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Datatec Limited

Company type	Public Company ( JSE )
ISIN	ZAE000017745
Industry	Information Technology
Founded	1986
Headquarters	Johannesburg , South Africa
Key people	Jens Montanana, CEO [1]
Revenue	US$6.08 billion (2017) [2] US$6.45 billion (2016) [2]
Number of employees	8000+
Website	http://www.datatec.com

Datatec Limited , also known as Datatec Group , is an international ICT solutions and services group operating in more than 50 countries across North America, Latin America, Europe, Africa, Middle East, and Asia-Pacific. Through three core divisions, the Group offers Integration and Managed Services (Logicalis International and Logicalis Latin America) and Technology Distribution and Financial Services (Westcon International).

History [ edit ]

Datatec was founded in 1986 by Jens Montanana, who became the company's first CEO. ^[3] The company's shares started trading on the Johannesburg Stock Exchange in December 1994, with share code DTC. ^[3]

In 1996, Datatec launched a joint venture with UUNET to form UUNET Africa, an internet service provider. ^[4]

In 1997, the company began its international expansion and acquired UK -based IT firm Logical Networks, ^[5] which later changed its name to Logicalis. ^[6]

In June 1998, Datatec acquired a 92.5% stake in US distributor Westcon, for $160 million. The company then consolidated its five continent distribution business under the Westcon brand. ^[7]

In 1999, Datatec acquired communications consultancy Mason Communications. ^[8]

In November 2000, the company announced it was selling its stake in UUNET Africa to WorldCom . ^[9]

In 2004, Datatec acquired UK-based telecommunications research and consultancy firm Analysys for ￡12.8 million. Analysys was merged with Mason Communications and the new company was renamed Analysys Mason Group (AMG). ^[10]

In October 2006, the company was listed on the Alternative Investment Market (AIM) of the London Stock Exchange . ^[3]

In May 2014, the company spun off Mason Advisory from Analysys Mason, to focus on IT, cloud, security and mobile technology consulting. ^[11]

In June 2017, Datatec announced it was selling the North and Latin American operations of Westcon-Comstor, along with 10% of the remaining part of Westcon (Westcon International) to Fremont, CA -based IT supply chain services company Synnex , for a reported consideration of up to $830 million. ^[12]

In October 2017, Datatec announced they were planning to delist their secondary listing on the London AIM market on 8 December of that year, due to limited liquidity of the shares on AIM. ^[13]

In May 2018, Logicalis Group, a subsidiary of Datatec, has signed an agreement to acquire 100 percent of the issued share capital of Coasin, a Chilean ICT services provider that also operates in Peru . ^[14]

In August 2020, Datatec announced that its subsidiary Logicalis Latin America had acquired a 30% stake in Brazilian Kumulus. ^[15]

In June 2021, Logicalis Group acquired Siticom, a 5G integrator based in Germany . ^[16]

In July 2022, the business disposed of its management consulting subsidiary, Analysys Mason, for ￡210m (R4.12bn) to UK fund manager Bridgepoint Development Capital. ^[17]

Companies [ edit ]

Datatec's companies have three main divisions:

Technology distribution [ edit ]

• Westcon International ? a value-added distributor of security, collaboration, networking and datacentre .

IT managed services [ edit ]

• Logicalis ? an information and communications technology infrastructure and service provider.

Financial services [ edit ]

• Datatec Financial Services ? a financial services provider for customers and suppliers of Logicalis and Westcon-Comstor. ^[18]

References [ edit ]