Convergence Partners investee company, Dimension Data has been positioned by Gartner, Inc., in the Leaders Quadrant of the Magic Quadrant for Communications Outsourcing and Professional Services (COPS) report.
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RSSInternet Solutions acquires majority stake in Synaq
July 4th, 2011 | admin
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 Speechly says 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.
NTT offer for Dimension Data goes unconditional
October 13th, 2010 | admin
Dimension Data shareholders have voted overwhelmingly in favour of Nippon Telegraph and Telephone’s (NTT’s) £2.1 billion offer, with shareholders owning 93.42% of DiData shares accepting the deal. With the approval phase of the transaction now complete, Convergence Partners looks forward to an exciting new era for Dimension Data, especially in the fast growing African market.
NTT Makes R24.4 billion offer for Dimension Data
July 16th, 2010 | admin
On 15 July 2010, Nippon Telegraph and Telephone Corporation (“NTT”) Dimension Data Holdings plc (“Dimension Data” or “DiData”) announced that they have reached agreement on the terms of a cash offer to be made by NTT for 100% of Dimension Data. The offer, totalling approximately GBP 2.1 billion (R24.4 billion), was unanimously recommended by both Boards of Directors. Andile Ngcaba, Chairman of Dimension Data’s Middle East and Africa business (“DDMEA”), as well as of its minority shareholder Convergence Partners, is excited about the deal and how its positions DiData in his region. “With access to the resources, products and R&D of the NTT Group, DDMEA is better positioned than ever to grow its presence and capitalise on new and fast growing market opportunities, such as cloud computing. The deal is great for the country and the company”.