Derrick
ლ(ಠ_ಠ )ლ
- Joined
- Nov 22, 2010
- Messages
- 5,085
- Reaction score
- 5
ConvergeNet was established in 2005 to address the growing need for convergence solutions in the ICT industry. The team identified the need for these solutions in emerging markets, specifically relating to multi-disciplinary products, solutions and services. As a first step, the company acquired a cash shell called Vestor Investments Limited listed on the Johannesburg Stock Exchange in February 2007.
Several strategic acquisitions were concluded that were reversed into the listed company. The name of the company was changed to ConvergeNet Holdings Limited to reflect the company's focus on ICT Infrastructure and the industry's driving force towards convergence.
Some of the major acquisitions were the Sizwe Africa IT Group; Structured Connectivity Solutions; Telesto Communications; Contract Kitting and ConvergeNet SA. The latter was renamed as Navix. Each of these companies enjoys a strong market position with the required specialisation and customer focus.
Several strategic acquisitions were concluded that were reversed into the listed company. The name of the company was changed to ConvergeNet Holdings Limited to reflect the company's focus on ICT Infrastructure and the industry's driving force towards convergence.
Some of the major acquisitions were the Sizwe Africa IT Group; Structured Connectivity Solutions; Telesto Communications; Contract Kitting and ConvergeNet SA. The latter was renamed as Navix. Each of these companies enjoys a strong market position with the required specialisation and customer focus.