| Tue 17 Oct 2006, 16:25 | | Dimension Data - Formation of a new company - Brit |
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DDT
DIDDT
Dimension Data - Formation of a new company - Britehouse Group
Dimension Data Holdings Plc
(Incorporated in the United Kingdom)
(Registration number 3704278)
Issuer code: DIDDT
JSE Share Code: DDT
ISIN Code: GB0008435405
(Dimension Data)
FORMATION OF A NEW COMPANY - BRITEHOUSE GROUP
In line with the ongoing convergence in the software applications
space, Dimension Data in South Africa has consolidated its Microsoft
Applications and SAP Application Development Practices into
Britehouse Group (Proprietary) Limited (Britehouse), a new, black-
empowered entity.
A Black Economic Empowerment Consortium consisting of Convergence
Partners Investments (Proprietary) Limited (a company headed by
Andile Ngcaba) and Safika Holdings (Proprietary) Limited (an
empowerment investment holding company) will purchase an effective
30% stake in Britehouse. The remaining shareholding of Britehouse
will be held by a wholly-owned subsidiary of Dimension Data.
Britehouse, which comprises a 28% stake in Paracon Holdings Limited
("Paracon"), a 57,6% stake in 3fifteen (Proprietary) Limited and 75%
stake in Pebbletree Consulting (Proprietary) Limited, has a large
concentration of SAP and Microsoft specialist skills. 3fifteen and
Pebbletree Consulting were identified and incubated by Dimension
Data"s venture capital business, Protocol Venture Capital
(Proprietary) Limited. The consolidation of these companies into a
separate operating entity provides efficiencies, critical mass and
autonomy.
3fifteen, a Microsoft Gold Partner, provides specialist Microsoft
services including consulting, software application development and
deployment. Earlier this year, the company was named as Microsoft"s
2006 Customer Experience Partner of the Year.
Pebbletree Consulting, a SAP Africa Service Partner and a SAP Africa
SME Business Partner, provides strategic business consulting services
in respect of SAP software, empowering organisations to optimise
business performance using SAP as a platform.
Both 3fifteen and Pebbletree will retain their current management
structures, operating independence and identities.
Dimension Data South Africa (Proprietary) Limited"s 28.07% investment
in Paracon Holdings Limited has also been transferred to Britehouse.
Paracon, a specialist IT contracting company, will provide the new
entity with a flexible skills base to ensure an optimal structure.
Dimension Data"s core business is the provision and maintenance of
the ICT infrastructure that supports the delivery of software
applications to all parts of the enterprise. 3fifteen and Pebbletree
excel in the area of software applications, which are network
reliant, and are thus a natural fit with Dimension Data"s ICT
infrastructure expertise.
Dimension Data"s consolidated carrying value of the gross assets of
Britehouse is R98.9 million. The transaction is subject to various
regulatory approvals.
-ENDS-
For further information:
Dave Sherriffs
+27 (0)11 575 3454
+27 (0)82 370 3316
About Dimension Data
Dimension Data plc (LSE:DDT), a specialist IT services and solution
provider, helps clients plan, build, support and manage their IT
infrastructures. Dimension Data applies its expertise in networking,
security, operating environments, storage and contact centre
technologies and its unique skills in consulting, integration and
managed services to create customised client solutions.
Date: 17/10/2006 04:25:36 PM Produced by the JSE SENS Department
