Hasso Plattner Ventures Africa’s portfolio of companies
Hasso Plattner’s African Venture fund was launched in early 2008. In February 2009 I attended the fund’s Emerging Market Africa conference in South Africa. HPVA has invested ZAR80mm of ZAR350mm in 5 companies to date and expect to invest in at least 5 more. HPVA doesn’t disclose investments and shareholding, although they did indicate that they only take minority shareholding.You can find Hasso Plattner Venture Europe’s investments here.Recently the African fund disclosed some of the investments it has made so far:
- Cibecs: Enterprise backup solutions. According to some articles, HPVA invested ZAR8mm for a 25% stake in the company (HPVA indicated that these numbers aren’t correct. They didn’t say what the correct numbers are.) Cibecs was formed in 2004 by Richard Dewing, and its software has been sold to more than 30,000 users in South Africa.
- Inala operates in the fields of telecommunications and broadcasting in South Africa.
- Global Vision specializes in marketing automation software.
- KnowledgeTree is an open source document management system. KnowledgeTree uses a number of social media technologies to promote its products, including Facebook, Twitter, and blogs…very progressive!
- Dabba Telecom: Low-cost telecoms in South Africa. Dabba’s CEO Real Lissoos was voted Social Entrepreneur of the year in 2008.
Hasso Plattner Ventures Africa Conference – February 2009
I had the distinct pleasure to visit my homeland, South Africa, to attend Hasso Plattner Ventures Africa‘s first conference after forming HPV’s ZAR350mm VC fund in early 2008. Andrea Böhmert, one of HPV Africa’s co-managing partners, invited me to participate on a panel discussing “Local entrepreneurs going international”. The panel consisted of:
- Herman Heunis – CEO of MXit,
- Willem van Biljon – ex-founder of Mosiac Software (now S1 corporation) and now founder of a stealth startup, Benguela,
- Brian Richardson – CEO of Wizzit and
- myself (Carel Bekker).
Other speakers during the one day event at the beautiful Webersburg Wine Estate in Stellenbosch included:
- Dr Andile Ngcaba – Chairman of DiData MEA,
- Mteto Nyati – MD of Microsoft SA,
- Kam Chetty – MD of EDS SA,
- Zunaid Mayet – CEO of Siemens IT Solutions & Services,
- Rakesh Wahi – Vice Chairman of CNBC Africa,
- Guy Lundy – CEO of Accelerate Cape Town,
- Martin Schirmer and Dr Herbert Heitmann of SAP and
- Mark Gevisser – author and journalist.
Chris Gibbons did an amazing job as MC of the conference as well as moderating the panels.I’ve attended numerous conferences over the years, and I have to say that the HPVA conference was unique in at least 2 ways:
- The conference attendees were each given a silver money box as a gift and the first person to open it were given the opportunity to donate R5,000 to a charity.
- Having James Durno as a graphic facilitator during the whole conference. James captured the day’s discussion in a set of cartoons. I think James played an important role in the day’s proceedings by keeping us entertained and informed. Here is how he captured my contributions:
Photos, presentations, speaker bios and more of the one day conference are available here: Hasso Plattner Ventures Africa 2009 Conference.This was an exciting day for me. I met a number of very interesting people, I was educated regarding the current state of ITC in South Africa and Africa (did you know that Africa has 350mm mobile phone subscribers?), I was given a state of the union regarding South African politics and I played a small part in allowing South African entrepreneurs to think global.South Africa has some truly ground-breaking technologies to offer the world and if the entrepreneurs that were at this event is anything to go by, then I’m sure we will soon be celebrating more Mark Shuttleworths, Elon Musks and Vinny Linghams.
Read MoreHasso Plattner (ex-SAP CEO) Ventures launches $45mm VC fund in South Africa
I’ve mentioned Hasso Plattner a number of times in my blog. He is the colorful co-founder and former CEO of SAP AG. He is also the father of SAP’s client-server 3-tiered product called R/3.This week Hasso Plattner launch HP Ventures Africa (Hasso Plattner — not to be confused with Hewlett Packard) in Cape Town, South Africa. Vendorprisey mentioned it in his blog. HPV is also active in Europe. Jeff Nolan used to work for SAP Ventures and he had blogged about his first meeting with Hasso Plattner.I quote from this week’s BusinessWeek article:
Hasso Plattner Ventures Africa will be targeted mainly at companies in telecom, mobile applications, media, software, renewable energy, and energy-saving technologies.
and from the SAgoodnews.co.za website:
A new R350 million venture capital fund has been launched to give innovators in South Africa a leg up into the global technology arena.The Hasso Plattner Ventures Africa, named after the co-founder of software giant SAP, aims to invest in and manage a portfolio of investments that have a unique innovative offering either based on the business model, product offering or underlying technology.Focusing predominantly on activities in South Africa and later in other emerging African markets, the technology investments will concentrate on telecommunications, mobile applications, media and software as well as clean technology investments such as renewable energy, energy-saving concepts and similar business segments in early stages of their development.Hasso Plattner Ventures Africa aims to identify companies that have the potential to succeed on an international level and will provide access to an international network of leading companies, venture capital firms and institutions in the technology arena, according to Andrea Böhmert, who is going to head the fund.”In the past SA technology companies have found it almost impossible to get funding from international groups outside of South Africa,” said Böhmert.“All start up businesses know, that it is extremely important not only to get investment funding but also assistance in accessing global markets. This is where our fund can score. Prof. Plattner and co-funders MAN Ferrostaal will be able to `open doors´ for start ups that would never be accessible otherwise across the IT industry as well as in the industrial solutions sector.”
