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Datacentrix has announced the successful acquisition of 100% of its shares by Convergence Partners, through its Convergence Partners Digital Infrastructure Fund (“Convergence”), alongside the existing Datacentrix management team.
This follows a definitive agreement with Alviva Holdings (Pty) Ltd and subsequent fulfillment of all conditions and regulatory approvals. The Competition Commission and the Independent Communications Authority of South Africa have unconditionally approved the transaction.
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Datacentrix is a leading hybrid ICT systems integrator and managed services provider, delivering cutting-edge technology solutions to both public and private sector entities across the continent and the Middle East. The company is renowned for addressing clients’ challenges and modernization needs in rapidly evolving business and technology environments. By aligning ICT undertakings with business strategies, Datacentrix has built a reputation for agility, industry knowledge, proven capabilities, and strong performance.
The company’s comprehensive offerings include digital transformation, artificial intelligence, connectivity, and hybrid technology solutions, all designed to deliver significant business value to its clients.
Datacentrix will continue to be led by its experienced management team, who have successfully guided the company in both listed and unlisted environments. The team’s dedication and focus on generating value for all stakeholders have been pivotal to the Group’s success.
“I am thrilled to welcome Convergence Partners to our family and look forward to working with the team to create exceptional business outcomes and 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.
Mahomed also highlighted Datacentrix’s ambitions to expand its reach further into the continent and beyond, stating, “Datacentrix’s roots are firmly planted in South Africa, and 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.”
Andile Ngcaba, Chairman of Convergence Partners, expressed excitement about the acquisition, saying, “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.”
