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
Browsing: Datatec
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
A analysis of the annual reports of SA’s top technology companies – those with a market capitalisation above R1bn – show that Datatec CEO Jens Montanana is the highest paid CEO, at least among companies listed on the JSE. Montanana pipped MTN Group CEO Sifiso Dabengwa to the post, earning nearly US$3m in salary
Despite slowing growth as a result of a weakening economic environment, JSE-listed technology group Datatec says it is still on target to meet its full-year growth forecasts. The group on Wednesday published an interim management statement covering the four-month period between
Westcon, the distribution arm of JSE-listed IT group Datatec, will acquire Iberian and Latin American multinational security, virtualisation and data centre distributor Afina Group in a deal worth as much as €50m (R516m). The deal is being done by way of Westcon’s acquisition
Johannesburg- and London-listed technology distribution and services group Datatec has topped US$5bn in annual sales for the first time. In the financial year ended 29 February 2012, the group reported sales of $5,03bn, up 17% from $4,3bn a year earlier