Bytes Technology Group Limited
(Registration number 1911/003874/06)
("Bytes")
Share code: BTG
ISIN: ZAE000029526
DATAPRO PRESS RELEASE
BoE backed Internet Service Providers, DataPro, have announced the
acquisition of rival service provider, BTGNet. BTGNet is a wholly owned
division of Bytes Technology Group Limited, part of the Altron stable.
"This deal is strategic for DataPro" MD, Douglas Reed said," as it allows
us to move closer to realising our goal of having more businesses connected
to our network than any other ISP in South Africa. DataPro has already
attained critical mass so the additional value that this deal will bring
will contribute directly to our bottom line."
Reed said the acquisition effectively included the BTGNet Customer Base, and
critical equipment, as well as certain customer and service warranties.
"BTGNet is a like-sized operation which has similar service offerings and
key customer profiles, and it is this dove-tailing of our businesses that
will ensure sustained and effective service levels."
BTGNet, with well in excess of 1000 business clients, will be absorbed into
DataPro by December 2001. The deal, which includes an ongoing business
relationship with Bytes and the Altron group, forms part of DataPro's long
term growth strategy.
Commenting on the deal, executive director of BTG Rob Griggs stated " this
latest development is in line with our strategy for the group of
rationalising common activities and focusing core businesses. DataPro are
the ideal partner both from a technology fit and their vision for ISP and
VPN type services for the future. We will continue to recommend DataPro to
our client base and are ourselves using them extensively throughout BTG an
the greater Altron group "
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
