Proparco, the private-sector arm of the French Development Agency, and 27four Investment Managers, a leading South African asset manager, have announced their partnership to support Diverscity, a South African company that provides IT infrastructure and software solutions. Through this collaboration, Proparco and 27four aim to facilitate Diverscity’s expansion in South Africa and contribute to the inclusive growth of the local IT industry.
Diverscity was founded in 2004 by a diverse group of professionals with diverse backgrounds and experiences. The company specializes in providing IT infrastructure and software solutions to businesses, with a focus on delivering high-quality and innovative solutions. Diverscity’s clients include multinational corporations, financial institutions, and government entities.
Proparco and 27four have joined forces to support Diverscity’s expansion in South Africa. This partnership will provide Diverscity with access to funding, strategic advice, and market knowledge, enabling the company to further expand its operations and reach new markets.
The collaboration between Proparco and 27four will have several benefits for Diverscity:
Access to Funding: Proparco’s financial support will enable Diverscity to invest in new infrastructure, technologies, and talent, enabling the company to scale up its operations and cater to increasing demand for IT services.
Strategic Advice: 27four’s expertise in the South African market will provide Diverscity with valuable strategic guidance, helping the company navigate the unique challenges and capitalize on opportunities for growth.
Market Knowledge: With their extensive network and strong presence in South Africa, Proparco and 27four will provide Diverscity with insights into the local IT industry, helping the company tailor its offerings and target the right clients.
Support for Local Inclusion: By partnering with Diverscity, Proparco and 27four are promoting diversity and inclusivity in the South African IT industry. Diverscity’s commitment to hiring and retaining employees from diverse backgrounds aligns with the values and goals of both companies.
The collaboration between Proparco and 27four is a positive development for Diverscity and the South African IT industry. This partnership will provide Diverscity with the necessary funding, strategic advice, and market knowledge to further expand its operations and contribute to the growth of the local IT industry. By supporting Diverscity, Proparco and 27four are demonstrating their commitment to inclusive growth and fostering a diverse and inclusive business environment in South Africa.