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17 Mar 2011 07:00
17 March 2011
Datatec Limited
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 £7.3 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 £7.3 million in cash (£6.0 million on completion and £1.3 million one year later) and assume £0.7 million of debt.
Inca's interim results for the six months ended 31 July 2010 disclosed unaudited revenues of £4.3 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 |
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 |
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