DTC - Datatec Limited - Acquisition of Inca Software

DTC - Datatec Limited - Acquisition of Inca Software                            
DATATEC LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1994/005004/06)                                           
ISIN: ZAE000017745                                                              
Share Code: DTC                                                                 
ACQUISITION OF INCA SOFTWARE                                                    
Datatec Limited ("Datatec", JSE/AIM: DTC), the international Information and    
Communications Technology (ICT) group, announces that its subsidiary            
Logicalis has agreed to acquire Inca Software Limited ("Inca") from its         
parent company, Avisen Plc (AIM: AVI), for a total equity value consideration   
of GBP7.3 million.                                                              
Inca is the largest and most successful IBM Cognos partner in the UK.  It       
provides customers with the full suite of IBM business analytics products and   
has implemented solutions for over 400 companies across all industry sectors.   
The acquisition creates one of the first UK systems integrators capable of      
delivering the full suite of next generation business transformation tools;     
analytics, collaboration and cloud computing.                                   
Logicalis will pay a maximum of GBP7.3 million in cash (GBP6.0 million on       
completion and GBP1.3 million one year later) and assume GBP0.7 million of      
debt.                                                                           
Inca`s interim results for the six months ended 31 July 2010 disclosed          
unaudited revenues of GBP4.3 million.                                           
Jens Montanana, Datatec`s Chief Executive commented:                            
"This acquisition opens up a new stream of expertise in analytics to            
Logicalis` customers, and will give it a unique and compelling proposition.     
By combining Logicalis` expertise in collaboration and cloud computing with     
Inca`s expertise in business analytics, Logicalis will be able to help its      
customers to become smarter organisations.                                      
"Both Logicalis and Inca are IBM Premier Partners so this acquisition also      
helps to strengthen this strategically important relationship."                 
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                


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17 March 2011                                                                   
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 17/03/2011 09:00:11 Supplied by www.sharenet.co.za                     
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