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Datatec

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Datatec Limited
Company typePublic Company (JSE)
ISINZAE000017745
IndustryInformation Technology
Founded1986
Headquarters
Johannesburg
,
South Africa
Key people
Jens Montanana, CEO[1]
Revenue
  • Decrease US$6.08 billion (2017) [2]
  • Increase US$6.45 billion (2016)[2]
Number of employees
8000+
Websitehttp://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, the Middle East, and the 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

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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 a share code of 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 [3], which later changed its name to Logicalis. [5]

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. [6]

In 1999, Datatec acquired communications consultancy Mason Communications.[7]

In November 2000, the company announced it was selling its stake in UUNET Africa to WorldCom. [8]

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). [9]

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. [10]

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. [11]

In October 2017, Datatec announced they were planning to delist their secondary listing on the London AIM market on December 8 of that year due to the limited liquidity of the shares on AIM. [12]

In May 2018, Logicalis Group, a subsidiary of Datatec, signed an agreement to acquire 100 percent of the issued share capital of Coasin, a Chilean ICT services provider that also operates in Peru. [13]

In August 2020, Datatec announced that its subsidiary Logicalis Latin America had acquired a 30% stake in Brazilian Kumulus. [14]

In June 2021, