Secure networks group Enterasys Network is bullish on growth in the African market and will actively pursue acquisitions locally.
CEO Michael Fabiaschi, speaking at a recent partner event in Johannesburg, said the company was poised to make technology acquisitions that would position it to aggressively compete in the local and international markets.
The company's new owners, The Gores Group and Tennenbaum Capital Partners, say they have a $1.4 billion war chest, of which part has been set aside for acquisitions.
Enterasys de-listed from the New York Stock Exchange early last year, after being acquired by its new owners.
Increasing investment
Speaking in SA, Fabiaschi said: "I see tremendous potential for growth in Africa for Enterasys. My job is to strengthen and build our relationships with loyal customers and partners, and bring the benefits of secure networks to new customers around the globe."
He did not say which companies were on the acquisition radar, but said the organisation would look to increase its investment in the local operations.
"We are seeing good return on our investment into the African region in general and SA in particular. We will continue to invest in this region and are watching its good growth with particular interest."
Fabiaschi added the company based its growth strategy on maintaining its use of open standards.
"We will secure any company's network no matter what legacy equipment they may have. We do not believe in vendor lock-in; remaining standards-based means we have to offer superior engineering and better support than the other vendors. We do this, and it's paying off."
Regional African director Martin May says the Enterasys strategy under Fabiaschi has been favourably received by the local market.
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