Venfin Business News

SEACOM Undersea Fiber Optic Cable Switched On to Connect Africa & Europe; SEACOM is 76% African-Owned

SEACOMSEACOM, Ltd, and its supplier, Tyco Telecommunications, a business segment of Tyco Electronics Ltd. and an industry pioneer in undersea communications technology and marine services, announced yesterday that they have completed the installation, testing, and commissioning of Phase 1 of the SEA Cable System.

This milestone marks the conclusion of a comprehensive test program, which verified connectivity and compliance with all transmission requirements, while moving South and East Africa a significant step closer toward achieving increased international connectivity.

“We are extremely pleased to be in the final stages of this project, which will make massive new bandwidth available in South and East Africa,” said Brian Herlihy, President, SEACOM, Ltd. “Following Tyco Telecommunications’ hand-off of the system, and as of today, we will activate the cable for international use, and we are currently in the midst of final preparations with our customers toward that end. We look forward to meeting the overwhelming demand for increased, high-quality bandwidth and witnessing the positive effects it has throughout the region.”

The 13,700 km SEA Cable System will link the South and East African countries of South Africa, Mozambique, Tanzania, Kenya, and Djibouti with India and Egypt. Read the rest of this entry »

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Paid Ads Company, Ad Dynamo, & Venture Capital Firm, InVenFin, Challenge Google in South Africa

Ad DynamoA small South African Cape-based company, that has already instigated a dispute with the global giant Google, has now won venture capital support to develop a technology that mimics one of Google’s most successful innovations. The venture capital is being injected into Ad Dynamo International, a new operation created by the small but feisty company Entelligence. The undisclosed sum of money is coming from InVenFin, a venture capital fund formed by the Venfin group. InVenFin will take a stake in Ad Dynamo, which is led by CEO Sean Riley, the MD of Entelligence.

Its technology, like Google’s, is a pay-per-click advertising system that lets companies market themselves online. Advertisers can bid to have their adverts placed on websites that are most relevant to their products. The website owner earns a small commission from the advertiser each time a user clicks to view the advert. The venture capital cash will be used to improve its software and market it abroad. Read the rest of this entry »

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