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DTC
DTC
DTC - Datatec Limited - Acquisition of Network Infrastructure Corporation in US
Datatec Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/005004/06
ISIN: ZAE000017745
JSE and LSE share code: DTC
ACQUISITION OF NETWORK INFRASTRUCTURE CORPORATION IN US
Datatec Limited ("Datatec", JSE/AIM: DTC), the international Information and
Communications Technology (ICT) group, announces that its subsidiary Logicalis
has acquired Network Infrastructure Corporation ("NIC") for an undisclosed cash
consideration. NIC is a Cisco Gold Partner which focuses on the Southwest region
of the United States.
NIC is one of the few remaining independently owned Cisco Gold Partners in the
US and has annual revenues of approximately $20 million. The business will be
integrated into Logicalis` US operation to strengthen its presence in the
Southwest. Logicalis will look to deploy some of NIC`s best practices
nationally, in particular in the education vertical, to other regional
operations in the US enhancing its offering to customers.
Jens Montanana, Datatec`s Chief Executive commented:
"This acquisition grows Logicalis` Southwest US presence and reinforces the
Cisco US relationship. NIC has an enviable services revenue mix and extensive
expertise in a fast developing vertical where Logicalis has limited exposure.
The acquisition will allow expansion into educational markets in adjacent
territories along with the Logicalis portfolio of solutions and services."
Enquiries:
Datatec Limited (www.datatec.co.za)
Ivan Dittrich - Chief Financial Officer +27 (0) 11 233 1221
Wilna de Villiers - Group Marketing +27 (0) 11 233 1013
Manager
Jefferies International Limited
Chris Snoxall +44 (0) 20 7029 8000
College Hill
Adrian Duffield/Rozi Morris (UK) +44 (0) 20 7457 2020
Frederic Cornet (SA) +27 (0) 11 447 3030
2 December 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 02/12/2010 09:00:01 Produced by the JSE SENS Department.
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