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DTC - Datatec Limited - Logicalis acquires Detroit IT Service Business Netarx Datatec Limited (Incorporated in the Republic of South Africa) (Registration number: 1994/005004/06) ISIN: ZAE000017745 Share Code: DTC LOGICALIS ACQUIRES DETROIT IT SERVICE BUSINESS NETARX Datatec Limited ("Datatec", JSE/AIM: DTC), the international Information and Communications Technology (ICT) group, announces that its subsidiary Logicalis has acquired the business and assets of Netarx LLC ("Netarx") a Cisco Gold partner and provider of managed services, data centre and collaborative IT solutions to customers in the mid-west USA. The maximum consideration of $34 million will be paid in a combination of cash and deferred Datatec shares in order to align management shareholders who will be assuming key positions in the Logicalis US organisation. Based in Detroit Michigan, Netarx has annualised revenues of approximately $60 million and more than 220 employees. This acquisition builds upon Logicalis` existing strong mid-western presence by expanding its IT consulting and services business and enhancing Logicalis` Managed Services capabilities through the addition of Netarx`s proven expertise in collaboration and data centre technologies. The acquisition also brings significant cross selling opportunities as there is little overlap between Logicalis` existing customer base and Netarx`s offering in the Michigan area. Jens Montanana, Datatec`s Chief Executive commented: "This acquisition builds on the already strong position held by Logicalis in the mid-west region, and will give Logicalis a dominant position within the Michigan solutions market. "Both Logicalis and Netarx are Cisco Gold Partners so this acquisition also helps to strengthen this strategically important relationship." Enquiries: Datatec Limited (www.datatec.co.za) Ivan Dittrich - Chief Financial +27 (0) 11 233 1221 Officer Wilna de Villiers - Group Marketing +27 (0) 11 233 1013 Manager 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 4 July 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 04/07/2011 08:15:12 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.
