Xpand IT Acquires Majority Stake In KZN Based StartUp Rapid IT
Xpand IT Acquires Majority Stake In KZN Based StartUp Rapid IT. Xpand IT, currently ranked among Africa’s top two Managed Service Providers (MSP), has announced the strategic acquisition of a significant stake in Rapid IT, a KwaZulu Natal-based IT support services company. This move aims to bolster Xpand IT’s vision of becoming the continent’s leading MSP, enhance its local presence, and drive growth.
This acquisition represents a major milestone for Xpand IT as it seeks to strengthen its foothold in the KZN region, a key market with substantial growth potential. Managing Director of Xpand IT, Brett Scott, shared, “Although we have been operating in KZN for many years, it is a market that demands a strong local presence to gain momentum. Clinton Coetsee, the Managing Director of Rapid IT, has an incredible reputation in the region. He is highly respected, and our values and business ethics are perfectly aligned, which is critical for a successful partnership. Rapid IT will leverage our technical workforce to serve clients better and attract new ones. Our commercial team will introduce robust solutions, including our security offerings and other services designed to reduce operational costs and improve efficiencies.”
Through this partnership, Rapid IT will gain access to Xpand IT’s extensive resources, technology, and industry-leading expertise. This will significantly enhance Rapid IT’s service offerings, providing clients with more comprehensive and efficient IT solutions. Scott reassured, “By streamlining financial systems, we will alleviate Rapid IT’s operational burden. Access to Xpand IT’s resources, capital, and supplier relationships will directly benefit our clients, ensuring they receive the best value for their investments.”
This partnership underscores Xpand IT’s steadfast commitment to delivering exceptional client service. It is a testament to its dedication to addressing the specific needs and challenges faced by businesses in KZN. Together, the entities aim to drive innovation and set new industry benchmarks, placing its clients at the heart of its operations. Coetsee enthusiastically said, “This partnership stems from a strong relationship, built on years of collaboration, discussions, and planning. Access to Xpand IT’s resources will enable us to respond to clients more swiftly and scale our business without technical limitations.”
This collaboration affirms the company’s commitment to long-term growth and success. It comes at a time when the MSP sector is experiencing rapid growth, driven by increasing demand for managed services and IT support. According to industry analysts, the MSP market in Africa is expected to grow considerably over the next few years, presenting beneficial opportunities for companies like Xpand IT. The strategic acquisition of Rapid IT positions Xpand IT to capitalise on this growth, reinforcing its status as a leading player in the market.
