Convergence Partners completes acquisition of Vodacom Business Africa’s operations in 4 countries
22 May 2020
The firm has acquired VBA operations in Nigeria, Ivory Coast, Zambia and Cameroon.
inq. Holdings Limited, the pan-African digital services arm of Convergence Partners, has announced the acquisition of operations of Vodacom Business Africa in four countries.
According to a news release by Convergence Partners, inq. Holdings Limited now owns 100 percent of VBA’s operations in West African nations Nigeria and Cote d’Ivoire and in Zambia.
In addition, the firm, formerly called Synergy Communications, is on the verge of completing the acquisition of Vodacom Business Africa’s operations in Cameroon. The latter, however, will be subject to regulatory approval from the country’s authorities.
The acquisition is a major milestone in inq.’s growth in the region, with the additional operations seeing the company cement its place as one of the largest enterprise solutions providers in Africa.
Convergence Partners is now available in 13 cities across 7 countries on the continent. As well as the four countries, inq. Holdings has operations in South African nations of Botswana, Malawi, and Mozambique.
As part of its growth plans, Convergence Partners wants to use inq., to build and provide the African market with cloud and digital service products. The company hopes to avail NextGen technology solutions, including Edge, Artificial Intelligence (AI), Network functions virtualization (NFV), and Cloud.
Convergence Partners CEO Brandon Doyle says that the acquisitions are an opportunity to provide the sub-Saharan Africa community “with a uniform high quality of service and consistent product offering.”
Executive Chairman Andile Ngcaba added that inq., allows the company to offer its clients intelligent connectivity, which it delivers through its cloud and digital services. And with the impact of COVID-19, the firm wants to provide clients with business continuity.