Internet Solutions acquires majority stake in Synaq
Internet Solutions acquires majority stake in Synaq
Convergence Partner’s investee company, Internet Solutions (IS) has acquired a majority stake in locally managed Linux service provider Synaq, for an undisclosed sum.
IS executive for communication services Wayne Speechlysays the acquisition boosts the ability of IS to tackle the growing need for managed communication services in the small and medium-sized enterprises (SME) market, through the delivery of robust hosted Linux and open-source technologies. Synaq, on the other hand, will benefit from access to IS’s infrastructure and gain a strong base of support for African and international expansion.
Synaq’s operations, structure, management and staffing will remain unchanged following the acquisition and the company will continue to serve its current customers from its Johannesburg head office.”