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Finance / South Africa

Shoden Acquisition Will Give Hitachi Foothold In Africa's Data Centre Market

October 2011 | Corporate Financing Analysis

Hitachi Data Systems (HDS), a wholly owned subsidiary of Japanese IT and consumer electronics firm Hitachi Ltd, announced on October 10 2011 that it plans to acquire South Africa-based Shoden Data Systems. BMI has a positive outlook for cloud computing services in Africa, driven mainly by increasing economic activity and improved broadband connectivity. We also expect continued interest from global players looking to take advantage of emerging opportunities in the region's enterprise solution market.

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