Mustek Strengthens Cloud and Security Services Through CyberAntix Acquisition

South African IT company Mustek has strengthened its position in the cybersecurity market by acquiring a 70% stake in CyberAntix, a security operations centre-as-a-service provider. The deal, valued at R20 million ($1.1 million), includes an R8 million ($457,820) transfer of shares and a R12 million ($686,730) shareholder loan. CyberAntix was previously owned by Sizwe Africa IT, which is part of Ayo Technologies through its subsidiary Zaloserve.

Sizwe Africa IT sold the stake as part of a strategic shift, aiming to reallocate resources and seek new cybersecurity partnerships by the end of 2024. Despite CyberAntix's growth potential, Ayo noted that long-term investments would be required to fully develop the business.

The remaining 30% of CyberAntix will stay with NIL Data Africa, an international IT service provider. Mustek, meanwhile, views the acquisition as a chance to expand its recently launched cloud, software, and security services divisions. Nicole Orr, Mustek’s Chief Marketing Officer, emphasized that the move aligns with the company’s strategy to broaden its offerings, particularly in software and security, enhancing its services for resellers and customers.

Source: Osamu Ekhator / TechPoint Africa