Convergence Partners

Convergence Partners, established in 2006 and based in Johannesburg, South Africa, is an investment management firm specializing in the telecommunications, media, and technology (TMT) sector across Africa. The firm actively develops and manages investment opportunities, focusing on both majority and minority stakes in companies within this sector. As an impact investor, Convergence Partners aims to stimulate investment capital to enhance communications access and ICT infrastructure on the continent. The firm has been instrumental in significant African ICT infrastructure projects, including SEACOM, the first undersea fiber system serving East Africa, and New Dawn, the first African private sector communications satellite. Convergence Partners’ founders possess extensive experience in pan-African private equity, emphasizing investments that yield strong returns while contributing to the broader development of the region.

Craig Beney

COO

Brandon Doyle

CEO and Founding Partner

Uchenna Enebeli

Vice President

Stefan Ferreira

CFO and Founding Partner

Adebayo Kazeem

Principal and Head of West Africa

Jarryd Kenedy

Vice President

Ruveshan Moodliyar

Principal

Andile Ngcaba

Chairman and Founding Partner

Idan Segal

Founding Partner and Chief Investment Officer

Craig Wilson

Partner

Past deals in Southern Africa

Ctrack

Acquisition in 2021
Ctrack is a seasoned provider of vehicle tracking solutions with over 24 years of experience in developing effective fleet management services. As a subsidiary of DigiCore Holdings, Ctrack operates a telematics digital infrastructure platform that serves enterprises primarily in Africa and the Middle East. The company offers a comprehensive software-as-a-service (SaaS) platform that includes features such as vehicle and asset tracking, routing and scheduling, and camera systems, as well as stolen vehicle response services. Ctrack's advanced technology is utilized in nearly 430,000 vehicles across 32 countries on five continents, supporting clients in managing their connected vehicles and assets efficiently.

Snapt

Series A in 2018
Snapt, Inc. develops frontends for open source server software. It offers Snapt Framework that is used as an interface for Linux and BDS; Snapt Squid, a frontend ROI solution that records reports and provides access control solutions to businesses; Snapt HAProxy, a load balancing solution; and Screencasts. Snapt, Inc. was incorporated in 2011 and is based in Johannesburg, South Africa.

Comsol Networks

Private Equity Round in 2016
Comsol Networks is a leading provider of layer 2 open access solutions in South Africa, focused on delivering high-speed, reliable carrier-grade access to major telecommunications companies, carriers, and service providers. Based in Midrand, the company specializes in both fiber and licensed wireless applications, facilitating open access coverage across various sectors, including retail, financial services, mining, education, and public services. Comsol has established the country's first medium-agnostic, enterprise-grade layer 2 open access network, ensuring guaranteed, dedicated connectivity in over 200 metropolitan areas and towns. By prioritizing quality and dependability, Comsol aims to meet the growing demand for connectivity, supporting both local and regional expansion efforts.

Snapt

Seed Round in 2016
Snapt, Inc. develops frontends for open source server software. It offers Snapt Framework that is used as an interface for Linux and BDS; Snapt Squid, a frontend ROI solution that records reports and provides access control solutions to businesses; Snapt HAProxy, a load balancing solution; and Screencasts. Snapt, Inc. was incorporated in 2011 and is based in Johannesburg, South Africa.

e4

Acquisition in 2016
e4 Strategic (Pty) Ltd. is a technology company based in Johannesburg, South Africa, with additional offices in Durban, Pretoria, Cape Town, and Namibia. Founded in 2006, the company specializes in providing electronic solutions and services tailored to the needs of various sectors, including government, financial institutions, law firms, credit bureaus, and retail. e4 offers a range of products, including document generation technologies, online document management solutions, secure document storage applications, and tools for managing debt reviews and legal processes. Key offerings include DocFusion, Stordoc, VaultWorks, and ProSign, among others. The company also provides enterprise workflow applications, e-signature solutions, and a comprehensive e-learning platform. With a focus on customized solutions, e4 assists organizations in their digital transformation journeys, enhancing operational efficiency and compliance through innovative technology.

Vumatel

Venture Round in 2015
Vumatel (Pty) Ltd. supplies high-speed broadband connectivity to homes primarily in the suburbs of South Africa. The company offers data, IPTV, and VOIP services from various providers. It installs and operates an open access fiber network that supports a host of new services, such as downloading latest movies, games, and music; streaming live HDTV; calls over the Internet; working from home; video conferencing; and home security through monitoring and other services. The company was founded in 2014 and is based in Randburg, South Africa.

