ASI Financial Services, a leading Level 1 B-BBEE Financial Services and Private Equity Investment company, is pleased to announce a strategic equity partnership with Converged Group, a forward-thinking telecommunications and connectivity service provider.
This strategic acquisition marks a significant milestone for the ASI Group of companies, enhancing technological and connectivity capabilities while broadening business-to-business service offerings.
Converged Group, known for its expertise in technical design and voice consultancy, will seamlessly integrate with ASI Connect’s mission of connecting clients to their purpose and their customers.
Anthony Govender, Founder and Chief Visionary of ASI said, “We are excited to welcome Converged Group into the ASI Group of companies. This acquisition aligns perfectly with our vision of building a holistic business services group of companies and a world-class connectivity business, leveraging innovative technology and strong technical competencies to provide holistic solutions to the corporate sector. By combining our strengths with those of Converged Group, we aim to enhance the value we offer to our clients and drive meaningful, sustainable change within the ICT sector.”
He adds that, “Our significant cash investment in Converged Group demonstrates our commitment to B-BBEE and aims to bolster competition in a market that has seen little disruption or new entrants over the last decade.”
The acquisition is said to enhance ASI Connect’s technological expertise by merging Converged Group’s capabilities with those of Interconnect Systems and PowerConnect, allowing for comprehensive connectivity solutions. Ultimately, this move strengthens ASI’s market position as a leader in the business services sector, reinforcing its commitment to innovation, client excellence, and transformation.
Bryant Dennis, CEO of Converged Group, said “We are thrilled to join forces with the ASI Group. This partnership will allow us to leverage ASI’s extensive client network and business expertise to enhance our service offerings and deliver even greater value to our clients. Together, we are well-positioned to meet the evolving needs of South African corporates, drive innovation in the connectivity sector, and advance transformation and empowerment in our industry.”
