Riverside Partners' ITC Global Adding On in Africa
August 30, 2012
ITC Global, a portfolio company of Riverside Partners since January, has entered into an agreement to acquire Spidersat Communications. Headquartered in Tanzania, Spidersat is an integrator of global communications solutions focused on providing satellite-based communication services for mining, exploration and mining services companies operating in Africa. Thus, its acquisition will deepen ITC's local presence in Africa. ITC is headquartered in St. Petersburg, Florida and provides satellite telecommunications services.