Lagos, October 19, 2017 Terragon Group’s founder, Elo Umeh, has made the 40under40 list of entrepreneurs by IESE Business School from over 46,000 alumni across 129 countries.

Through its Entrepreneurship and Innovation Center (EIC), IESE launched the “IESE 40under40” programme, selecting the 40 former students under 40 who have excelled in the development of new business projects. This selection was made among the over 46,000 students who have participated in some of the training programmes taught by the School.

These 40 projects have allowed the creation of 2,197 jobs in 12 countries, from 4 continents, receiving € 544 million in external investment, and generating € 251 million in annual revenue for the economy. Half of these start-ups were born during the last 5 years, and 17% of them began their activity by bootstrapping, without using external investment.

The selection of the “IESE 40under40” was been done by a jury of international experts, based on a rigorous analysis of the projects, especially their impact on society in terms of social contribution and job creation, in addition to the growth and the level of innovation, among other criteria.

Commenting on this achievement, Umeh commended the initiative and stated that it will inspire new entrepreneurs in their ventures and will help to keep growing the community of IESE entrepreneurs globally. “I am both excited and humbled at this feat and would like to thank my colleagues, clients, partners and all who have been with me on this journey. I would never have been able to make this list without their tremendous support and cooperation” he said.

Umeh is passionate about growing digital in Africa and with the company’s exploits, is transforming the way companies are reaching their customers leveraging data and technology. He participated in the Advanced Management Program in Media and Entertainment and holds a Global Executive MBA from IESE Business School, where he graduated as the Best Student of the class of 2016.  He is the current co-chair of the Mobile Marketing Association, Nigeria.

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About Terragon Group

Africa’s leading Digital Powerhouse, Terragon Group, is a data and marketing technology business committed to unlocking value for businesses using insight to reach mobile audiences in Africa.

Inspired by the birth of the smartphone, Terragon exists to harness the power of mobility. Leveraging the depth of its connections, the group of companies enables businesses gain access and insights on African consumers unlocked by a unique blend of proprietary technology tools, data and analytics.

Terragon Group of Companies is made up of two independent and complementary businesses, Terragon Digital and Twinpine, which provide synergies that translate to high business impact.