By Goddy Egene
Pan-Africa information and communication technology (ICT) company, Computer Warehouse Group (CWG) Plc has said transiting from a private to a public company two years ago, has helped the brand to get global recognition and increased confidence of global partners.
Chief Operating Officer of CWG Plc, Mr. Kunle Ayodeji, stated this while delivering a paper titled: ‘Transiting from Private to Public Enterprise: Opportunities in the Capital Market’, in Port-Harcourt during the Lagos Business School, Zonal Alumni Session.
He said a public enterprise requires strong governance structures, which is strictly monitored by regulatory reporting, thereby making many things like change of key management and access to funds work in its favour.
Ayodeji said: “Though, going public has its own challenges like loss of control, increased periodic reporting, cost of regulatory requirements and ease of acquisition, it is safe to say many things would ordinarily go in the favour of a public company, because both your partners and clients have more trust for the brand than when it was private. At CWG Plc, I can boldly say we are stronger as a business.”
He revealed that the acceptability of the company’s new products has improved since becoming a public company, adding that it will continue to pursue its mission of deploying solutions that enable growth, especially for the Small and Medium Enterprises, which is put at 34 million by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).
“CWG believes that being a public company today will also help it towards its journey to become the No 1, information technology (IT) platform in Africa in the next four years. Riding on our core values of innovation, professionalism, candor & openness, excellence, respect for commitment and team spirit, we are vigorously aiming at our vision to be Africa’s No. 1 IT platform service provider by 2020,” he said.
He added that today, the IT company, which started off as a Dell reseller over two decades ago, offers services like IT infrastructure hardware, software services, cloud service tagged CWG 2.0, communications and managed services to a broad range of clients that cut across banking, telecom, insurance, oil & gas and government.