About XON
XON is a company based in Midrand (South Africa) founded in 1996, and was acquired by NEC in February 2018. ICT system integration is provided for carriers across Africa.
Company details
XON was founded in 1996 and is headquartered in Midrand, South Africa. Focus is placed on system integration within the ICT sector, serving carriers, mobile operators, service providers, and educational entities. Operations span 18 countries in the African region. Collaborations are established with vendors including Juniper, Procera, F5, and Symantec. An investment has been received from NEC Europe, while a 34.69 stake is owned by Kapela Holdings.
Funding Insights of XON
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of XON with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2015 | Private Equity Round | – | – |
1 investors in total: 1 institutional.
Investors in XON
XON has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include NEC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cloud-based IT and networking solutions are provided globally. | 1899 | nec.com | Minato City, Japan |
Investor details for XON
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of XON
3 dated milestones of XON across 22 years, from founding to its latest funding, stage changes and deals.
- Founded XON is founded.
- Funding First funding round.
- Exit Acquired by NEC.
Web traffic of XON
The website of XON (xon.co.za) receives about 2.3K visits a month.
- Monthly visits2.3K
▼ 82.2% vs previous month
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Frequently Asked Questions about XON
XON was founded in 1996 and raised its 1st funding round 19 years after it was founded.
XON is headquartered in Midrand, South Africa. It is registered at Midrand, Gauteng, South Africa.
XON was founded in 1996 and is headquartered in Midrand, South Africa. Focus is placed on system integration within the ICT sector, serving carriers, mobile operators, service providers, and educational entities. Operations span 18 countries in the African region. Collaborations are established with vendors including Juniper, Procera, F5, and Symantec. An investment has been received from NEC Europe, while a 34.69 stake is owned by Kapela Holdings.
XON has 1 investor. Key investors include NEC.
Yes. XON was acquired by NEC in February 2018.