printer friendly version

Intervid goes on expansion drive

Intervid recently concluded a loan agreement with RFS Holdings, an associated company of Intervid's 15% shareholder, Venfin.

The $50m deal will lead to the formation of a new Swiss-based subsidiary called Intervid International which will make strategic acquisitions of integration companies that are already in the business of providing IT solutions to corporations.

Robin Howard, Intervid's Chief Executive Officer, said: "I believe that having access to substantial foreign funds and international business partners will immediately raise the profile of Intervid in international markets.

"The partnership with RFS Holdings will provide us with a footprint we can use to sell South African-developed products to target markets in the US, Australia and the UK."

For details contact Intervid, (031) 764 9700.

Share this article:

Further reading: