South African technology start-up Snapt has joined forces with Convergence Partners, which is owned by ICT industry veteran Andile Ngcaba. Convergence Partners will invest $1 million (R15 million) growth capital into Snapt. By Staff Writer
Snapt is a global provider of high-end virtualized and cloud-based load balancing, web acceleration and security software. It has been disrupting the market since its launch in 2012 and has achieved astonishing year-on-year growth of 400% in both 2014 and 2015. Snapt has also recently opened its first US offices in Atlanta.
As part of its expansion in the US, Snapt aims to capture a 1 percent share of the $6.5 billion application delivery software market within the next three years.
Since its launch in 2012, Snapt has built a client base of 10,000 customers stretching across 50 countries.
“Load balancing in the network infrastructure and server environment is what differentiates successful companies in the digital domain – and Snapt’s technology solutions give its customers this competitive edge. We are proud to be supporting a leading global tech player like Snapt,” Ngcaba said in a statement.
Snapt offers a start-up package at $55 per month, which includes 24/7/365 service availability and an average response time of three minutes, demonstrating that service excellence and responsiveness are at the heart of the business.
“South Africa has the potential to be a key player in global technology innovations. Snapt’s success is proof that South African technology can lead the way for bright start-ups to disrupt the marketplace in South Africa, the US and globally,” Dave Blakey, CEO of Snapt, said in a statement.