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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Dimension Data is South Africa’s largest IT services provider

January 30th, 2012 | admin
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Dimension Data, the global specialist IT solutions and services provider, has been positioned by BMI-TechKnowledge as the largest provider of IT services to the South African market.
“In its latest IT services market sizing and forecast of 2010-2015 report published in December 2011, BMI-T recognised that Dimension Data was still the largest provider of IT services in South Africa in 2010, accounting for 15.4% of the total IT services market, up from 14.8% in 2009,” the company said on Tuesday.

Plessey targeting new infrastructure opportunities

January 24th, 2012 | admin
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Howard Earley, COO of Plessey, a Convergence Partners investee says that Plessey has identified the opportunities that exist and need for a next-generation service provider with the ability to build the infrastructure required by the fast growing communications industry.

Andile Ngcaba named TechCentral’s South African Newsmaker of the Year 2011

December 22nd, 2011 | admin
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Convergence Partners Chairman, Andile Ngcaba, was named as TechCentral’s newsmaker of 2011 for his significant impact on South Africa’s technology sector over the past 12 months, topping an impressive list consisting of Pieter Uys, Mamodupi Mohlala, Karel Pienaar, Robert Gumede, Roy Padayachie, Lars Reichelt, Michael Jordaan, Pinky Moholi and Mteto Nyati.

Dimension Data delivers double digit growth

December 13th, 2011 | admin
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Convergence Partners investee, Dimension Data, which was delisted about a year ago, after being bought out by Japan-based NTT in a R24.2 billion deal, reported double-digit top line growth for the year to September.
The company says revenue grew 14.8%, to $5.79 billion, from $4.74 billion for the 2010 financial year. It also reported double-digit operating profit growth of 10.8%.

Comsol, Dimension Data and Internet Solutions provides connectivity for Volvo Ocean Race

December 8th, 2011 | admin
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When the competing fleet of 11-strong crews of professional sailors dock in Cape Town harbour after up to 22 days on the open sea, Convergence Partners’ investee companies, Dimension Data, Internet Solutions and Comsol, have exclusivity in providing connectivity for the race fleet while it is docked in the Mother City port for repairs and re-stocking. The Cape Town leg of the race will take place in early December

Dimension Data wins 2011 Frost & Sullivan Excellence Award

November 3rd, 2011 | admin
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Dimension Data, a Convergence Partners investee, received the 2011 South African Excellence in Mergers and Acquisitions (M&A) Strategy Award from Frost & Sullivan.
Dimension Data, according to a recent Frost & Sullivan analysis conducted on the IT services market, have met a number of measurement performance criteria, pertinent to achieving a certain level of excellence, when compared to that of key competitors within the IT industry.

New Internet Service Provider Association of South Africa (ISPA) management committee named

October 24th, 2011 | admin
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The Internet Service Providers’ Association of SA (ISPA) has named the management committee for 2011-2012. Marc Furman of Internet Solutions (IS) and Jaap Scholten of eNetworks will lead the management committee as joint chairs, while Mike Silber of Liquid Telecom is the treasurer. Other members of the management committee include Graham Beneke (Neology), David Gentleman (Enyuka Internet Access), Rob Hunter (Neotel), Jenny King (e-Schools Network), Ant Brooks (Future Foundation), Wilmari Hannie (MWEB Connect), and Elaine Zinn (Future Foundation).

Internet Solutions expands presence in East Africa

October 20th, 2011 | admin
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Dimension Data division Internet Solutions (IS) has increased its stake in its Kenyan subsidiary from 51% to 80% as it seeks to further expand its presence in the fast growing East African region. IS initially acquired a 51% stake in Kenyan service provider iConnect in 2005, which was then rebranded Internet Solutions Kenya.
The Kenyan business also serves Tanzania and Uganda. IS has plans to expand into Rwanda, Burundi and South Sudan in the near future and has secured an option to acquire the remaining 20% stake in its Kenyan operation.

FibreCo awards fibre optic network construction contract to technology Giant ZTE

September 23rd, 2011 | admin
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FibreCo Telecommunications (“FibreCo”), a joint venture between Cell C, Convergence Partners and Internet Solutions, announced the awarding of a contract for construction of its nation-wide open-access fibre optic network. FibreCo’s objective is to facilitate affordable and reliable high-speed Internet access for South African citizens and businesses.

Internet Solutions to build state of the art green data centre

September 23rd, 2011 | admin
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Convergence Partners’ investee company, Internet Solutions, is making moves towards an enhanced sustainable data centre model, with the development of its new Tier3 facility in Johannesburg, scheduled for completion in Q4 of 2011. This is the first African facility of its kind to be designed and equipped with the world-class KyotoCooling technology solution for efficient and reliable autonomous cooling for data centres.