JSE-listed IT multinational Datatec is keeping the corporate action simmering.
Just a day after saying it would conclude a new empowerment deal at its local distribution business, Westcon SA, it’s announced its Logicalis subsidiary is buying US$20m-revenue US networking specialist, Network Infrastructure Corp (NIC).
Datatec has not disclosed the value of the deal.
NIC focuses mainly on the south-western US and is a Cisco gold partner. “It’s one of the few remaining independently owned Cisco gold partners in the US,” Datatec says.
The company will be integrated into Logicalis’s US operation to strengthen its presence in the south-west.
Logicalis will deploy some of NIC’s best practices nationally, in particular in the education vertical, to other regional operations in the US, says Datatec CEO Jens Montanana.
Datatec shares have gained 21,7% on the JSE in the past 12 months. — Staff reporter, TechCentral