Technology-focused private equity investment management company Convergence Partners has met all conditions precedent to acquire 100% of system integration service company Datacentrix from information and communication technology products and services provider Alviva.
The Competition Commission and Independent Communications Authority of South Africa have unconditionally approved the transaction, Datacentrix said in a statement on July 3.
Datacentrix provides services and solutions for public and private sector entities in Africa and in the Middle East.
It will continue to be led by the experienced management team that has successfully managed the company for many years, 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, the company said.
Datacentrix’s offering embraces advances in technology to deliver business value to its clients, including digital transformation, AI, connectivity and hybrid technology solutions.
“We are excited to embark on this journey towards AI 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 forge new partnerships as the market consolidates,” said Convergence Partners chairperson Andile Ngcaba.
“I look forward to working with the team at Convergence Partners to create exceptional business outcomes and to pave the way for a sustainable future,” added Datacentrix group CEO Ahmed Mahomed.
“We are heartened by the engagement to date with 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.
“Datacentrix’s roots are firmly planted in South Africa and it 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,” he said.