Logicalis, the IT services arm of JSE-listed technology multinational group Datatec, has acquired Inca Software from its parent Avisen in a deal worth £7,3m (R84m).
Inca is the largest IBM Cognos partner in the UK and provides a full suite of business analytics products. It has implemented solutions for more than 400 companies.
Logicalis will pay a maximum of £7,3m in cash — £6m on completion of the deal and £1,3m a year later. It will also take on £700 000 in debt on Inca’s balance sheet.
In the six months ended 31 July 2010, Inca turned in sales of £4,3m.
Datatec CEO Jens Montanana says both Logicalis and Inca are IBM premier partners and that the deal “strengthens this strategically important relationship”. — Staff reporter, TechCentral
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