Bytes Technology Group Acquires Storage Company Optitek
Release Date: 30/07/2003 13:02:52 Code(s): BTG
Bytes Technology Group Acquires Storage Company Optitek
BYTES TECHNOLOGY GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1911/003874/06)
Share code: BTG ISIN: ZAE000029526
("BTG" or "the company")
MEDIA RELEASE: BYTES TECHNOLOGY GROUP ACQUIRES STORAGE COMPANY OPTITEK
BTG, the JSE-listed company and member of the Altron group, has announced its
acquisition of Optitek, an industry acknowledged consultancy company,
specialising in the design and implementation of data storage, archive and
retrieval systems for major enterprises.
Optitek has many existing blue chip clients, including implementations at some
of South Africa"s most complex storage environments including Vodacom and
Metropolitan. The Optitek acquisition is effective from 1 July 2003.
BTG executive director, Rob Griggs, said: "The acquisition of Optitek is a
strategic initiative to add a design and consulting capability for ultra-
scalable solutions for complex data storage environments. Optitek will form
part of Bytes Technology Networks (BTN), a division of BTG and will play an
important role in aligning our capabilities both locally and in our two UK
operations. The ever increasing requirement for data and graphic storage,
multimedia cellular SMS and other developments are driving this market at an
accelerated pace. Furthermore, new legislation governing the storage of emails
and other electronic documents will greatly increase the enterprise need for
near-line storage and archival systems."
Mike Broderick, director of Optitek, added: "Optitek needed to make the
transition from a small consulting organisation to a mature corporate entity to
both realise our full potential and give our existing corporate clients the
added security of a listed parent company. Optitek saw BTG as an ideal partner
to facilitate this change. Our relationship with the BTN division of BTG has
added long-term potential which will materialise from a broader association with
BTG and the Altron group."
"The name Optitek will be changed to Bytes Technology Storage with immediate
effect", said Griggs.
Sandton
30 July 2003
Date: 30/07/2003 01:02:55 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
