Convergence Partners, a pan-African ICT investor, has the announced the acquisition of a stake in ESRO Limited. Announced at the AfricaCom conference in Cape Town, the deal by extension means that Convergence Partners now has a significant minority stake in ESET East Africa.
ESRO is 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.
(TOP: Alistair Freeman, CEO, ESET East Africa and Director ESRO Limited seen here with an ESET Partner, Geoffrey Gitau of Smart Edge Technologies, at the ESET Kenya end-year cocktail dinner held at the Jacaranda Hotel on November 9, 2017).
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 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 usersin 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.”
Convergence Partners is an ICT–focused private equity player, delivering enhanced investment returns while underpinning Continental development. Convergence Partners has a proven track record of developing new investment opportunities as well as actively adding value to investments across the lifecycle of ICT assets. As impact investors, Convergence Partners brings its skills, experience and capital to accelerate ICT infrastructure development on the Continent, focusing on initiatives that increase availability of communications, broadband services and new technology offerings to the people of Africa.
ESRO Ltd is the official brand operator and distributor for ESET in the Sub-Saharan region, covering 17 countries including Kenya and the broader East African region, with an operational office in Nairobi under the brand ESET Kenya.
For 30 years, ESET has been developing IT security software and services for businesses and consumers worldwide. With solutions ranging from endpoint and mobile security, to encryption and two-factor authentication, ESET’s high-performing, easy-to-use products give consumers and businesses the peace of mind to enjoy the full potential of their technology. Backed by R&D centers worldwide, ESET became the first IT security company to earn 100 Virus Bulletin VB100 awards, identifying every single “in-the-wild” malware without interruption since 2003.