DTC
DTC
DTC - Datatec Limited - Acquisition of Direct Visual
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
ACQUISITION OF DIRECT VISUAL
Datatec Limited ("Datatec", JSE/AIM: DTC), the international Information and
Communications Technology group, announces that its subsidiary Logicalis Group
Limited ("Logicalis") has agreed to acquire Direct Visual Limited ("Direct
Visual"), a Tandberg (now part of Cisco) Platinum Partner based in the UK, for a
cash consideration.
Direct Visual is one of the UK`s leading independent suppliers of video
communications with a strong audio-visual and managed service offering. It has
annual revenues of approximately US$15million. The full terms of the
consideration have not been disclosed.
The business will be integrated into Logicalis` Unified Communications and
Collaboration (UCC) operation to strengthen its video offering.
Jens Montanana, Datatec`s Chief Executive commented:
"This acquisition is a great opportunity for Logicalis to develop its video
business in line with its UCC capabilities, and further broaden the offerings
within its managed services and cloud computing expertise."
Enquiries:
Datatec Limited (www.datatec.co.za)
Ivan Dittrich - Chief Financial Officer +27 (0) 11 233 1221
Wilna de Villiers - Group Marketing Manager +27 (0) 11 233 1013
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
24 January 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24/01/2011 09:00:02 Produced by the JSE SENS Department.
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