DTC
DTC
DTC - Datatec Limited - Acquisition of 50.01% stake in Indian Distributor
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
ACQUISITION OF 50.01% STAKE IN INDIAN DISTRIBUTOR
Datatec ("Datatec" or the "Group", JSE and LSE: DTC), the international
Information and Communications Technology (ICT) group, has acquired a 50.01%
stake in Inflow Technologies Private Limited ("Inflow"), an Indian ICT
distribution business. The remaining 49.99% will continue be held by management
and other existing shareholders.
The acquisition of a 50.01% stake in Inflow, with its presence in nine key
Indian cities, provides Datatec with an excellent entry point and initial
footprint in India. Inflow also has operations in Sri Lanka and Singapore.
Inflow is a value-added distributor focusing on technology enablement and
distribution of security, storage and networking products, solutions and
services. Inflow has alliances with 22 global technology vendors including
CheckPoint, Nokia, McAfee Ironport, Websense, Radware, NetApp and Quantum. The
investment will also provide Datatec with a platform to add additional vendors
and eventual incorporation into the Westcon brand.
Inflow achieved revenue of USD 32 million in the last financial year ending 31
March 2008 and currently has over 130 employees.
Jens Montanana, CEO of Datatec commented:
"India is a very large and fast growing market offering strong prospects in our
sector with a lower cost of entry compared to many other developing markets and
potentially higher returns and greater organic investment opportunities. Our
investment in Inflow is another important step in our international strategy to
increase our exposure to the world`s major emerging markets which has recently
seen our presence grow in markets such as Africa, the Middle East, Turkey and
Brazil."
Byju Pillai, CEO of Inflow Technologies commented:
"This investment along with access to global best practices of Datatec in value
added distribution gives us greater ability to grow our market share, make
alliances with new technology vendors and expand into new geographies."
11 September 2008
Enquiries:
Datatec Limited (www.datatec.co.za)
Ivan Dittrich - Group Finance +27 11 233 1221
Director
Wilna de Villiers - Group Marketing +27 11 233 1013
Manager
Dresdner Kleinwort
Simon Russell/James Rudd +44 (0) 20 7623 8000
College Hill
Adrian Duffield/Jon Davies (UK) +44 (0) 20 7457 2020
Fred Cornet / Hayley Crane (SA) +27 (0) 11 447 3030
Date: 11/09/2008 08:00:02 Produced by the JSE SENS Department.
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