SA-based Snapt expands after nabbing $1m in funding

South African tech company Snapt is expanding after it secured almost US$1-million from local investment firm Convergence Partners.

The company, which provides “high-end virtualised and cloud-based load balancing, web acceleration and security software”, confirmed that it has appointed 4Di Technologies as its African distributor.

The news sees the SA company shift some focus back to its home continent, signalling a potential move away from North America. It confirmed that South Africa will be the initial focus, but that East and West Africa are on the cards too.

Speaking of clients, the company also provided interesting figures on its growth.

“Since its launch in 2012, it has grown by 400 percent a year and now has 10 000 customers in 50 countries,” Snapt said.

The company’s headquarters are located in Johannesburg, but it also opened an office in the Atlanta, USA last year.

“We are delighted to be working with the experienced and passionate team at 4Di Technologies. The company is part of the 4Di Group, a founding member of Silicon Cape. They are an excellent fit for us because, like us, they are part of an ambitious, motivated local technology group with global aspirations,” Snapt CEO Dave Blakey said in an emailed statement.