Convergence Partners – an investment management firm focused on the telecommunications, media and technology sector in Africa – today announced the launch of the Convergence Partners Communications Infrastructure Fund (CPCIF), the only infrastructure fund that is dedicated solely to the information and communications technology (ICT) sector in Africa. With a first close of $145 million, it is one of the largest African based infrastructure funds, notwithstanding its single sector focus.
Dimension Data announced it has won two 2012 Microsoft Global Partner awards, including Microsoft Messaging Partner of the Year, and Microsoft Learning Competency Marketing Excellence Partner of the Year. The company was honoured among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.
IFC, a member of the World Bank Group, today announced an equity investment of $35 million in the Convergence Partners Communications Infrastructure Fund to support more rapid development of information and communications technologies across Africa. The fund is expected to play an important development role in Africa, where ICT infrastructure bottlenecks impede the growth of business and companies lack access to finance, especially risk capital and related expertise from investors that can help businesses succeed.
Dimension Data and Internet Solutions have introduced a comprehensive portfolio of cloud computing services across the South African region, offering companies a flexible and cost-efficient new way of procuring computing resources. The companies also announced the launch of its Managed Cloud Platform™ (MCP), a pre-integrated and fully-managed foundation for global cloud delivery, in Johannesburg.
Convergence Partners investee company, Dimension Data has been positioned by Gartner, Inc., in the Leaders Quadrant of the Magic Quadrant for Communications Outsourcing and Professional Services (COPS) report.
Dimension Data, a Convergence Partners investee, received the 2011 South African Excellence in Mergers and Acquisitions (M&A) Strategy Award from Frost & Sullivan.
Dimension Data, according to a recent Frost & Sullivan analysis conducted on the IT services market, have met a number of measurement performance criteria, pertinent to achieving a certain level of excellence, when compared to that of key competitors within the IT industry.
FibreCo Telecommunications (“FibreCo”), a joint venture between Cell C, Convergence Partners and Internet Solutions, announced the awarding of a contract for construction of its nation-wide open-access fibre optic network. FibreCo’s objective is to facilitate affordable and reliable high-speed Internet access for South African citizens and businesses.
Convergence Partners’ investee company, Dimension Data, supported by its partner Telkom has signed a comprehensive Information Technology (IT) outsourcing contract with the Old Mutual Group, to enable its business strategy and improve competitiveness.
The countdown has begun for the launch of the New Dawn satellite tonight. Intelsat has confirmed that everything is so far on schedule for the satellite’s launch aboard an Ariane 5 rocket from the Arianespace Launch Complex in Kourou, French Guiana, at about 23:45 South African time.
The Intelsat New Dawn satellite is owned by a joint venture between Intelsat and a consortium led by Convergence Partners.