Convergence Partners acquires Stake in ESET East Africa
Acquisition to accelerate growth opportunities for ESET in Kenya.
Pan-African ICT investor, Convergence Partners and ESRO Limited announced at the annual AfricaCom conference in Cape Town, a recently concluded acquisition of a significant minority stake in ESET East Africa by Convergence Partners.
ESRO Ltd are the ESET distributors for the East African region. With its acquisition of a stake in ESRO Ltd, Convergence Partners will now be involved in developing the opportunity for growth for ESET in numerous East African countries. To date the focus has been on Kenya with a recently established ESET Kenya office to ensure the support for local partners is optimized.
“In the emerging native cloud environment coupled with edge computing, data is becoming more vulnerable and we have witnessed increased vulnerability of public and private data repositories to cyber threats and attacks. Cyber security solutions like that offered by ESET are a critical line of defense. We are excited to partner with ESET in this journey,” said Andile Ngcaba, founder and Chairman of Convergence Partners.
The benefits of the new relationship with Convergence Partners will be impactful for ESET Kenya, as their recent entry into the local market will be backed by the established Pan-African presence which Convergence Partners brings to the partnership.
“We are delighted to welcome Convergence Partners as key new shareholders to our business. With a strong emphasis on channel and relationships, we share a vision on growing local cyber security skills in Kenya and together will further develop the ESET brand and distribution opportunities in East Africa. In particular, their portfolio of investments in telecommunications and value-added services offer an important distribution vector for us in these countries,” said Alistair Freeman, director of ESRO Ltd.
The ESET range of multi-award-winning security software has been distributed in the Southern African region as a recognized brand for 15 years. Emphasis has always been placed on top quality customer service and channel support, underpinned by ESET’s strong brand and reputation for excellent products.
Miroslav Mikus, Sales and Marketing Director for Europe, Middle East and Africa at ESET said “We welcome Convergence Partners aboard ESET’s business in Southern Africa – a market which has long been our strongest presence on the African continent. We look forward to continue winning the trust of users in East Africa with the best quality cyber-security protection and the help of both Convergence Partners and ESET East Africa to increase the market share of our products.”