Synergy Communications

Venture Round in 2014
Synergy Communications identifyies best qualities from various operations and where potential lies within the telecommunications industry.

Comsol Networks

Private Equity Round in 2014
Comsol Networks is a leading provider of layer 2 open access solutions in South Africa, focused on delivering high-speed, reliable carrier-grade access to major telecommunications companies, carriers, and service providers. Based in Midrand, the company specializes in both fiber and licensed wireless applications, facilitating open access coverage across various sectors, including retail, financial services, mining, education, and public services. Comsol has established the country's first medium-agnostic, enterprise-grade layer 2 open access network, ensuring guaranteed, dedicated connectivity in over 200 metropolitan areas and towns. By prioritizing quality and dependability, Comsol aims to meet the growing demand for connectivity, supporting both local and regional expansion efforts.

Skyband Corporation

Private Equity Round in 2014
Skyband Corporation is a communications service provider in Malawi. With over 14 years of experience in the Internet Service sector, Skyband has evolved from a dial-up ISP in 2000 to the Market Leader in the Communications & Internet Service provision sector in Malawi. Skyband provides a full range of innovative Internet services and products, including 4G, MPLS, VPNs, Internet hardware and Public Wifi Hotspots. Skyband also offers its own diverse Metro Fibre in Lilongwe and Blantyre, International routes and Points of Presence (POPs) in London and Johannesburg over multiple diverse paths. Skyband has a team of highly dedicated and experienced professionals aimed solely at providing you with the best possible services and support in Malawi. With Innovative and technologically advanced solutions, that cater to the customer’s needs. Skyband Continues to cement its presence in Malawi as, Malawi’s Leading Communications and Internet Service Provider.

FibreCo

Private Equity Round in 2014
FibreCo is a South African company that specializes in providing bespoke connectivity solutions tailored to the needs of wholesale and enterprise clients, including government and carrier customers. The company operates a national open-access infrastructure that enables clients to benefit from high-quality, ultra-fast fibre-optic networks at a reduced cost compared to deploying their own infrastructure. FibreCo offers a range of services, including end-to-end fibre and licensed wireless connectivity solutions, as well as telecom, network, infrastructure, and cloud services. This approach allows clients to access and deliver a wider variety of high-speed products to their customers using a single, shared network.

Bloodhound

Private Equity Round in 2013
Bloodhound Technologies (Pty) Ltd. specializes in developing and commercializing real-time personnel tracking solutions tailored for various operating environments. The company offers a suite of products, including the Bloodhound Mobile System for real-time monitoring, the Bloodhound Static Reader that serves as a base station with an active RFID component, and the Bloodhound Active Identification Card, which facilitates identification and data transmission. Additionally, the Bloodhound Server utilizes existing network infrastructure, while the Bloodhound User Software provides a visual representation of personnel movements and identities in real time. Bloodhound's platform is designed to enhance workforce management, ensuring productivity and compliance across sectors such as security guarding, healthcare, transport, and facilities management. Founded in 2004 and headquartered in Cape Town, South Africa, Bloodhound is committed to delivering effective tracking and management solutions for mobile personnel and high-value assets.

GameZBoost

Series A in 2008
GameZBoost specializes in providing customizable white label gaming platforms for publishers worldwide. Their offerings include comprehensive online desktop solutions and fully responsive mobile and social platforms. GameZBoost's platforms support game integration for publishers, enabling them to reach a broad audience across 16 countries and in 12 languages. The company focuses on delivering online casual games, particularly in the realms of social networking, online multiplayer experiences, and mobile gaming. Additionally, GameZBoost provides Game Studios with the tools necessary to integrate their games into these platforms, allowing for immediate access to a global audience.

Dimension Data

Post in 2004
Dimension Data is a global technology services provider that helps organizations navigate the digital landscape. As part of the NTT Group, the company specializes in digital infrastructure, hybrid cloud solutions, modern workspaces, and cybersecurity. With a workforce of 31,000 employees and operations in 58 countries, Dimension Data generated a turnover of USD 7.5 billion. The firm focuses on technology modernization, digital acceleration, and consulting services, enabling clients to enhance the performance of their communications and collaboration tools. Additionally, Dimension Data is recognized for its role as the Official Technology Partner of Amaury Sport Organisation, which organizes the Tour de France, and as the title partner of Team Dimension Data for Qhubeka.
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