Growth Capital Partners would like to announce that it has concluded an investment into Nerdworks (Pty) Ltd, which trades as the more familiar Dial a Nerd (“DaN”). The transaction was completed in May 2020.
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.