Interview: Addressing the Six Biggest Cybersecurity Challenges for Enterprise; Approximately US $150,000 worth of Ethereum-based cryptocurrency stolen 0 0. Convergence Partners structured its . set to acquire Syrex. Now with more than US$400m of capital under management, Convergence Partners remains the largest . The Convergence Partners Communications Infrastructure Fund (CPCIF) was launched in 2012 to focus on investments in companies working on next-generation infrastructure projects to provide high-volume data services across the continent. November 10, 2017. Convergence had backed the platform via its second fund, which completed the fundraising process in 2015. The strategic acquisition bolsters an already robust business offering from Syrex to provide innovative, reliable, and industry-leading solutions to the South African market. The firm had marked the first close of the Convergence Partners Digital Infrastructure Fund (CPDIF) in […] The fund is targeting a final size of US$250mn. It has an asset base in excess of US$400 million which it deploys across Southern, East and West Africa through three funds, including the recently-launched . Convergence Partners, leading tech investor in Africa, has entered into an agreement with Inseego Corp. (Nasdaq: INSG) to acquire 100% of Ctrack's operations in Africa and the Middle East. To date the focus has been on Kenya with a recently established ESET Kenya office to ensure the support for local partners is optimized. Learn about Convergence Partners, Venture Capital Funds in Johannesburg, Gauteng South Africa. The fund is targeting a final size of US$250 million. Email . Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa has announced a raise of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at US$120 million. September 4, 2020 0. The fund is targeting a final size of US$250 million. The private equity investor, whose focus is on the technology sector across sub-Saharan Africa, is the largest equity investor dedicated to digital infrastructure . African tech investor Convergence Partners said Thursday it has signed an agreement with Nasdaq-listed Inseego Corp to acquire Ctrack's operations in Africa and the Middle East. Convergence Partners was founded in 2006 and invests as value-adding partners into private equity and infrastructure opportunities in technology and digital sectors across sub-Saharan Africa. Its core focus is . Project Convergence is the Army's contribution to JADC2, like the Air Force's Advanced Battle Management System and the Navy's Project Overmatch. Top Venture Capital Firms In Africa Venture capital is a fast-growing asset class in Africa, with over 20 new, mostly late-stage VC funds launching and… About Investocracy . had acquired Vodacom Business Africa's operations in a few countries including Nigeria, Zambia and Cote d'Ivoire. South Africa; Convergence Partners' company inq. The fund is targeting a final size of US$250 million. CONVERGENCE PARTNERS, a private equity investor focused on the technology sector across sub-Saharan Africa, has announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at US$120 million out of a targeted final size of US$250 million. Physical address. "In the emerging native cloud environment, coupled with edge computing, data is becoming more vulnerable and we have witnessed increased vulnerability of public and private data […] The fund aims to raise $250 million in total. . African technology investor Convergence Partners has roped in another Limited Partner (LP) for its third private equity fund. Holdings Limited now owns 100 percent of VBA's operations in West African nations Nigeria and Cote d'Ivoire . Founded in 2006, Convergence Partners invests as value-adding partners into private equity and infrastructure opportunities in technology and digital sectors across sub-Saharan Africa. The investment whose value has not been disclosed, is the maiden investment for Convergence Partners' third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF).. Project Convergence is the Army's contribution to JADC2, like the Air Force's Advanced Battle Management System and the Navy's Project Overmatch. With its acquisition of a stake in ESRO Ltd, Convergence Partners will now be involved in developing the opportunity for growth for ESET in numerous East African countries. Founded in 2006, Convergence Partners invests as value-adding partners into private equity opportunities in technology and digital infrastructure sectors across sub-Saharan Africa. The Johannesburg-based VC and private equity investor Convergence Partners has secured its $120-million Convergence Partners Digital Infrastructure Fund (CPDIF). Convergence Partners exercised preferential and exclusive rights to acquire the stake as a result of an intra-consortium rebalancing of the holdings of another member of the Ethos consortium through which Convergence Partners is partially invested. The fund is targeting a final size of US$250 million. Vivek Sinha January 18, 2022 0 Convergence Partners, a private equity investor led by Andile Ngcaba focused on the technology sector across Sub-Saharan Africa, has made a second close of its third fund as it moves towards its final target. South Africa. The deal, which must still be approved by the . Convergence Partners was founded in 2006 and invests as value-adding partners into private equity and infrastructure opportunities in technology and digital sectors across sub-Saharan Africa. had acquired Vodacom Business Africa's operations in a few countries including Nigeria, Zambia and Cote d'Ivoire. The firm seeks to acquire majority and minority stakes in companies and also makes impact investments. South African tech investment firm, Convergence Partners, has raised $120 million to drive inclusion in Africa.. Who participated in the round? inq. Dutch entrepreneurial development bank FMO is proposing a $30 million investment in Convergence Partners Digital Infrastructure Fund, managed by Convergence Partners. Convergence Partners has secured its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF), at $120 million. Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, has announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at US$120 million. Find Convergence Partners reviews and more on Altdaq.com - Alternative Asset Exchange. The PE firm, led by Andile Ngcaba, had marked the first close of the third fund earlier this year at $120 million, just […] inq. South African private-equity firm Convergence Partners Investments Ltd. has revealed plans to invest a third of its $250 million ICT fund to develop telecommunication infrastructure in Nigeria and other parts of West Africa. Convergence Partners acquire CTrack Technology investor Convergence Partners has entered into an agreement with Inseego to acquire 100% of Ctrack's operations in Africa and the Middle East. Convergence Partners is a pan-African tech focused private equity player, delivering enhanced investment returns while underpinning Continental development. The private equity investor, whose focus is on the technology sector across sub-Saharan Africa, is the largest equity investor dedicated to digital infrastructure . 06/05/2022. Follow us on LinkedIn . Convergence Partners, a private equity investor focused on the technology sector across Sub-Saharan Africa, is likely to rope in another Limited Partner (LP) for its third fund. . Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, has announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at $120-million. Convergence Partners has backing from several international development finance institutions with the aim of accelerating the digital infrastructure . This will be the maiden investment for its third fund, Convergence Partners Digital Infrastructure Fund (CPDIF). International Finance Corporation (IFC), the private-sector investment arm of the World Bank, is looking to commit $25 million to the Convergence Partners Digital Infrastructure Fund (CPDIF). Convergence Partners was formed in 2018 by experienced venture capital - and operational experts with a vision to establish a venture capital firm that actively supports the internationalisation and market access of European technology innovators to the 4 largest healthcare markets: US, China, India and Germany. Actis and Convergence Partners came together to form the data centre platform in 2020, leveraging off the market leading real estate, power and technology skills of the respective parties. 0 0. Currently, it is the largest private equity fund that focuses on Africa's digital infrastructure with over $400 million of capital under its management. Two years ago, inq. WhatsApp. Now with more than US$400m of capital under management, Convergence Partners remains the largest private equity investor dedicated to digital infrastructure in Africa. CONVERGENCE PARTNERS, a private equity investor focused on the technology sector across sub-Saharan Africa, has announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at US$120 million out of a targeted final size of US$250 million. Read Time: 3 Minute, 22 Second. C onvergence Partners, owned by ICT industry veteran Andile Ngcaba, has secured $20 million or R305 million in funds from the Mineworkers Provident Fund (MWPF).. Convergence Partners' portfolio reflects its commitment to communications access, broadband services and tech offerings in Africa. ESRO Ltd are the ESET distributors for the East African region. Home / Tag: Convergence Partners (Africa) Top Startup & VC lists Top Venture Capital Firms In Africa. The fund is targeting a final size of US$250 million. iSOUTH AFRICA - Specialist ICT investment firm Convergence Partners has acquired Ctrack's operations in Africa and the Middle East from Nasdaq-listed Inseego.. Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, announced the successful first close of its third fund, the Convergence Partners Digital . Now with more than $400-million of capital under management, Convergence Partners remains the […] It has an asset base in excess of $400 million . Convergence Partners, founded in 2006 by businessman Andile Ngcaba, is an investment management firm focused on the technology, media and telecommunications sector in Africa. It has an asset base in excess of $400 million which it deploys across Southern, East and West Africa through three funds - Convergence Partners . . . Holdings Limited, formerly Synergy Communications, has completed the 100 per cent acquisition of Vodacom Business Africa's operations in Nigeria, Zambia and Cote d'Ivoire with a further planned acquisition in Cameroon pending regulatory approvals.. According to a news release by Convergence Partners, inq. Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at US$120mn. 0. Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, has successful closed the first of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at US$120 million. Staff Writer 25 February 2021. Contact Email info@convergencepartners.com Phone Number +230 403 6000 Convergence Partners, founded in 2006, is an investment management firm focused on the telecommunications, media and technology sector in Africa. Convergence Partners, a tech investor in Africa, initially announced in February . 09 Nov 2017. The Convergence Partners Digital Infrastructure Fund (CPDIF) aims to raise a total of $250 million. They have an asset base in excess of $400 million across Southern, East and West Africa through three funds - Convergence Partners Investments . Postal address. Convergence Partners, a private equity firm focusing on the technology industry in Sub-Saharan Africa, has raised USD120 million in the first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF). Dutch entrepreneurial development bank FMO is proposing a $30 million investment in Convergence Partners Digital Infrastructure Fund, managed by Convergence Partners. inq., a Convergence Partner's company, is set to acquire Syrex, a provider of hyperconverged cloud technology solutions in South Africa. ESET Southern Africa is the local distributor and brand operator for leading global internet and endpoint . IFC today announced it invested in a new fund by Convergence Partners Africa, an investment management firm focused on the technology, media and telecom sectors in Africa. Founded in 2006, Convergence Partners is a private equity firm based in Johannesburg, South Africa. DAKAR, Senegal, May 12, 2022/APO Group/ -- The BAL and Envol City to Engage Fans in Senegal Beginning Next Season; top Eight BAL Teams to Compete at BAL Playoffs and Finals in Kigali, Rwanda from May 21-28.The Basketball Africa League (BAL) and Envol City - an innovative real-estate project in the upscale district of Diamniadio in Dakar, Senegal - today announced a multiyear partnership . Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, has successful closed the first of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at US$120 million.. Twitter. March 10, 2021. Convergence Partners provides funding for ICT infrastructure development in Africa. This landmark transaction grows inq.'s regional . Technology and Telecoms Industry News for Africa & Middle East. It will be managed by Convergence Partners Africa Ltd and advised by Convergence Partners Management Proprietary Ltd. Convergence Partners Group was formed in 2006 by four partners—Andile Ngcaba, Brandon Doyle, Stefan Ferreira and Idan Segal. Convergence Partners, a leading tech investor in Africa, has entered into an agreement with Inseego Corp. (Nasdaq: INSG) to acquire 100% of Ctrack's operations in Africa and the Middle East. Rockville, MD, USA, May 12, 2022 (GLOBE NEWSWIRE) -- The Regulatory Affairs Professionals Society (RAPS) today wrapped up the final day of its Euro Convergence 2022 conference, which took place . Convergence Partners has recently acquired a significant minority stake in ESET Southern Africa, a local distributor and brand operator for leading global internet and endpoint security software vendor ESET. Tim Parsonson, former co-founder and CEO of Teraco Data Environments, the largest carrier neutral operator in Africa, is chair of the Board. The Convergence Partners Digital Infrastructure Fund (CPDIF) is targeting a final size of US$250 million.. Holdings Limited, the pan-African digital services arm of Convergence Partners, has announced the acquisition of operations of Vodacom Business Africa in four countries. Two years ago, inq. The fund is targeting a final size of US$250 million. Convergence had backed the platform via its second fund, which completed the fundraising process in 2015. This will be the maiden investment for its third fund, Convergence Partners Digital Infrastructure Fund (CPDIF). Convergence Partners Investments (Convergence Partners) - an investment firm focused on the TMT sector in Africa - has exited its investment in specialist IT services and solutions company, Dimension Data Middle East & Africa (DiData). a portfolio company of Convergence Partners plans to acquire Syrex, a South African provider of hyperconverged cloud technology solutions as part of plans to expand its footprint across the continent. Convergence Partners | 1,493 followers on LinkedIn. A ndile Ngcaba-led investment firm Convergence Partners has been granted regulatory approval to acquire Ctrack. It has over $300 million in assets under management. Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at US$120 million.The fund is targeting a final size of US$250 million. Brandon Doyle was one of Convergence's founding partners and has been running the business since its inception. . Africa-focused investment management firm Convergence Partners and Stockdale Street—a firm representing the Oppenheimer family's South African private equity portfolio—have acquired 100 percent of South Africa-based software-as-a-service platform e4. Convergence Partners has secured its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF), at $120 million. April 14, 2016. WHO WE ARE; . Convergence Partners announced that its pan- African digital service provider platform, inq. The investment was done through Convergence Partners Digital Infrastructure Fund. Pan-African ICT investor, Convergence Partners and ESRO Limited have announced at the just concluded, annual AfricaCom conference in Cape Town, a recently concluded acquisition of a significant minority stake in ESET East Africa by Convergence Partners. By Tom Jackson on July 26, 2021 The Johannesburg-based Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, has announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF), at US$120 million. Africa remains by far the most underserved . The fund is targeting a final size of US$250 million. In the past 15 years, the company has invested in submarine cable systems, geostationary satellites, terrestrial long-haul, metro and access fibre, wireless networks and data centres. 