We Have Been Acquired.
As I write this post, I’m on a 2-week well-deserved vacation after almost five long years of building what has become the most influential technology blog in Nigeria, if not Africa.
It turns out that this post would likely be my last on TechLoy.com as the blog now has new owners, after several months of acquisition talks with Jason Njoku and Bastian Gotter, the co-founders of Iroko Partners.
In case you don’t know, both partners of the world’s largest distributor of African entertainment content have recently launched an investment company called Spark which wants to act as a start-up accelerator for innovative ventures out of Africa, with the aim of catalysing a start-up revolution.
The acquisition deal means that the Spark co-founders and their syndicate of investors around the world would now co-own 100% of Techloy through their investment into the tech blog which has now become one of the online brands of Iroko Partners.
I think this decision would be in the best interest of the technology and start-up ecosystem, as my hope is that the tech blog would continue to be a leading media property in its space within the African region in the years to come.
As for me, I’ll be focusing on building other web properties such as The Telecomist which wants to be an independent voice in the African telecoms sector.
Perhaps you’re wondering why I sold Techloy to Iroko Partners at a time when the blog has been positioned to reach more African tech start-up markets and what would eventually happen to the tech blog going forward.
I’m hoping to write a follow-up post on April Fools’ Day
[Image: Jason and I photographed during lunch at Mobile Web West Africa 2012 in Lagos by Emmanuel Oyeleke]