Investment Summary

Convergence Partners Invests In inQuba

On March 18, 2016, private equity firm Convergence Partners invested in internet software and services company inQuba

Investment Highlights
  • This is Convergence Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Convergence Partners’ 1st transaction in South Africa.

Investment Summary

Date 2016-03-18
Target inQuba
Sector Internet Software and Services
Investor(s) Convergence Partners
Deal Type Growth Capital

Target

inQuba

Johannesburg, South Africa
inQuba is a customer experience management and customer engagement Saas provider. inQuba’s Software-as-a-Service platform drives customers to desired outcomes using its proprietary event-driven context mapping, single view of the customer, journey management tools, omnichannel engagement, campaigning, and voice-of-the-customer technology. inQuba was founded in 2010 and is based in Johannesburg, South Africa.

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Investor(S) 1

DESCRIPTION

Convergence Partners is an investment group focused on technology, media, and communications opportunities in Africa. The Firm looks to fund initiatives that increase the availability of communications, broadband services and new technology offerings to the people of Africa. Convergence Partners was formed in 2006 and is based in Johannesburg, South Africa.


DEAL STATS #
Overall 2 of 12
Sector: Internet Software and Services M&A 1 of 2
Type: Growth Capital M&A Deals 1 of 3
Country: South Africa M&A 1 of 4
Year: 2016 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-14 Seacom

Ebene, Mauritius

Seacom provides a full suite of flexible, scalable, and high-quality communications and cloud solutions that enable the growth of the continent’s economy. Seacom was founded in 2009 and is based in Ebene, .Mauritius.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-13 e4

Johannesburg, South Africa

e4 is a technology company offering edge, trusted electronic solutions and services. e4 specializes in the financial services industry, legal and data sectors, and assists organizations to be fully equipped for the future. e4 is based in Johannesburg, South Africa.

Buy -