South Africa: Datacentrix starts new chapter with Convergence Partners
Convergence investment gets green light.
Earlier this year, South African ICT company Datacentrix announced that Convergence Partners, through its Convergence Partners Digital Infrastructure Fund, alongside the existing Datacentrix management team, entered into a definitive agreement with Alviva Holdings to acquire 100% of Datacentrix. The agreement was subject to the fulfilment of conditions and regulatory approval. Datacentrix has now announced that all conditions precedent have been met. The Competition Commission and Independent Communications Authority of South Africa have unconditionally approved the transaction.
Datacentrix is a hybrid ICT systems integrator and managed services provider that offers technology solutions for public and private sector entities on the continent and in the Middle East.
“I am thrilled to welcome Convergence Partners to our family and look forward to working with the team to create exceptional business outcomes and to pave the way for a sustainable future. We are heartened by the engagement to date with Andile Ngcaba and the rest of the Convergence Partners team, Stefan Ferreira, and Ruveshan Moodliyar and we look forward to leveraging this new partnership for the benefit of all stakeholders,” commented Ahmed Mahomed group chief executive officer at Datacentrix.
Andile Ngcaba, chairman of Convergence Partners added, “We are delighted to be part of Datacentrix, one of the leading system integrators in South Africa. We are excited to embark on this journey towards artificial intelligence with Datacentrix. We are entering Datacentrix at a time when the market is transitioning towards an AI driven enterprise, telco and public sector. With Datacentrix’s strong partnerships with leading global OEMs we will be forging new partnerships as the market consolidates.”
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