AccessKenya Group

Last updated
Access Kenya Group
Company type Private Subsidiary
IndustryInternet
Founded1995
Founder Jonathan Somen
David Somen
Headquarters Nairobi, Kenya
Key people
Richard Hechle
Group CEO
ProductsInternet services, Converged Communications and IT Services
RevenueIncrease2.svg KES: 1.9 Billion (2012)
Increase2.svg KES: 151.4 Million (2012)
Total assets Decrease2.svg KES: 2.27 Billion (2012)
Total equity Increase2.svg KES: 1.25 Billion (2012)
Number of employees
400+
Parent Dimension Data Holdings
Website Home Page

AccessKenya Group is a Kenyan company specializing on internet service provision, with headquarters at Purshottam Place in the Westlands suburb of Nairobi.

Contents

It is a wholly owned subsidiary of Dimension Data Holdings.

Overview

Access Kenya Group comprises Communications Solutions, Broadband Access (Blue), and Openview Business Systems. The Group has 6,000+ corporate leased lines across Kenya and employs over 400 people mainly stationed in Nairobi, Mombasa, Kisumu, Nakuru and Eldoret.

History

Access Kenya Group was founded in 1995 by brothers David and Jonathan Somen to provide information and communications technology for corporate clients within Kenya, under the name Communications Solutions Limited. The company changed its name in 2000 to AccessKenya.

In April 2007, AccessKenya performed an initial public offering (IPO) of stock on the Nairobi Securities Exchange (NSE), becoming Kenya's first publicly listed ICT company.

In 2007, AccessKenya Group acquired OpenView Business Systems. In February 2009, AccessKenya acquired Satori Solutions, a mid-sized virtual ISP to help promote the sale of the group's new SoHo service which is focused on the small and home office market. As at February 2008, AccessKenya had a corporate client base of 3000; a residential base of 1500, and small/medium enterprises base of 125.

In June 2013, the AccessKenya Group received a take over bid from Dimension Data Holdings [1] for 100% of the stock that would lead to the delisting of the stock from the Nairobi Securities Exchange. The offer received irrevocable undertaking from the three founders representing 30.28% of the voting rights. [2] The offer was accepted by the shareholders at an extraordinary meeting and the company exited the securities exchange in November of the same year. [3]

Following the buyout, AccessKenya merged with Internet Solutions Kenya Limited, a Dimension Data Group subsidiary.

Companies within the AccessKenya Group hold four licenses from Communications Authority of Kenya (CA) including DCNO, ISP, PDNO, and Local Loop Operator licenses.

In February 2018, AccessKenya officially re-branded to Internet Solutions Kenya. [4]

Subsidiaries and Investments

The companies that comprise the AccessKenya Group include, but are not limited, to the following: [5]

Governance

AccessKenya Group is governed by a seven-person Board of Directors with Daniel Ndonye serving as the Chairman of the group and Richard Hechle as the Group CEO. [6]

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Jonathan Somen is the co-founder of Access Kenya Group alongside his brother, David Somen.

References

  1. ↑ "Dimension Data offer to Access Kenya Group Shareholders" (PDF). Archived from the original (PDF) on 2014-01-27. Retrieved 2013-12-17.
  2. ↑ "Access Kenya Public Announcement" (PDF). Archived from the original (PDF) on 2014-01-28. Retrieved 2013-12-17.
  3. ↑ "AccessKenya exit leaves NSE shy of Sh2 trillion mark". Business Daily. Retrieved 2017-08-17.
  4. ↑ Jefwa, Baraka (2018-02-02). "Access Kenya re-brands to Internet Solutions". CIO East Africa. Retrieved 2020-02-04.
  5. ↑ "AccessKenya Group 2012 Annual Report" (PDF). AccessKenya Group. December 31, 2014. Archived from the original (PDF) on 2015-02-18. Retrieved December 29, 2014.
  6. ↑ "AccessKenya Group - Directors". accesskenya.com. AccessKenya Group. Retrieved 2014-12-28.
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