inq., a Convergence Partners company, has received Competition Commission approval without conditions to acquire Syrex, a provider of hyperconverged cloud technology solutions in South Africa. The strategic acquisition bolsters an already robust business offering from Syrex to provide innovative, reliable and industry-leading solutions to the South African market.
This follows the announcement at the end of May this year that inq., a leading-edge computing company, has reached an agreement to acquire Syrex for an undisclosed amount.
Syrex is a hyperconverged solutions provider that delivers the full ICT services offering, from connectivity to security and tailored IT managed services. Furthermore, Syrex holds an ECS/ECNS licence from ICASA. Syrex is a well-established solutions provider with partnerships such as Microsoft (Gold), Mimecast (MSP) and Checkpoint (4 star).
According to the Competition Commission, the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets. It further found that the proposed transaction does not raise any public interest concerns.
“The acquisition will bring two strategically aligned businesses together to deliver their technology and services across the African continent. This will bring a combined offering into the African market to deliver the best technologies available. We are very excited that our cross-border clients will benefit from Syrex’s strong hyperconverged solutions and inq.’s edge solutions and services. The synergy of our people and cultures will create great opportunities into the future,” said David Herselman, Managing Director, Syrex.
With a presence in nine countries, this strategic acquisition will see inq. expand its coverage to the South African market to ultimately facilitate and operate its African divisions and integrate edge computing solutions across the continent. Edge services are increasingly critical to digital transformation and fundamental to enterprises across the public sector and private sectors (banking, financial services and insurance (BFSI), oil and gas, mining, FMCG, etc).
Speaking about the acquisition, Andile Ngcaba, Executive Chairman of inq., said: “The combination of Syrex and inq. is geared towards deepening our footprint in South Africa to drive hyperconverged and edge services and solutions within one of the most developed ICT markets on the continent both in the public and the private sectors. Syrex brings to the fold the right qualities that our clients require.”
Syrex
Established in 1995 by specialising in the installation and support of Linux, Microsoft, and subsequently virtualised and hybrid network infrastructures, Syrex has evolved into a hyperconverged solutions provider that delivers the full ICT services offering from connectivity through to security and tailored IT support.
Syrex has a range of support services and products, which includes connectivity (VoIP, fibre, wireless and VPN), cloud (Office 365, virtualisation, hosting, backup, and archiving), security (firewall, VPN, and security management), sales of both hardware and software, and comprehensive remote managed on and off-site support.
inq.
inq. is a Convergence Partners company, and is the number one edge computing technology company in Africa founded to provide innovative, customized, and business-relevant digital services on the edge. inq. connects over 1,200 of the continent’s largest and leading corporations in 9 countries. The company is prominent for its innovative IP and business-rendering solutions and services such as Edge AI and IoT, Fabric, SDN/NFV and Elastic Edge. As Africa’s leading Edge solutions provider, the company continues to invest and expand its footprints on the continent.
For more information:
Tolulope Aribisala – LSF PR
email: ToluA@lsfpr.com
Duncan Pie - Group COO - inq.
email: comms@inq.inc
Article source: https://bit.ly/3uRXHEB
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