In a bold and strategic move that is set to resonate with innovators and entrepreneurs across South Africa, SYNAQ, a trailblazing company in cloud-based email security services, has announced its buy-back from Dimension Data. This exciting development marks a significant turning point in the company’s history and sets the stage for a new era of innovation and growth in the realm of email security.
A Pioneering Journey Founded in 2004 by David Jacobson, SYNAQ has been instrumental in shaping the landscape of cloud-based email services in South Africa long before “the cloud” became an industry buzzword. The company’s journey began with a visionary dream of bringing secure cloud computing communication services to businesses using Linux and open-source technology.
At the forefront of innovation, SYNAQ developed and launched South Africa’s first cloud-based email security platform in 2004, making waves in the tech industry. In 2010, SYNAQ received recognition from Forbes Magazine, being ranked as one of the top 20 tech companies in Africa, a testament to its pioneering spirit and dedication to excellence.
The Dimension Data Partnership In 2011, SYNAQ embarked on a new phase of its journey when Dimension Data acquired a majority stake in the company. This strategic partnership offered SYNAQ the scale it needed to expand its services, access critical infrastructure and resources, and explore new markets. Dimension Data’s strong sales force played a pivotal role in taking SYNAQ’s enterprise-grade email packages, another groundbreaking achievement in terms of price and value, to a wider audience of mid-market customers.
The collaboration between SYNAQ and Dimension Data proved mutually beneficial, ultimately leading to Dimension Data’s acquisition of the remaining shares. This acquisition underscored the strength of the partnership and the shared vision for the future.
A New Chapter However, the winds of change blew with Japan’s Nippon Telegraph and Telephone (NTT) Corp’s acquisition of Dimension Data. This transition opened the door for SYNAQ to reclaim ownership of the company. “We remain passionate about unparalleled cloud-based email security services for large and small businesses, alike,” emphasized David Jacobson, SYNAQ’s CEO and Founder.
While SYNAQ’s tenure with Dimension Data provided stability and support as the company scaled, the buy-back represents a new chapter filled with exciting prospects. Jacobson expressed his enthusiasm for the independence the company now enjoys and the opportunities it presents for the future.
The Road Ahead: SYNAQ 3.0 and Beyond The buy-back is not the only significant development in SYNAQ’s journey. Earlier this year, the company unveiled Securemail 3.0, a product that takes email security to the next level. This latest release includes additional SPAM and Malware feeds, further strengthening its already robust heuristics engines. Moreover, algorithm enhancements to LinkShield, ITP, and DLP have been deployed to provide the most comprehensive line of defense against the latest email threats.
David Jacobson explained, “This is about building on a solid foundation and embracing the rapid innovation and agility that independence affords us.” SYNAQ’s commitment to innovation is evident in its accelerated investment in Artificial Intelligence. The company leverages large-scale data analysis and machine learning models to enhance its threat detection capabilities.
By incorporating predictive analytics, historical data analysis, user behavior insights, and contextual information, SYNAQ’s email security solutions can identify patterns indicative of malicious activities for early threat detection of spear-phishing attempts, Business Email Compromise (BEC), and account takeovers, mitigating potential damage before it occurs.
As AI-driven email security solutions continue to evolve, so does SYNAQ’s commitment to incorporating advanced algorithms, deep learning, and natural language processing techniques for increasingly advanced threat protection.
Investing in Innovation The buy-back also heralds a new era of innovation investment. SYNAQ is strategically positioning itself to drive business performance and pioneer new product innovations in the email security sector. Jacobson emphasized, “This is a strategic move for the passionate people at SYNAQ who are deeply invested in the business and cloud security.”
A Fond Farewell and an Exciting Future After years of hard work, dedication, and a successful partnership with Dimension Data, SYNAQ is ready to embrace the future with optimism and excitement. Jacobson expressed gratitude, saying, “We thank Dimension Data for the years of partnership and are exceedingly excited about what the future holds.”
For Media Inquiries: Email: hello@synaq.com Phone: (011) 262 – 3632
Seize this moment to get acquainted with SYNAQ’s refreshed approach to email security. This buy-back is not just a transaction; it’s a vote of confidence in the future of home-grown cloud-based email security by the founders of SYNAQ. Welcome to the future of email security, where flexibility meets innovation.
In Conclusion SYNAQ’s journey from its humble beginnings in 2004 to its recent buy-back has been a remarkable one, filled with pioneering achievements, innovative solutions, and strategic partnerships. As the company sets its sights on the future, its commitment to enhancing email security with cutting-edge technology and artificial intelligence is a testament to its dedication to providing world-class services to businesses, both large and small, across South Africa.
This development is not only significant for the company but also for the broader tech and business communities in South Africa. SYNAQ’s story serves as an inspiration to aspiring entrepreneurs and innovators, highlighting the possibilities that come with a strong vision, relentless dedication, and a commitment to excellence. With the buy-back, SYNAQ is poised to make even greater strides in the realm of cloud-based email security, and South Africa is set to be a focal point of this exciting journey.
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