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Verod Capital and AfricInvest Co-invest in iSON Xperiences

Anna Lyudvig
Oct. 23, 2023, 5:31 p.m.
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Word count: 496

Verod Capital and AfricInvest have acquired a majority stake in iSON Xperiences, an ICT solutions provider across Africa, the United Arab Emirates, and India.

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Verod Capital and AfricInvest have acquired a majority stake in iSON Xperiences, an ICT solutions provider across Africa, the United Arab Emirates, and India.

Established in 2010, iSON Xperiences specialises in delivering business process outsourcing (BPO), business process management, and digital customer experience solutions. 

The company serves more than 500 million end-users spanning diverse sectors such as Telecom, Financial Services, Energy & Utilities, Media & Entertainment, Aviation, Retail and E-commerce. iSON Xperiences employs over 18,000 individuals across 19 countries, including 16 in Africa.

The investment was structured from the Verod Capital Growth Fund III, and AfricInvest Funds III and IV. 

AfricInvest first invested in iSON Xperiences in 2018 and is now renewing its commitment. 

Hakim Khelifa, Senior Partner at AfricInvest, said: “Our re-investment in iSON underscores our unwavering belief in the company’s potential and its positive impact on employment in developing nations. We have already achieved a lot in terms of growth, footprint, and diversification.” 

“The next chapter will be even more exciting with the objective to enter new countries and provide more added value services to our customers. We look forward to working actively with the iSON team and its shareholders on this next leg of our journey together.”

As a BPO provider, iSON Xperiences is committed to strengthening its leading position in Africa. 

The new capital injection will empower it to diversify its service offerings and to enter new markets. 

Danladi Verheijen, Co-Founder and Managing Partner at Verod Capital, said:“Verod’s excitement about this opportunity stems from several key factors. Africa holds immense potential for BPO services, thanks to its diverse, multilingual population and cost-efficient operational environment.” 

“Additionally, the rapid advancements in artificial intelligence (AI) are creating new collaborative and innovative avenues. BPO expertise is now creatively applied to tackle long-standing financial challenges like debt recovery. iSON is at the forefront of these transformative developments in Africa and beyond, and Verod is honoured to be one of their preferred partners on this journey.”

 Pravin Kumar, Global CEO at iSON Xperiences, added: “We extend our gratitude to AfricInvest for their demonstration of confidence through the doubling of their investment in iSON Xperiences. Additionally, we take great pride in welcoming Verod Capital as our new investment partners. iSON Xperiences is strategically positioned to achieve a significant increase in its value over the next two to three years, utilizing a combination of organic and inorganic growth strategies. This direction is grounded in our steadfast belief in the transformative power of job creation and service excellence. Our primary focus is centered on the attainment of offshore hard currency revenue within the GCC, European, and UK markets."

"We have placed emphasis on digital initiatives, leading to the introduction of numerous digital services and products. This strategic move toward digital transformation of our existing services is geared towards bolstering profitability and enhancing overall value. The iSON Xperiences team is quite excited with this development and is highly enthusiastic about the prospects that lie ahead and remains dedicated to realizing our vision.”

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