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DTC - Datatec Limited - Westcon acquires Indonesian it security and

Release Date: 16/02/2012 14:53
Code(s): DTC
Wrap Text

DTC - Datatec Limited - Westcon acquires Indonesian it security and networking distributor, Netpoleon DATATEC LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1994/005004/06) ISIN: ZAE000017745 Share Code: DTC ("Datatec") WESTCON ACQUIRES INDONESIAN IT SECURITY AND NETWORKING DISTRIBUTOR, NETPOLEON Datatec Limited ("Datatec", JSE/AIM: DTC), the international Information and Communications Technology (ICT) group, announces that its subsidiary Westcon has agreed to acquire the business of PT Netpoleon, ("Netpoleon"), an Indonesian value added distributor of IT security, networking and convergence solutions and provider of managed and training services. Prior to the acquisition, Netpoleon operated as a franchisee of Westcon Group in Singapore. The consideration is not disclosed and will be settled with $1 million worth of Datatec shares and the remainder in cash. This acquisition builds on Westcon`s presence in Southeast Asia and gives Westcon its first significant presence in Indonesia, a large and fast growing market in the region. It will enable Westcon to address its vendors` regional requirements and the needs of its multi-national customers more fully. Netpoleon has a portfolio of solutions that cover seven vendors and has been operated by the current management team since it started business in 2000. Netpoleon additionally provides customers with a broad array of services, ranging from managed services and maintenance, to implementation and training services. Netpoleon achieved unaudited revenues of $11 million for the year ended 31 December 2011. Jens Montanana, Datatec`s Chief Executive commented: "Indonesia is a rapidly developing market economy with the fourth largest population in the world. This move into Indonesia`s fast growing ICT sector allows Westcon to expand its vendors` regional presence and better service its customers` requirements. "Netpoleons` vendor portfolio is complementary and the acquisition offers opportunities for Westcon to expand into this market with its other vendor solutions, bringing significant possibilities for quickly increasing the market`s significance to Westcon." Enquiries: Datatec Limited (www.datatec.co.za) Ivan Dittrich - Chief Financial +27 (0) 11 233 1221 Officer Wilna de Villiers - Group +27 (0) 11 233 1013 Marketing Manager Jefferies International Limited - Nominated Advisor and Broker Chris Snoxall +44 (0) 20 7029 8000 finnCap - Broker Charlie Cunningham/Tom Jenkins +44 (0) 20 7220 0500 College Hill Adrian Duffield/Rozi Morris (UK) +44 (0) 20 7457 2020 Frederic Cornet (SA) +27 (0) 11 447 3030 Sandton 16 February 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 16/02/2012 14:53:01 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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