Johannesburg Securities Exchange-listed IT multinational Datatec is keeping the corporate action simmering.
Just a day after saying it would conclude a new empowerment deal at its local distribution business, Westcon South Africa, it’s announced its Logicalis subsidiary is buying a $20-million revenue United States networking specialist, Network Infrastructure Corporation (NIC).
Datatec has not disclosed the value of the deal.
NIC focuses mainly on the south-western US and is a Cisco gold partner. “It’s one of the few remaining independently owned Cisco gold partners in the US,” Datatec said.
The company will be integrated into Logicalis’s US operation to strengthen its presence in the south-west.
Logicalis will deploy some of NIC’s best practices nationally, particularly in the education vertical, to other regional operations in the US, Datatec CEO Jens Montanana said.
Datatec shares have gained 21,7% on the JSE in the past 12 months. — TechCentral