Inq acquires Syrex, adds cloud services in South Africa to edge portfolio

Inq acquires Syrex, adds cloud services in South Africa to edge portfolio

Mauritius-headquartered Inq, a provider of cloud and networking services for edge AI and IoT, has announced plans to expand its footprint into South Africa through the acquisition of Syrex, known for developing hyper-converged cloud technology. The deal’s price was undisclosed

Inq, a Convergence Partners company, has a presence in 16 African cities serving customers across banking, oil and gas industries, FMCG, mining, health, real estate, IT, public sector, and logistics for their digital transformation. The company manages a wide variety of network infrastructures ranging from wireless networks to thousands of kilometers of fiber communication.

“The combination of Syrex and Inq is geared towards deepening our footprint in South Africa to drive hyper-converged and edge services and solutions within one of the most developed ICT markets on the continent both in the Public and the Private Sectors,” says Andile Ngcaba, Executive Chairman, Inq. “Syrex brings to the fold the right qualities that our clients require,” he adds.

Syrex is described as a hyper-converged solutions provider with offerings from connectivity to security and also custom IT services. As a Microsoft Gold and CSP Partner, the company provides a complete Microsoft 365 and Azure product stack. Syrex’s Enterprise Private Cloud Servers are designed on enterprise-grade architecture using standard virtualization engines as the foundation. Syrex also provides enterprise-grade hosting and colocation infrastructure that allow customers to take advantage of the data center security and power redundancy.

As part of security services offerings, Syrex’s partnership with Check Point allows them to provide custom-made next-generation firewall solutions for on-premise and cloud networks. Syrex also works with Mimecast to deliver integrated managed services such as comprehensive cyber defense against email threats.

“The acquisition will bring two strategically aligned businesses together to deliver their technology and services across the African continent.  This will bring a combined offering into the African market to deliver the best technologies available.  We are very excited that our cross-border clients will benefit from Syrex’s strong hyper-converged solutions and Inq’s edge solutions and services. The synergy of our people and cultures will create great opportunities in the future,” said David Herselman, managing director of Syrex.

The deal is subject to customary conditions including approvals by the Competition Authority of South Africa and the Independent Communications Authority of South Africa (ICASA).

Inq’s planned acquisition comes amid a period of increased M&A in the region as well as the financing of new subsea cables and networks that will improve connectivity for the African continent. Equinix recently closed an acquisition of data center provider MainOne. Liquid Intelligent Technologies and managed network provider Unitas Global signed a strategic partnership agreement in 2021 to create Africa’s largest network of interconnected data centers.

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