With document services revenue shrinking, the company looks to data centers, physical storage as sources of growth.

The deal is similar to another acquisition in the region the company announced in September.

The CEO expects to attract cloud platforms to the company's future "hyperscale" data center in Johannesburg.

Microsoft, Google and Amazon all reported their final sets of financial earnings for the 2020 calendar year, with each showing significant public cloud gains.

The company’s new management will evaluate all key business aspects to “close the valuation gap” between itself and competitors.

“We view this as a proxy bet on enormous growth of internet and data.”