Convergence Partners in a buyout of the Datacentrix Group

  • Date: 17-Jan-2024
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
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Convergence Partners in a buyout of the Datacentrix Group

Dubai-UAE – Convergence Partners today announced that its Convergence Partners Digital Infrastructure Fund (CPDIF) has entered into a definitive agreement with Alviva Holdings Limited to acquire 100% of Datacentrix Group. The acquisition is alongside the existing Datacentrix management team that has successfully led the company for over 20 years. Alviva is exiting Datacentrix pursuant to its delisting from the JSE in early 2023, to focus on its core operations in hardware distribution. Terms of the transaction were not disclosed.

The transaction aligns with the CPDIF’s strategy of investing in high growth companies that are leading champions in their field with strong management teams and deep customer and vendor relationships.

Datacentrix provides ICT integration services and solutions to blue chip corporates in South Africa, ensuring their success and sustainability into the digital age. The company’s approach is to partner with its customers, equipping them with valuable insight and assisting them to align their ICT undertakings with their business strategy. Datacentrix offers a deeply specialised skills and is endorsed by the world’s foremost technology partners. The company is recognised for its agility, in-depth industry knowledge, proven capability, and strong overall performance.

Datacentrix will continue to focus on expanding into technologies that delivers business value to