Browsing: Datatec

In the run up to its full-year results presentation next month, JSE-listed multinational IT group Datatec says it has continued to improve its performance with economic conditions improving

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

JSE-listed multinational IT group Datatec has sold 26% of its SA distribution business, Westcon SA, to the Mineworkers Investment Company for R28m.

Mustek has rejected a R101m offer from Datatec for distribution business Comztek, in which it holds a 41,8% stake. Datatec first announced its offer to buy Comztek at the beginning of September, offering R97m in its initial bid

Multinational IT group Datatec has continued to improve its performance in line with a recovery in the global economy, boosting revenue in the first half of its financial year by 19%, to US$2,13bn. However, CEO Jens Montanana says the group is looking

JSE-listed multinational IT group Datatec has agreed to buy up the 2,6% of its subsidiary Westcon, which it does not own already, for US$14,2m. The group says the transaction will be conducted through Westcon itself

Datatec subsidiary Logicalis has acquired Singapore-based unified communications business Touchbase for an undisclosed amount. JSE- and London-listed Datatec says Touchbase has annual revenues of around US$8m. Touchbase will be integrated into Logicalis’s Singapore operation.

JSE- and London-listed IT group Datatec has acquired security distributor Biodata IT for an undisclosed amount. The group plans to merge Biodata IT with its Westcon business in line with its strategy boost its presence in the IT security market.

Johannesburg- and London-listed technology group Datatec is on track to produce revenues of between US$4,1bn and $4,2bn by the end of its financial year. In an interim management statement released to shareholders on Thursday, the company said the recovery of global markets had driven an improved half-year for the technology business over the same period last year.

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