On the Money – In Brief

Mergers, Acquisitions and Financial Results

- Internet Solutions (IS) has acquired a majority stake in Synaq, the Johannesburg-based managed Linux service provider and messaging company, for an undisclosed sum.

- Teraco Data Environments has received a R158 million financing boost from the International Finance Corporation (IFC), the Development Bank of Southern Africa (DBSA), as well as other investors. The financing includes a combination of both equity and debt, with the IFC, a member of the World Bank Group, becoming an equity shareholder in Teraco and the DBSA providing R80 million of senior debt.