Lawtrust, the subsidiary of the South African digital technology group Etion, has been acquired for 245 million rand ($17.1 million) by Altron, a South African information technology integrator.
“The acquisition of Lawtrust positions Altron Security as a one-stop shop for everything related to digital and information security,” said Mteto Nyati (photo), Chief Executive Officer of Altron Group.
Here Is What You Need To Know
- The takeover operation, which is conditional on the approval of the Competition Commission, should enable Altron, listed on the Johannesburg Stock Exchange, to strengthen its position in the security sector, which it considers a growth area on the continent.
- In 2019, Altron acquired Ubusha Technologies, a digital security company specializing in identity management.
- The “great deal” enabled Altron to accelerate the digital transformation of its customers due to Covid-19.
- Lawtrust, which provides its services to more than 500 clients, is considered one of the leading cybersecurity and information security companies in South Africa.
Lawtrust acquired
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer