NERDWORKS (PTY) LTD
DaN is primarily focused on small businesses, professional practices, and educational institutions, while simultaneously assisting end consumers/home users with on-site and off-site support. With over 20 years’ experience in the managed services space, DaN provides a vast range of products and services including network architecture design, fully managed IT services, backup disaster recovery, cloud services, security and anti-virus solutions. The company also offers remote monitoring and service level agreements, providing unlimited remote and telephonic support.
DaN operates out of premises in Ferndale, Johannesburg and Woodstock, Cape Town. It primarily services clients in Johannesburg, Cape Town and Durban, but is able to service a wide range of customers countrywide, through its national network of partners.
The transaction allows the executive management team to increase its shareholding in the business and assists the previous majority shareholder in exiting its non-core investment. It also allows the business to maintain its strong B-BBEE rating.
We believe that the Growth Capital Partners ethos is very much aligned to that of our own, and with our insight into how technology requirements are rapidly changing in our environment we know we’ve found the right partner to capitalise on opportunities. We were able to conclude a transaction with Growth Capital Partners in an aggressive time frame which is testament to their team’s efficient decision making and transaction processes. We only see upside as a result of this new partnership and are optimistic about the value we can access through their networks and relationships. We are all looking forward to the future.
Aaron Thornton, CEO of DaN
We are bullish about the prospects for the company, as we believe that it is well placed to take advantage of a society which starts to work more remotely from home. The business brings with it a well-known brand and an experienced management team who have founded and grown the business into what it is today. We are confident that the Growth Capital Partners network will unlock significant value for the business. This investment will also result in diversification of our current portfolio.
Ron den Besten, CEO of Growth Capital Partners