DTC
DTC
DTC - Datatec Limited - Acquisition of Inca Software
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
ACQUISITION OF INCA SOFTWARE
Datatec Limited ("Datatec", JSE/AIM: DTC), the international Information and
Communications Technology (ICT) group, announces that its subsidiary
Logicalis has agreed to acquire Inca Software Limited ("Inca") from its
parent company, Avisen Plc (AIM: AVI), for a total equity value consideration
of GBP7.3 million.
Inca is the largest and most successful IBM Cognos partner in the UK. It
provides customers with the full suite of IBM business analytics products and
has implemented solutions for over 400 companies across all industry sectors.
The acquisition creates one of the first UK systems integrators capable of
delivering the full suite of next generation business transformation tools;
analytics, collaboration and cloud computing.
Logicalis will pay a maximum of GBP7.3 million in cash (GBP6.0 million on
completion and GBP1.3 million one year later) and assume GBP0.7 million of
debt.
Inca`s interim results for the six months ended 31 July 2010 disclosed
unaudited revenues of GBP4.3 million.
Jens Montanana, Datatec`s Chief Executive commented:
"This acquisition opens up a new stream of expertise in analytics to
Logicalis` customers, and will give it a unique and compelling proposition.
By combining Logicalis` expertise in collaboration and cloud computing with
Inca`s expertise in business analytics, Logicalis will be able to help its
customers to become smarter organisations.
"Both Logicalis and Inca are IBM Premier Partners so this acquisition also
helps to strengthen this strategically important relationship."
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
17 March 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/03/2011 09:00:11 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |