Inq expands into South Africa with Syrex acquisition

Inq, a leading Edge technology company, has made a significant move by acquiring 100% of Syrex, a prominent provider of hyperconverged cloud technology solutions in South Africa. Andile Ngcaba, the Executive Chairman at Inq, spoke to CNBC Africa about the details of this strategic acquisition. The synergies between Inq and Syrex are poised to revolutionize the digital landscape in Africa, offering a comprehensive suite of cloud, edge, and security services to clients across various industries. Syrex, with its extensive experience of over 25 years and a team of over 100 professionals, brings a wealth of knowledge and expertise in hyperconverged technologies. By combining forces with Inq, which operates in multiple African countries including Nigeria, Cameroon, Zambia, Malawi, Mozambique, and more, the companies aim to provide cutting-edge solutions that cater to the evolving needs of businesses in the region. Ngcaba highlighted the significance of this acquisition, emphasizing the complementary nature of cloud computing, edge technology, and hyperconverged solutions in driving digital transformation across industries. He noted that in today's dynamic business environment where hybrid models are prevalent, the combined offering of Inq and Syrex will enable clients to deliver seamless digital experiences to their customers. Furthermore, Ngcaba underscored the financial implications of the deal, stating that it is expected to significantly boost Inq's revenue streams. With a strong presence in Nigeria and West Africa, the addition of Syrex's operations in South Africa will further enhance Inq's market positioning in the region. The expansion into East Africa is also on the horizon, completing Inq's footprint across key African markets. Inq's edge platform, underpinned by advanced technologies such as cloud computing and edge AI, is set to be augmented by Syrex's capabilities in hyperconverged infrastructure and security services. This collaborative approach will enable Inq to offer a comprehensive portfolio of services to clients, empowering them to navigate the complexities of the digital age with confidence. The leadership teams of both companies are optimistic about the prospects that this acquisition brings. With a shared vision of becoming a leader in edge and hyperconverged technologies in Africa, Inq and Syrex are poised to unlock new opportunities and deliver unparalleled value to their clients. As businesses across the continent continue to prioritize digital transformation, the partnership between Inq and Syrex is expected to be a game-changer, setting a new benchmark for innovation and excellence in the African tech industry.