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DTC - Datatec Limited - Acquisition of Direct Visual

Release Date: 24/01/2011 09:00
Code(s): DTC
Wrap Text

DTC - Datatec Limited - Acquisition of Direct Visual Datatec Limited (Incorporated in the Republic of South Africa) (Registration number: 1994/005004/06) ISIN: ZAE000017745 Share Code: DTC ACQUISITION OF DIRECT VISUAL Datatec Limited ("Datatec", JSE/AIM: DTC), the international Information and Communications Technology group, announces that its subsidiary Logicalis Group Limited ("Logicalis") has agreed to acquire Direct Visual Limited ("Direct Visual"), a Tandberg (now part of Cisco) Platinum Partner based in the UK, for a cash consideration. Direct Visual is one of the UK`s leading independent suppliers of video communications with a strong audio-visual and managed service offering. It has annual revenues of approximately US$15million. The full terms of the consideration have not been disclosed. The business will be integrated into Logicalis` Unified Communications and Collaboration (UCC) operation to strengthen its video offering. Jens Montanana, Datatec`s Chief Executive commented: "This acquisition is a great opportunity for Logicalis to develop its video business in line with its UCC capabilities, and further broaden the offerings within its managed services and cloud computing expertise." Enquiries: Datatec Limited (www.datatec.co.za) Ivan Dittrich - Chief Financial Officer +27 (0) 11 233 1221 Wilna de Villiers - Group Marketing Manager +27 (0) 11 233 1013 Jefferies International Limited Chris Snoxall +44 (0) 20 7029 8000 College Hill Adrian Duffield/Rozi Morris (UK) +44 (0) 20 7457 2020 Frederic Cornet (SA) +27 (0) 11 447 3030 24 January 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24/01/2011 09:00:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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