21 July 2009, Skyrove Wi-Fi Hotspots today announced an investment deal with Cybersmart.
Cybersmart, a leading ISP in SA, has shown its commitment in further developing Skyrove’s Wi-Fi Hotspot business by taking a minority stake in the business, valuing the company at R12 million.
Cybersmart’s research showed that running a hotspot business is technically quite challenging and that the cost of an investment in an established player would be significantly less than the cost required to develop a robust service in-house.
“After evaluating a number of hotspot offerings available, it was decided to pursue an investment in Skyrove as the company is currently Africa’s largest and fastest growing Wi-Fi sharing community network; the simple voucher system allows a user to redeem vouchers at any Skyrove hotspot and the credits never expire; the transparent management system is far superior than any of its competitors and the management team is a combination of highly skilled, young & innovative individuals, which really made it a ‘no brainer’”, says Fialkov.
Henk Kleynhans, Founder and CTO of Skyrove, welcomes the partnership. “Laurie has a very strong entrepreneurial background and is active in the ICT space. He understood Skyrove’s product and could clearly see the potential for growth.”
About Cybersmart
Founded in 1998, Cybersmart is the most economical ISP in South Africa that provides broadband internet access and the cheapest hosting solutions. With various innovative customer centric special offers such as Night Rider and the latest Grow for Life, Cybersmart is continually rewarding their loyal customers while still providing best value bundled packages.
For more information, please visit Cybersmart.
About Skyrove
Skyrove enables anyone to easily start a Wi-Fi Hotspot and share their broadband internet connection to earn an income, while at the same time providing inexpensive, prepaid wireless internet access to end-users. Once you connect your Skyrove router to your network (ADSL, iburst etc), anyone with a laptop computer will see a new network called ‘Skyrove Internet’. They simply connect to this, buy credits online and start to surf the net. To have your very own managed or controlled free Skyrove Hotspot solution, please fill in the enquiry form and we will contact you. To find 500+ other Skyrove hotspots, please visit Skyrove’s hotspot map.
For more information, please visit Skyrove.
Cybersmart, a leading ISP in SA, has shown its commitment in further developing Skyrove’s Wi-Fi Hotspot business by taking a minority stake in the business, valuing the company at R12 million.
Cybersmart’s research showed that running a hotspot business is technically quite challenging and that the cost of an investment in an established player would be significantly less than the cost required to develop a robust service in-house.
“After evaluating a number of hotspot offerings available, it was decided to pursue an investment in Skyrove as the company is currently Africa’s largest and fastest growing Wi-Fi sharing community network; the simple voucher system allows a user to redeem vouchers at any Skyrove hotspot and the credits never expire; the transparent management system is far superior than any of its competitors and the management team is a combination of highly skilled, young & innovative individuals, which really made it a ‘no brainer’”, says Fialkov.
Henk Kleynhans, Founder and CTO of Skyrove, welcomes the partnership. “Laurie has a very strong entrepreneurial background and is active in the ICT space. He understood Skyrove’s product and could clearly see the potential for growth.”
About Cybersmart
Founded in 1998, Cybersmart is the most economical ISP in South Africa that provides broadband internet access and the cheapest hosting solutions. With various innovative customer centric special offers such as Night Rider and the latest Grow for Life, Cybersmart is continually rewarding their loyal customers while still providing best value bundled packages.
For more information, please visit Cybersmart.
About Skyrove
Skyrove enables anyone to easily start a Wi-Fi Hotspot and share their broadband internet connection to earn an income, while at the same time providing inexpensive, prepaid wireless internet access to end-users. Once you connect your Skyrove router to your network (ADSL, iburst etc), anyone with a laptop computer will see a new network called ‘Skyrove Internet’. They simply connect to this, buy credits online and start to surf the net. To have your very own managed or controlled free Skyrove Hotspot solution, please fill in the enquiry form and we will contact you. To find 500+ other Skyrove hotspots, please visit Skyrove’s hotspot map.
For more information, please visit Skyrove.
