DATATEC LIMITED - Acquisition of majority interest in German Software Developer
2 September 2014 8:00
DTC 201409020007A
Acquisition of majority interest in German Software Developer

Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC


Datatec Limited ("Datatec" or the "Group") announces that Logicalis Group ("Logicalis"), has
acquired a 51% shareholding in ituma GmbH ("ituma"), a speciality software developer
based in Germany.

Logicalis will have exclusive rights to ituma's proprietary software based Wi-Fi platform. The
technology enables businesses to deliver Wi-Fi enabled-services such as 3D in-location
navigation, product and service offerings access, product promotions and omni-channel
retail ordering to their customers.

Established as a start-up company in 2010, ituma has highly specialised skills and a unique
offering. The acquisition presents a significant opportunity for Logicalis to grow ituma's
licence revenues exponentially and increase infrastructure revenues globally through its
own sales organisation.

Jens Montanana, Datatec's Chief Executive Officer commented:

"Wi-Fi enabled-services is an exciting segment of the growing global wireless data market.
Our investment in ituma provides Logicalis with access to a new complementary solution
that has the potential to support increases in annuity, services and infrastructure revenues
across multiple territories in which Logicalis operates."

Datatec Limited (
Jens Montanana - Chief Executive Officer                   +44 (0) 1753 797118
Jurgens Myburgh - Chief Financial Officer                   +27 (0) 11 233 3301
Wilna de Villiers - Group Marketing Manager                 +27 (0) 11 233 1013

Jefferies International Limited – Nominated Adviser and Broker
Nick Adams/Alex Collins                                 +44 (0) 20 7029 8000

finnCap - Broker
Tom Jenkins / Henrik Persson                               +44 (0) 20 7220 0500

Instinctif Partners
Frederic Cornet (SA)                                        +27 (0) 11 447 3030
Adrian Duffield (UK)                                       +44 (0) 20 7457 2020

2 September 2014
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 02/09/2014 08:00:00 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.