{"id":125307,"date":"2016-06-01T11:34:52","date_gmt":"2016-06-01T09:34:52","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=125307"},"modified":"2016-06-01T11:34:52","modified_gmt":"2016-06-01T09:34:52","slug":"sa-start-up-snapt-scores-1-million-in-funding","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/software\/125307\/sa-start-up-snapt-scores-1-million-in-funding\/","title":{"rendered":"SA start-up Snapt scores $1 million in funding"},"content":{"rendered":"<p>South African technology company, Snapt, says it has received $1 million (R15.7 million) in funding from <span class=\"st\">private equity and venture capital firm<\/span>, Convergence Partners.<\/p>\n<p>Snapt is a global provider of high-end virtualized and cloud-based load balancing, web acceleration and security software.<\/p>\n<p>Since its launch in 2012, the company has built a client base of 10,000 customers stretching across 50 countries, while achieving year-on-year growth of 400% in both 2014 and 2015.<\/p>\n<p>Snapt has also recently opened its first US offices in Atlanta. As part of its expansion in the US, Snapt said it aims to capture a 1% share of the $6.5 billion application delivery software market within the next three years.<\/p>\n<p>&#8220;South Africa has the potential to be a key player in global technology innovations. Snapt&#8217;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,&#8221; said Dave Blakey, CEO of Snapt.<\/p>\n<p>Andile Ngcaba, chairman of Convergence Partners, said: &#8220;Load balancing in the network infrastructure and server environment is what differentiates successful companies in the digital domain \u2013 and Snapt&#8217;s technology solutions give its customers this competitive edge. We are proud to be supporting a leading global tech player like Snapt.&#8221;<\/p>\n<p>Snapt offers a start-up package at $55 per month, which includes 24\/7\/365 service availability and an average response time of three minutes.<\/p>\n<h3 class=\"my-4\">More on SA start-ups<\/h3>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/technology\/113780\/cape-town-start-up-scoops-r30-million-funding\/\" target=\"_blank\"><strong>Cape Town start-up scoops R30 million funding<\/strong><\/a><\/p>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/business\/111211\/sa-online-travel-agency-gets-whopping-r648-million-funding\/\">SA online travel agency gets whopping R648 million funding<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/business\/88272\/new-start-up-accelerator-targets-tech-businesses\/\">New start-up accelerator targets tech businesses<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/general\/109901\/sa-online-cleaning-service-scoops-r10-million-in-funding\/\">SA online cleaning service scoops R10 million in funding<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South African technology company, Snapt, says it has received $1 million in funding from private equity and venture capital firm, Convergence Partners.<\/p>\n","protected":false},"author":10,"featured_media":66436,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,3,9878],"tags":[25,1621,11441],"class_list":["post-125307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","category-software","category-technology","tag-active","tag-convergence-partners","tag-snapt"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/125307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=125307"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/125307\/revisions"}],"predecessor-version":[{"id":125319,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/125307\/revisions\/125319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/66436"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=125307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=125307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=125307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}