M&A Deal Summary

MFS Africa Acquires Global Technology Partners

On June 7, 2022, MFS Africa acquired information technology company Global Technology Partners

Acquisition Highlights
  • This is MFS Africa’s 2nd transaction in the Information Technology sector.
  • This is MFS Africa’s 1st transaction in the United States.
  • This is MFS Africa’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2022-06-07
Target Global Technology Partners
Sector Information Technology
Buyer(s) MFS Africa
Deal Type Add-on Acquisition

Target

Global Technology Partners

Tulsa, Oklahoma, United States
Global Technology Partners (GTP) offers a processing solution developed specifically for prepaid. GTP is Visa and MasterCard certified and is primarily focused on the African market, with a presence in over 30 African countries. The company has representatives in America, Europe, Nigeria, and Cote d’Ivoire, and data centers located in America and Nigeria. Its experienced team of developers, system analysts, and compliance experts have years of experience in the prepaid market. Global Technology Partners was formed in 2003 and is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

MFS Africa

Johannesburg, South Africa
Category Company
Founded 2009
Sector Internet Software and Services
DESCRIPTION

MFS Africa is a developer of value added services for mobile wallets. MFS Africa works in close partnership with mobile network operators and financial institutions to bring simple and relevant financial services to un- and under-banked customers. MFS Africa was founded in 2009 and is based in Johannesburg, South Africa.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-26 Sochitel Group

London, United Kingdom

Sochitel Group is a provider of international airtime transfers into and across the African continent. Sochitel has strong partnerships with leading MNOs, financial institutions and distribution companies connected to its platform.

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