Respected ICT Company Datacentrix Starts a new Chapter with Convergence Partners

1 July 2024, Johannesburg – On 17 January 2024, Datacentrix announced that Convergence Partners, through its Convergence Partners Digital Infrastructure Fund (“CPDIF”), alongside the existing Datacentrix management team, entered into a definitive agreement with Alviva Holdings (Pty) Ltd to acquire 100% of Datacentrix. The agreement was subject to the fulfilment of conditions and regulatory approval. Datacentrix is pleased to announce 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 leading hybrid ICT systems integrator and managed services provider that drives progress through cutting-edge technology solutions for public and private sector entities on the continent and in the Middle East. The company addresses clients’ challenges and modernisation requirements in fast-moving business and technology environments. The company’s approach involves partnering with its clients to align their ICT undertakings with their business strategy. It is recognised for its agility, in-depth industry knowledge, proven capability and strong overall performance.

 

Datacentrix’s mature offering embraces the advances in technology to deliver business value to its clients, including digital transformation, artificial intelligence, connectivity and hybrid technology solutions.

 

Datacentrix will continue to be led by the experienced management team that has successfully managed the company for many years, both in a listed and unlisted environment. The success of the Group is testament to a management team and employees who are passionate, committed and focused on generating value for all its stakeholders.

 

“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.

 

“Datacentrix’s roots are firmly planted in South Africa and has ambitions to continue expanding its reach further into the continent and beyond. We look forward to continuing the Datacentrix success story well into the future. The Group is well poised to deliver unparalleled value to its broad client base across Africa and the Middle East,” commented Mahomed.

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.”

 

About Datacentrix

Datacentrix is a Level One (AAA) B-BBEE Contributor, with 135 percent procurement recognition. For more information, please visit www.datacentrix.co.za.

 

About Convergence Partners

Convergence Partners is a leading private equity investment manager focused on the technology sector in sub-Saharan Africa, with a 20-year history of investing successfully in digital infrastructure in the region. The Convergence Partners Digital Infrastructure Fund is a c.$300m private equity fund focused on long term investments in data centres, fibre networks, wireless and towers, edge, artificial intelligence (AI), Internet of Thing (IoT), cloud and fintech and platforms across the Continent. Convergence Partners’ team is located in South Africa, Nigeria, Mauritius and soon Kenya.

Find out more here: https://www.convergencepartners.com/

For more information:

Yolande Tabo
Email: yolandet@convergencepartners.com