Add-on Acquisition • Information Technology

Onafriq Acquires Global Technology Partners

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

Acquisition Context

This is Onafriq’s 2nd transaction in the Information Technology sector.
This is Onafriq’s 1st transaction in the United States.
This is Onafriq’s 1st transaction in Oklahoma.

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M&A Deal Summary
Date	June 7, 2022
Target	Global Technology Partners
Sector	Information Technology
Buyer(s)	Onafriq
Deal Type	Add-on Acquisition

Target Company

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 Overview 1

Buyer

Onafriq

Johannesburg, South Africa

Category	Company
Founded	2009
Sector	Internet Software and Services

DESCRIPTION

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

Deal Context for Buyer	#
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.	Buy	-

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.

Buy

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