The Alpha Investment Group acquired a majority stake in Smart Technology Centre (STC) in early 2018. This investment has provided the impetus for STC to rapidly expand our national footprint and product roll-out to a much wider and growing network of home and business customers.
Alpha Investment Group, a diversified, 100% black-owned investment holding company founded in 2015 by David Ngobeni, has a philosophy of creating strategic partnerships with organisations that have the focus, drive and expertise to be market leaders in the industries in which they operate. For Smart Tech Centre, our partnership with Alpha Investment Group is affirmation of our brand strength, our value proposition to our clients and our market leadership.
At the same time, as a business that was founded on the principles of innovation, constructive disruption, creativity, investment in our people and incredible customer service, STC was looking for an investment partner that would embrace and share our vision and principles. Alpha Investment Group has proven to be an exceptional partner that finds purpose in our diversity and shares our vision to be the de facto standard in a world that is undergoing an extraordinary technological revolution.