The management buy-out of CSSI Africa (Pty) Ltd from holding company, Computer Storage Services Incorporated - USA, was successfully completed.
This will allow Computer Storage Services Africa, winner of last year`s NPI Award for best emerging private sector company and home of the minister`s award for technological excellence, to be completely independent. Ahead of our new commercial development and our expansion into SA and neighbouring countries, this move will allow CSSI Africa to propel itself and position in SA as a leading data recovery and storage device specialist firm on the continent.
CSSI Africa will maintain all technological, research and development ties with the technological divisions and operations located in the UK, Brazil, US and the Philippines into the foreseeable future. The company will also continue to maintain strong technology and communication channels with most of the hard disk drive manufacturers and developers of storage devices in the Asia Pacific Rim and the Americas.
CSSI Africa is also negotiating an empowerment deal with its forensics and off-site electronic and media storage company, CipherWave Storage Solutions Africa. The company is expecting to break turnover of more than R25 million during this financial year.
Plans also include taking on distribution rights for a major storage solutions OEM and extend CSSI Africa`s expertise into the high-end storage market.
Further to the above development, CSSI Africa is proud to announce that the Corporate Research Foundation has identified Computer Storage Services Africa as one of South Africa`s Most Promising Companies for 2005.
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