Intel And Adlevo Invest In Ghana’s Rancard Solutions

Posted on Jul 11 2012 - 5:58am by Editorial Staff

Intel Capital, Intel’s global investment and M&A organization and Adlevo Capital Managers, a private equity fund manager focused on investments into technology has announced that they have completed an expansion investment into Rancard Solutions, focused on Africa. This is the first ever Ghana investment in Rancard Solutions, a provider of cloud-based mobile software.

Commenting on the investment, Kofi Dadzie, CEO of Rancard, said: “Today’s investment will play a vital role in enabling us to expand our footprint across Africa on both a reputational and operational level. We’re delighted that both Adlevo Capital and Intel Capital have agreed to come onboard at a time of such opportunity and are excited about working with such experienced and globally recognized partners.”

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