South Africa-based global ICT solutions provider Dimension Data has reached an agreement with Beachfront Management Services Limited (BMSL) of Nigeria to end an 8-year relationship in West Africa.
Having previously partnered to form Dimension Data Nigeria, the South African ICT company, which is part of Japan’s NTT Group, said it has purchased BMSL’s 49 percent stake in Dimension Data Nigeria at an undisclosed sum.
This decision, according to Dimension Data, comes after “a thorough business review” that led both companies to “amicably agree to part ways.”
This change in the ownership of Dimension Data Nigeria is not expected to affect the company’s customers in the west African country.
The purchase, Dimension Data said, will result in both companies exploring new market opportunities in the Nigerian market separately.
The alliance between Dimension Data and BMSL began in 2004, and at the time was seen as the formation of one of the largest ICT systems integrators in Nigeria.
Andile Ngcaba, Chairman, Dimension Data Middle East and Africa said: “Both parties are committed to West Africa and will continue providing the best, most effective solutions and services to further the business goals of our West African clients.”
Frank Onuzo, Chairman of BMSL, commented that both Dimension Data and BMSL have enjoyed a successful partnership together over the years and are parting ways as friends.
“Going forward the Nigerian market will benefit from both companies’ focus on ICT solutions,” he said.
“Dimension Data is committed to Nigeria and the African continent today, tomorrow and into the future,” Ngcaba went on.
Speaking to HumanIPO, Ngcaba explained that it is “not a termination.”
“Dimension Data and BMSL reached an amicable agreement to end the eight year-old relationship,” he said, adding that the company has offices in Nigeria, and that both parties remain committed to West Africa as the company’s clients remain its top priority.
“Dimension Data will continue to put clients at the centre of everything it does and will stay focus on finding the best, most effective solutions to further clients’ business goals. Dimension Data’s focus on the West African market remains unwavering, and the company is committed to Nigeria today, tomorrow and for the foreseeable future,” concluded Ngcaba.