Nigerian leading ICT company, Computer Warehouse Group (CWG) plc. Marked her 10 years of excellence service to corporate organizations. CWL Systems over the last 10 years had undertaken hardware projects and provided software solutions, systems and training to top and leading firms.
Speaking at the 10th Annual General Meeting held in in Lagos, Austin Okere, founder and chief executive officer of Computer Warehouse Group (CWG), said the company’s subscription business has begun to yield fruits.
“The CWG subscription business model was conceived five years ago as the company needed to re-invent and transit to become a company that could predictably grow revenue and profit, Okere noted.”
“From a small startup with seed capital of barely N160,000, CWG has grown to become one of Africa’s largest system integrators with revenues of more than $100m, 650 staff and operations across Nigeria and three other African countries, CWG had always been at the forefront of innovative information technology solutions that enables growth.”
Okere further said that the opportunities that CWG has successfully pursued under her subscription business include providing a cloud solution for micro finance institutions in partnership with MTN (a solution dubbed MTN XaaS), building a cloud based solution for Micro, Small and Medium Enterprises (MSMEs) to manage their businesses, partnering with openshopen.com to build an ecommerce platform for increased visibility and sales. CWG’s investment in building technology that addresses power theft, which is a major concern of most Power Distribution Companies, has gained significant traction with the first commercial order, and four other proof of concepts completing and progressing into commercial sales. The Company has also partnered with SES Astra to operate a digital satellite television teleport service.
He further highlighted that the Company’s SMERP business management platform has been extended to various verticals including medical, retail and manufacturing and is fast winning deals, including one with a major retail chain about to build out more than twenty outlets in Nigeria within the next two years.
The Company re-iterated her commitment to continue her focus in developing new lines of businesses, under the CWG2.0 model, which are better positioned to withstand macroeconomic shocks, especially those relating to foreign exchange movements.
Abiodun Fawunmi, CWG acting chairman, remarked that: “CWG made significant progress in her key business objective for 2014 which was to scale out the subscription business in order to be the number one technology platform provider in Africa by 2015, a business model that would provide predictability, as well as ensure annuity revenues On the Company’s financial scorecard.”
Computer Warehouse Group Plc. has evolved into an IT Powerhouse with focus on enabling businesses through strategic partnerships with world-class organizations.
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