Convergence Partners is a private equity firm founded in 2006. The company was established in Africa in South Africa. It is primarily based in Johannesburg, South Africa. The current fund was established by Andile Ngcaba, Brandon Doyle, Eric Di Benedetto, Idan Segal, Russ Irwin, Stefan Ferreira.
Datacentrix, a recent acquisition by Convergence Partners
Investment Focus and Strategy
Convergence Partners invests as value-adding partners into private equity and infrastructure opportunities in technology and digital sectors across sub-Saharan Africa. The main department of described VC is located in the Johannesburg.
The firm primarily invests in companies based in South Africa and United States. Its portfolio is spread across a wide range of sectors from Telecom to Enterprise Applications. The usual cause for the fund is to invest in rounds with 2-3 partakers. Deals in the range of 10 - 50 millions dollars are the general things for fund. The average startup value when the investment from Convergence Partners is 50-100 millions dollars. Besides, a startup needs to be aged 6-10 years to get the investment from the fund.
We can highlight the next thriving fund investment areas, such as Service Industry, Information Services. Among the most popular portfolio startups of the fund, we may highlight CSquared, Snapt, Vectiv.
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Craig Wilson - Principal at Convergence Partners
Portfolio Overview
As of Oct 2025, Convergence Partners has a portfolio of 44 companies, comprising 41 funding rounds and 3 acquisitions. Here is the portfolio snapshot of Convergence Partners:
Investments by Year
The maximum number of investments were made in 2023.
Acquisitions by Year
The maximum number of acquisitions were made in 2024.
Portfolio by Location
Companies are primarily in South Africa and United States.
Portfolio by Sector
Companies are primarily in Telecom.
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Key Acquisitions
Convergence Partners has acquired 3 companies. Their most recent acquisition was of Datacentrix on Jan 17, 2024. Here are the most recent acquisitions by Convergence Partners:
| Acquisition Date | Company | Short Description | Founded Year |
|---|---|---|---|
| Jan 17, 2024 | Datacentrix | Provider of AI based consulting, data management and web development services | 1994 |
| Feb 21, 2021 | Ctrack | Provider of fleet management products and solutions for the insurance sector | 1985 |
| May 15, 2023 | E4Loan | Loan life cycle management solutions for mortgage lenders | 2000 |
Earlier this year, South African ICT company Datacentrix announced that Convergence Partners, through its Convergence Partners Digital Infrastructure Fund, alongside the existing Datacentrix management team, entered into a definitive agreement with Alviva Holdings to acquire 100% of Datacentrix. The agreement was subject to the fulfilment of conditions and regulatory approval. Datacentrix has now announced that all conditions precedent have been met.
Datacentrix is a hybrid ICT systems integrator and managed services provider that offers technology solutions for public and private sector entities on the continent and in the Middle East.
Andile Ngcaba, chairman of Convergence Partners added, “We are delighted to be part of Datacentrix, one of the leading system integrators in South Africa. We are excited to embark on this journey towards artificial intelligence with Datacentrix. We are entering Datacentrix at a time when the market is transitioning towards an AI driven enterprise, telco and public sector. With Datacentrix’s strong partnerships with leading global OEMs we will be forging new partnerships as the market consolidates.”
Co-investors and Partnerships
A lot of funds co-invest with Convergence Partners, with names like Google Ventures sharing a substantial percentage of its portfolio. The meaningful sponsors for the fund in investment in the same round are Weber Capital, San Francisco Equity Partners, vSpring Capital. In the next rounds fund is usually obtained by vSpring Capital, Weber Capital, San Francisco Equity Partners.
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Over the past 25 years, 36 investors have co-invested in Convergence Partners's portfolio companies. Here is a list of top co-investors of Convergence Partners: 36 investors entered a company along with Convergence Partners.
Team and Leadership
Convergence Partners has a team of 16 people, including 7 partners. Convergence Partners' team does not sit on the board of any company as of now.
Impact and Future Outlook
IFC's equity investment of $25 million in Convergence Partners' Digital Infrastructure Fund will promote improved digital connectivity and access to digital services by investing in independent operators and service providers in sub-Saharan Africa. Increased broadband connectivity supports economic growth, job creation, and quality of life. Connectivity is at the foundation of 4IR. Internet access in Africa relies largely on mobile networks.
Andile Ngcaba, chairman of Convergence Partners, noted that Africa is ready for high throughput pervasive fibre networks, independent hyperscale data centers, edge, AI, 5G and IoT.
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