Convergence Partners is an investment management and advisory firm, focused on the telecommunications, media and technology sector in emerging markets, with a principal focus on Africa.

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Internet Solutions acquires majority stake in Synaq

July 4th, 2011 | admin
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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.

Communications Minister and leaders of ICT industry meet on growth and jobs

March 1st, 2011 | admin
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On Friday 25 February 2011, Communications Minister Roy Padayachie met with the leaders of 30 of SA’s top ICT players to discuss cooperation between government and private sector in order to create jobs and enhance growth. Chairman of Convergence Partners and Dimension Data, Andile Ngcaba, attended the roundtable discussions, which were aimed at developing a 2020 vision for the South African ICT sector. Andile noted that applications and software are central to the ICT ecosystem and that opportunities exist for innovation and development in these fields. The potential for job creation opportunities would also arise from the production of new set top boxes, required for migration to digital television signal distribution in South Africa.

Andile’s thoughts from Mobile World Congress (“MWC”) 2010 in Barcelona: 10 key trends and developments

February 24th, 2010 | admin
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Having attended the Mobile World Congress, the largest global telecoms conference (attended by 49,000 visitors from 200 countries) in Barcelona this year, the following 10 key trends and developments came to the fore.