C|Net talks about the fund’s Green focus.And finally you can click here, to submit a proposal to the Hasso Plattner Ventures Africa Fund. Good luck!
Read MoreSAP’s on demand/SaaS ERP solution, codenamed A1S
My aim with this post is to summarize the information currently available on A1S. A1S has been in the works for at least 3 years and is SAP’s on demand or SaaS (Software as a service) ERP solution. According to ZDNet A1S is targeted to launch in 2008 and is part of SAP’s strategy to grow its customer base from 39,000 to 100,000 customers by 2010. SAP is planning to unveil A1S at an event in New York on Sept 19. A1S is designed for the mid-market and initially it will be hosted by SAP as an on demand solution. Later it will be available as an appliance that can be plugged in behind the firewall.Henning Kagermann’s (CEO of SAP AG) recent presentations provide more A1S hints. Here is SAP’s 2007 Q2 analyst presentation and also the May 2007 Sanford Bernstein presentation. On page 26 Kagermann summarizes the salient features of A1S:
- A New Product: Broad cross-industry coverage, enterprise SOA by design, model-based design, configuration via business questions, and self-service & embedded training.
- A New Business Model: Try-Run-Adapt, on demand, embedded services & remote management, order of magnitude lower TCO, and quality/robustness is key.
In this blog post searchSAP talks about SAP’s mid-market push including A1S. Here Venderprisey summarizes some SaaS blog postings including an interesting reference to A1S. The Register and others suggest that SAP picked the Sept date to overlap with the Salesforce Dreamforce conference.Hasso Plattner’s “new idea” presentation is basically the technical underpinnings of A1S. You can see the keynote here, however you’ll have to register first. SAP calls A1S, Enterprise SOA by Design vs SAP ERP it calls Enterprise SOA by Evolution. Here is a list of the new idea aspects of Plattner’s “New Idea”: in-memory databases, real-time analytics, harmonized UI, cloud computing, on-demand, events & triggers, modular deployment, model-based configuration, no code exposed, new markets, community, standards and finally SOA.Competitors include: Salesforce.com and its AppExchange marketplace for on demand applications, Oracle on demand, Netsuite.com and Successfactors.com. Workday, co-founded by Mr. Peoplesoft himself, Dave Duffield, is also an interesting play. They market Workday as: On-Demand Enterprise Business Services.Also see my post regarding integration between SaaS solutions and SAP.I’m sure we’ll know more after September 19.
Read MoreIT Matters and my top 10 list
On October 26, 2006 I had the privilege of presenting a guest lecture to the students at the College of IT at Georgia Southern University (GSU). I would like to thank Dr. Sonny Butler for inviting me. Below are the 10 main points I presented. My purpose was not to promote any specific technology or company, but to give the students a couple of life lessons based on my IT background and business experience.#1. Never stop learningNo, you don’t know everything after you earned your IT (or any other) degree. Never stop reading. Read IT books, business books and blogs. I recommend that you also read outside your field. For example I’m currently subscribed to The Futurist magazine. It’s a great way to expand your horizons. Tip: Every year randomly pick up a magazine or book from the business section at your local bookstore.Attend conferences, and again sometimes attend conferences outside your field.Join a mentor group or a technology peer group. I belong to Vistage. It’s the largest CEO group in the world and I’ve learned a bunch from my peers, including CEOs from a flooring company, a cosmetic dentistry, a not-for-profit organization and a chicken feed additive company. All non-IT focussed organizations — go figure…Lastly, visit other countries. You will definitely gain new insights, broaden your experience and come back to the US with a new appreciation for how privileged we are in this country.#2. Be pragmaticI was very much in love with the technical betty of both OS/2 and Smalltalk. Very soon after leaving university I realized that a technically superior product doesn’t always win in the marketplace. For example: I still think Smalltalk is the best programming language, but so what. Most of my career I programmed in other languages, e.g., C++ and ABAP (SAP’s programming language). Don’t forget your principles, however when it comes to technology be pragmatic. Fortunately Smalltalk influenced Java and also influenced programming paradigms like SAP’s Webdynpro methodology and Ruby/Ruby on Rails.#3. IT is still relevantIT is still relevant and will continue to be relevant during our lifetimes. Most productivity gains still come from improvements in technology. I think that we are only at the beginning of the impact that cheap, high bandwidth, allways-on Internet access will have on consumers and the global economy. Think about the impact of Skype, Jajah, mobile devices and soon WiMax. Btw, cool technology like iPod is great hardware, however software (iPod’s software and iTunes) continues to be the secret sauce. IT is also making a big difference in uplifting the third world, e.g., MIT’s one laptop per child initiative. See my previous post on (RED).#4. India and China…and Eastern Europe, Russian, Bulgaria and Estonia… The world is flat and IT jobs (and lots of other jobs) will go off-shore. If you haven’t read “The World is Flat” by Thomas Friedman then you should read it now.I also recommend “Commanding Heights” by Yergin and Stanislaw. It chronicles the raise of free markets over the last 100 years. Fascinating stuff, really!I told the students that the best way to deal with the off-shore phenomenon is to make sure you remain relevant and learn new skills, e.g., project management, presentation skills, and writing skills.#5. Where will my IT degree take me — a technical or business career?You can take a technical track or move into a business career. For example, I have a Masters in Computer Science and started my career as a programmer. After a couple of years I became a consultant and eventually moved into a management position. I recently completed a 8 year tenure as the CEO of an IT consulting company. I think you can earn good money pursuing a technical career as well as a business/management career.IT Consulting is another very lucrative option, however it involves a lot of air travel and it will impact your family life. I recommend you consult while you’re not married and use the opportunity to see the world!
Read More
Recent Comments