Digerati Technologies Expands International Reach with Acquisition of Ricochet Global

Core Insights - Digerati Technologies has successfully acquired Ricochet Global, enhancing its capabilities in telecommunications services, particularly in Africa, the Middle East, and the Persian Gulf [1][2]. Company Overview - Digerati Technologies operates as a holding company and provides co-location and technology infrastructure solutions through its subsidiary, WaivCloud, Inc. [4]. - WaivCloud focuses on delivering secure, reliable, and scalable data center solutions, emphasizing exceptional customer service and personalized support [4]. Acquisition Details - The acquisition of Ricochet was executed through a combination of cash and restricted common stock [2]. - Ricochet is recognized for its advanced switching and routing architecture, which ensures high-quality service while maintaining efficiency [2]. Leadership Statements - Jason Mumper, Founder of Ricochet, expressed enthusiasm about joining Digerati and aims to leverage the acquisition to create significant value [3]. - Robert Delvecchio, Chairman and CEO of Digerati, highlighted the acquisition as a pivotal moment for the company, aiming to utilize Ricochet as a foundational platform for future growth and additional acquisitions [3].