inq., a Convergence Partners company, has announced that it is set to acquire Syrex, a South African provider of hyper-converged cloud technology solutions. The acquisition deal will only be finalized once the Independent Communications Authority of South Africa (ICASA) and the Competition Commission of South Africa grant approval.
Neither company disclosed the amount of the acquisition but did state that inq. will be acquiring 100% of Syrex.
“The combination of Syrex and inq. is geared towards deepening our footprints in South Africa to drive hyper-converged 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," said Andile Ngcaba, Executive Chairman, inq.
Expanding IT services into South Africa
Incorporated in Mauritius and with a presence in over nine countries, the acquisition of Syrex will see inq. expand its coverage to the South African market. With a global footprint of over 1200 customers in more than nine countries, the deal will establish a solid presence in South Africa to add to inq.’s points of contact in 12 African cities. In 2020, inq. acquired Vodacom Business Africa’s operations in Nigeria, Cote d’Ivoire, and Zambia.
Syrex was founded in 1995 when it specialized in the installation and support of Linux, Microsoft, and subsequently virtualized and hybrid network infrastructures. The South African IT company has since evolved into a hyper-converged solutions provider that delivers the full ICT services offering from connectivity through to security and tailored IT support.
“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 hyper-converged solutions and inq.’s edge solutions and services,” said David Heserlman, Managing Director, Syrex.
— By Tefo Mohapi