 |
|
| FREE NEWS SERVICES • Newsletters • RSS feeds • Alerts |
CAREERWEB • Register • Post your CV • Find your job |
BRAINSTORM
• Subscribe • Read online |
iWEEK • Subscribe • Read online • Get into iWeek |
IT TRAINING • TrainingWeb ITWEB EVENTS • Events Calendar |
FEEDBACK
• Post your feedback • Send us a news tip |
 |
 |
|
Sponsor's Message
11 January 2001
Investment in SA start-up companies planned
[
11 January 2001
] -
Cabletron Group Investments , one of the companies in the US-based Cabletron Group , is to offer financial support for South African start-up companies in the technology sector.
This was announced at the recent launch ofEnterasys SA , a Cabletron Group company, by Enterasys regional director (sub-Saharan Africa), Martin May.
May revealed that Cabletron Group Investments was involved in the support of more than 50 leading edge start-up companies, including ISPs and ASPs, in the US and Europe.
"Now Cabletron Group Investments is looking to work with and encourage innovative start-up companies with exciting business models in South Africa," he says.
"In South Africa there are so many opportunities for small businesses to grow in the technology arena."
May says that Cabletron Group Investments has earmarked more that $ 50-million for local development and is currently in negotiation with a number of local companies, mostly systems integration houses and service providers, with a view to forming closer relationships with them.
"It is too early to give specific details, but Cabletron Investment Holdings usual method of operation is to take a small stake in companies with whom we have common business objectives and then set up co-operative working arrangements.
"Our goal is to take their ideas or products to market in the most impactful way using Cabletron's expertise and financial muscle.
"In this way we have grown a number of companies - five in Europe alone - to the point where they are now partnering with Cabletron Group companies, such as Enterasys, to address their local markets."
This was announced at the recent launch of
May revealed that Cabletron Group Investments was involved in the support of more than 50 leading edge start-up companies, including ISPs and ASPs, in the US and Europe.
"Now Cabletron Group Investments is looking to work with and encourage innovative start-up companies with exciting business models in South Africa," he says.
"In South Africa there are so many opportunities for small businesses to grow in the technology arena."
May says that Cabletron Group Investments has earmarked more that $ 50-million for local development and is currently in negotiation with a number of local companies, mostly systems integration houses and service providers, with a view to forming closer relationships with them.
"It is too early to give specific details, but Cabletron Investment Holdings usual method of operation is to take a small stake in companies with whom we have common business objectives and then set up co-operative working arrangements.
"Our goal is to take their ideas or products to market in the most impactful way using Cabletron's expertise and financial muscle.
"In this way we have grown a number of companies - five in Europe alone - to the point where they are now partnering with Cabletron Group companies, such as Enterasys, to address their local markets."
EDITORIAL CONTACTS
Cabletron Group
Martin May
Sub Saharan Regional Director
(011) 646 3323
mmay@ctron.com
Martin May
Sub Saharan Regional Director
(011) 646 3323
mmay@ctron.com
Howard Mellet Communications
Leanne Traub
(011) 463 4611
leanne@hmcom.co.za
|
|
Copyright (c) 1996 - 2012 ITWeb Limited. All rights reserved. Would you like to see your news here? Contact us for more details at itnews@itweb.co.za |
|||||||||||
|
