Convergence Partners targets Cameroon with Vodacom Business Africa deal
Convergence Partners, via its African digital service provider platform inq. Holdings (formerly Synergy Communications), has acquired Vodacom Business Africa’s operations in Cote d’Ivoire , Nigeria and Zambia, and plans are in place to extend deal to Cameroon, pending regulatory approval.
Based in Mauritius, inq. Holdings is a pan-African cloud and digital enterprise solutions provider covering Edge AI, SDN/NFV, cloud and intelligent connectivity.
While 100% stakes were acquired, the financial details of the transaction were not made public.
"This represents a further milestone in our journey to create a group serving the enterprise community across sub-Saharan Africa with a uniform high quality of service and consistent product offering,” said Brandon Doyle, CEO of Convergence Partners.
In a statement, Convergence Partners noted that while the acquisition processes in the three African countries have been completed, it plans to extend the deal to Cameroon.
“This landmark transaction grows inq.’s regional footprint as a leading enterprise solutions provider to 13 cities in 7 countries across Africa including its existing operations in Botswana, Malawi and Mozambique,” the company stated.
Under inq., Convergence Partners said Vodacom Business will focus on building a unified pan-African cloud and digital service provider, bringing to market a very relevant suite of next generation technology solutions in the fields of Edge, Artificial Intelligence, NFV and Cloud.
Andile Ngcaba, Chairman of Convergence Partners and Executive Chairman of inq., said: "Through inq., we are able to deliver intelligent connectivity through seamless delivery of cloud and digital services and digital technologies to our clients. As the global thinking is going through a reset because of COVID-19, inq. is ready to provide business continuity to our global and continental and local clients.”
Convergence Partners is a pan-African private equity player with US$300 million of capital under management.