Tim Parsonson

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In 1998, Tim Parsonson co-founded Storm in Cape Town, a telecom services provider. Together with his business partner and executive team, they grew Storm to service over 6 000 South African corporates, including listed entities; employing over 170 staff in three national offices. In October 2007, Storm entered into an agreement with a listed SA telecoms provider to purchase Storm. The acquisition was approved by the Competition Commission in January 2008. Integration of the two businesses is complete and Tim no longer has any shareholding or involvement in the Storm business.

In 1990, Tim Parsonson obtained a BA Honours degree in Mathematics from Cambridge University, UK. After graduating from Cambridge, Tim worked as a management consultant for COBA M.I.D. in the UK and USA offices for five years. As a management consultant he was involved in the establishing the company’s USA IT/Telecoms practice. Between 1996 and 1999, Tim Parsonson was business development director and managing director of Long Distance International Ltd., the European division of Long Distance International Inc which grew to operate in six countries. The group was eventually sold to World Access Inc. in 2000.

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Tim Parsonson - updated bio

Tim Parsonson is the Group CEO of Teraco Data Environments, the first provider of vendor neutral data centre facilities in Southern Africa. An accomplished IT entrepreneur, Tim has founded and led a number of successful telecoms businesses.

After graduating from Cambridge with a BA Honours degree in Mathematics, Tim worked for COBA M.I.D. in the UK and USA offices for five years. As management consultant, he was involved in establishing the company’s USA IT/Telecoms practice. Between 1996 and 1999, Tim was business development director and managing director of Long Distance International Ltd, the European division of Long Distance International Inc, which grew to operate in six countries. The group was eventually sold to World Access Inc in 2000.

In 1999, Tim co-founded and led Storm Telecom until Vox Telecom in 2008 bought it for R360m. Seeing a gap in the market for a vendor neutral data centre facility in South Africa, as the country’s telecoms market liberalised, Tim and business partner, Lex van Wyk, in 2009 launched Teraco. With R250-million in funding raised to date, Tim and his team are building up another successful telecoms business.

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