Convergence Partners buys out Datacentrix

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 77%

Business Business Headlines News

'We're very excited about this acquisition. This is a great platform for us to overlay these new artificial intelligence applications that are needed by almost every sector of the economy,' says Convergence chair Andile Ngcaba.

You can also listen to this podcast on iono.fm here. ADVERTISEMENT CONTINUE READING BELOW JIMMY MOYAHA: Convergence Partners has met the conditions that by the Competition Commission … for the deal … to acquire Datacentrix from Alviva. Those conditions have all gone through and there’s been an unconditional approval from the Competition Commission, as well as from the Independent Communications Authority, Icasa, which is allowing the acquisition or the takeover to take place.

And they have good relations with top OEMs in the world like HPE . Being a leading partner of HPE in Africa, they have been one of the most experienced leaders in this ecosystem of ours that has been running this business for years under Ahmed Mahomed. They’ve got great clients in banking, financial services, insurance, service providers, mobile companies, mining, oil and gas.

JIMMY MOYAHA: Speaking of great assets, Andile, I want to look at you as an ICT professional. Last time we spoke we touched on the fact that you’ve got more than 30 years of experience in the space, in the ICT space.

If you do not understand these generations of technology basically, you will definitely miss out. If you take the entire GPU architecture in data centres, we talk about H100s today but Nvidia is launching Blackwell which is again a super machine that is really going to come up with human – what is called HAI – not more ‘generative AI’. And this is something that is real.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Regulators approve Convergence Partners acquisition of DatacentrixBoth ICASA and the Competition Commission have given their approval for Convergence Partners to buyout Datacentrix.
Source: htxtafrica - 🏆 42. / 51 Read more »

Convergence gets green light to buy DatacentrixBoth Icasa and Competition Commission have approved Convergence Partners' acquisition of Datacentrix unconditionally.
Source: TechCentral - 🏆 8. / 71 Read more »

Inq. enables Mimecast peering with NAPAfrica IXP communityThe Convergence Partners company is providing Mimecast with the services needed to peer at NAPAfrica in Teraco Isando.
Source: ITWeb - 🏆 45. / 51 Read more »