Digital Egypt", the Egyptian government's digital transformation strategy.

Isaac K. Kassouwi