Telrad Networks Offices (from website)
Telrad Networks, an Israeli telecommunications company, has been sold to Liquid Intelligent Technologies, a pan-African technology group, for about $60 million.
The sale price is more than Telrad Networks’ current market cap, but the company is currently trading on the Tel Aviv Stock Exchange for less than half of its value after going public back in 2017. News of the sale sent Telrad’s stock prices up 92% for a three years high.
Liquid Intelligent Technologies, a business of Cassava Technologies, is a pan-African technology group with capabilities across 14 countries, primarily in Sub-Saharan Africa. Established in 2005, Liquid has firmly established itself as the leading pan-African digital infrastructure provider. Liquid Intelligent Technologies is redefining Network, Cloud and Cyber Security offerings through strategic partnerships with leading global players, innovative business applications, intelligent cloud services and world-class security to the African continent.
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Founded in 1951, Telrad Networks is an established global provider of innovative end-to-end wireless telecom solutions. Its primary customer base consists of wired and wireless ISPs, municipalities, public and private enterprises. Its expansive portfolio consist of 2.5, 3.5, 5GHz and CBRS solutions.
Telrad stands at the forefront of LTE-A technology with a forward looking path to 5G, offering the highest peak performance in many near and non-line-of-sight (nLOS/NLOS) deployments. In a competitive and dynamic industry, the company distinguishes itself through the quality of its products, its exceptional customer service and the cost-effectiveness of its solutions. Please visit telrad.com for more information.
Telrad chairperson and Fortissimo managing partner Yuval Cohen told Globes, “Telrad today is a growing company that has been profitable over the years and that has a large orders backlog for the coming years. The link-up with Liquid Intelligent Technologies, a substantial international group, will secure the company’s expansion in Israel as an important technological center for the entire group, and it penetration into new markets and new customers in the coming years.”
