JSE-listed technology group Datatec’s largest subsidiary, distributor Westcon, has a new CEO. Dolph Westerbos will take the reins on 1 January from Dean Douglas, who is leaving Datatec to take up another role. Westerbos is a joint US-Dutch national who
Datatec has named Gary Bullard as the new CEO of subsidiary Logicalis Group following the retirement of Ian Cook, who has been appointed as nonexecutive chairman. According to Datatec, Bullard has 25 years of experience in the IT and telecommunications industry. In his most recent
JSE-listed multinational technology group Datatec has reported a mixed earnings picture in its latest financial results as expected growth failed to materialise in the US, emerging markets were depressed and Europe showed signs of improvement. It is also blaming the implementation of a business management
Johannesburg-listed multinational technology distribution and services group Datatec has reported a slight decline in headline earnings per share for its financial year ended 28 February 2013, despite a 4% improvement at the top line and a strong performance by its Logicalis subsidiary
Logicalis, a subsidiary of JSE-listed multinational IT group Datatec, has agreed to buy the European subsidiaries, excluding the UK business, of 2e2 for €24m (US$31m) in cash and new shares. Logicalis will acquire the business from the administrators of 2e2. In addition, the UK operations
JSE-listed global technology distribution and services company Datatec is lowering its forecasts for its full financial year, which ends on 28 February, due to a poor second-half performance at Westcon. Group revenues for the 2013 financial year are now expected to be about US$5,4bn, up from
It’s been a good year for most technology stocks listed on the JSE. One notable exception is Gijima, whose share price has tumbled by more than two-thirds in the past 12 months as investors fret about the company’s future. It’s lost nearly half its value since it published its annual results in
Datatec was trading off by more than 2% in midmorning trading on the JSE on Monday after it warned that its biggest subsidiary, technology distributor Westcon, experienced a weak third financial quarter. “Westcon’s performance in the third quarter has been
A unit of Logicalis, a subsidiary of Johannesburg- and London-listed technology group Datatec, has bought the Colombian and Ecuadorian operations of Cibercall for cash. The value of the deal, which is being done by
Johannesburg- and London-listed technology distribution and services group Datatec has grown diluted headline earnings per share by 6,8% in the six months ended 31 August 2012 on the back of a 7% rise in revenue to $2,62bn. Describing the results as “solid” in a
