Edge computing and Convergence Partner’s company inq., has announced that it has reached an agreement to acquire Syrex, a provider of hyperconverged cloud technology solutions in South Africa, for an undisclosed amount.
According to a statement, the agreement is subject to customary conditions including approvals by the Competition Authority of South Africa and the Independent Communications Authority of South Africa (ICASA).
The strategic acquisition bolsters an already robust business offering from Syrex to the South African market.
Syrex delivers full ICT services, from connectivity to security and tailored IT Managed Services. The company holds an ECS/ECNS licence from ICASA and is a well established solutions provider with partnerships such as Microsoft (Gold), Mimecast (MSP) and Checkpoint (4 star).
David Herselman, Managing Director at Syrex said, “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 .”
With a presence in 9 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, added the statement.
The acquisition comes at a time when edge services are increasingly becoming 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 and more)
Also commenting on the acquisition, Andile Ngcaba, Executive Chairman, 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.”