On 17 January 2024, Datacentrix announced that Convergence Partners, through its Convergence Partners Digital Infrastructure Fund (Convergence), alongside the existing Datacentrix management team, entered into a definitive agreement with Alviva Holdings to acquire 100% of Datacentrix.
The agreement was subject to the fulfilment of conditions and regulatory approval. Datacentrix is pleased to announce that all conditions precedent have been met. The Competition Commission and Independent Communications Authority of South Africa have unconditionally approved the transaction.
“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,” said Andile Ngcaba, Chairman of Convergence Partners.
“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.”
Datacentrix is a leading hybrid ICT systems integrator and managed services provider that drives progress through cutting-edge technology solutions for public and private sector entities on the continent and in the Middle East.
The company addresses clients’ challenges and modernisation requirements in fast-moving business and technology environments. The company’s approach involves partnering with its clients to align their ICT undertakings with their business strategy. It is recognised for its agility, in-depth industry knowledge, proven capability and strong overall performance.
Datacentrix’s mature offering embraces the advances in technology to deliver business value to its clients, including digital transformation, artificial intelligence, connectivity and hybrid technology solutions.
Datacentrix will continue to be led by the experienced management team that has successfully managed the company for many years, both in a listed and unlisted environment. The success of the Group is testament to a management team and employees who are passionate, committed and focused on generating value for all its stakeholders.
“I am thrilled to welcome Convergence Partners to our family and look forward to working with the team to create exceptional business outcomes and to 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,” said Ahmed Mahomed, Group Chief Executive Officer at Datacentrix.
“Datacentrix’s roots are firmly planted in South Africa and has ambitions to continue expanding its reach further into the continent and beyond. 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.”
