Copy Cat Group new Managing Director Vishal Patel has announced the company’s plans to implement new transformational strategy to increase its market share in the ICT market. Under this plan, Vishal Patel says the company has been sharpening its innovation edge to develop new products for the modern market targeting businesses, governments and individuals.
He made the announcement when he took over as Managing Director during Copy Cat’s Group 30th anniversary celebrations held on Tuesday evening in Nairobi. The celebrations were also attended by ICT Cabinet Secretary Joe Mucheru.
“We have invested in a team of innovators that will drive the next phase of the company’s growth,” Mr.Vishal said.
ICT Cabinet Secretary Joe Mucheru also took the chance to challenge the company to list on the Nairobi Securities Exchange (NSE) to spread ownership of the company to other Kenyans, adding that ICT companies are growing fast and transforming Kenya’s economy and should thus spread ownership to the public.
“Listing will allow Copy Cat to discover its worth and its owners to unlock the value of their investment,” Mr. Mucheru said in his key note address.
The Cabinet Secretary asked the management to give Kenyans a chance to share in the success of the company, which was started operations in 1986 as an office machines vendor but has transformed into a full-fledged ICT company providing both hardware and software solutions.
Copy Cat Group offers hard ware and software products and services, which include security equipment, printers and copiers, cash handling equipment, data centers and consultancy.
Mr. Nazir Noordin who was also present at the event said the company, which in 1994 entered Tanzania market by acquiring Business Machines Tanzania Ltd, is expanding to other regional markets with a presence Uganda and Rwandan market.
“East Africa is an exciting place to be as a technology company,” he said. “The region is quick to embrace technology, with Kenya being a global leader. The contribution of ICT to GDP is growing and we are ready to be part of this growth.’’
The company had increased its presence in the region with operations in Kenya, Tanzania, Uganda and Rwanda.