South Africa’s high-end virtualized and cloud-based load balancing, web acceleration and security software provider Snapt has raised $1 million from Convergence Partners for its international expansion weeks after launching in the US.
Snapt aims to capture a 1 percent share of the USD 6.5 billion application delivery software market within the next three years.
“South Africa has the potential to be a key player in global technology innovations. Snapt’s success is proof that South African technology can lead the way for bright start-ups to disrupt the marketplace in South Africa, the US and globally,” says Dave Blakey, CEO of Snapt.
Launched in 2012, Snapt has built a client base of 10,000 customers stretching across 50 countries and provides a high-performance solution to companies to remain online and grow affordably. It offers a start-up package at USD 55 per month, which includes 24/7/365 service availability and an average response time of three minutes, demonstrating that service excellence and responsiveness are at the heart of the business.
“Load balancing in the network infrastructure and server environment is what differentiates successful companies in the digital domain – and Snapt’s technology solutions give its customers this competitive edge. We are proud to be supporting a leading global tech player like Snapt.” concluded Andile Ngcaba, Chairman of Convergence Partners.