3rd Floor 30 Jellicoe Avenue Rosebank, 2196 Johannesburg South Africa. This is the maiden deal from the firm's third fund, Convergence Partners Digital Infrastructure Fund (CPDIF), the private equity investor said in a statement. Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, has announced the successful first close of its third fund, the Convergence Partners . Source: Convergence Partners. The company focuses on enhancing Sub-Saharan Africa's technology sector. The investment company now has more than US$400 million of capital under management.. Investors in CPDIF include the CDC Group (the UK . We have a proven track record of developing new investment opportunities as well as active adding value to investments across the lifecycle of tech assets. The fund is targeting a final size of US$250 million. Founded in 2006, Convergence Partners invests as value-adding partners into private equity opportunities in technology and digital infrastructure sectors across sub-Saharan Africa. Convergence Partners was founded in 2006 and invests as value-adding partners into private equity and infrastructure opportunities in technology and digital sectors across sub-Saharan Africa. The investment will strengthen broadband infrastructure and improve online access to digital services for individuals and businesses in more than 12 countries in sub-Saharan Africa. Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at US$120 million. SOUTH AFRICA - Convergence Partners, the private equity investment firm has announced the first close of its third fund after raising US$120 million.. It primarily invests in South Africa but also in Nigeria, the rest of Africa, and the Middle East. Facebook. The fund is targeting a final size of US$250 million. Africa remains by far the most underserved . Vivek Sinha. At the annual AfricaCom conference in Cape Town, South Africa pan-African ICT investor, Convergence Partners and 4Di Group announced a . It has an asset base in excess of $400 million . Andile Ngcaba, founder and Chairman of Convergence Partners. Its track record reflects the team's capacity to add value across the investment lifecycle. Convergence. The fund is targeting a final size of $250-million. Africa remains by far the most underserved region in terms of broadband and digital technology access. At the annual AfricaCom conference today, pan-African ICT investor, Convergence Partners and 4Di Group announced a recently concluded acquisition of a significant minority stake in ESET Southern Africa by Convergence Partners. Technology investment group, Convergence Partners, has entered into an agreement with Inseego Corp to acquire 100% of Ctrack's operations in Africa and the Middle . Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, has announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at US$120 million. Linkedin. CDC Group the UK's development finance institution, the United States International Development Finance Corporation (DFC), the European Investment Bank (EIB), the International Finance Corporation (IFC) and Proparco — private sector arm of the . Convergence Partners is an impact investment management firm focused on the telecommunications, media and technology sector in Africa. Convergence Partners first invested in DiData in 2004 as part of the original DiData B-BBEE transaction and . Now with more than US$400m of capital under management, Convergence Partners remains the largest . To strengthen broadband infrastructure and improve online access to digital services for individuals and businesses in more than 12 countries in sub-Saharan Africa, International Finance Corporation (IFC), the private sector financing arm of the World Bank group, has announced that it invested in a new fund by Convergence Partners Africa, an investment management firm focused on the technology . The transaction will be the maiden investment for its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF). Convergence Partners plans to spend at least a third of the fund in West Africa with the bigger slice of the regional . Cape Town, 8 November 2017 ‚Äì At the annual AfricaCom conference today, pan-African ICT investor, 4Di Group announced a recently concluded acquisition of a significant minority stake in ESET Southern Africa by Convergence Partners.ESET South Africa is the local distributor and brand operator for leading global internet and endpoint security software vendor ESET, for the Southern African . Welcome to Piranha. Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, has announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at US$120 million. Postnet 232, Pvt Bag X11 Tel: +27 11 550 5320 . Read Time: 3 Minute, 22 Second. 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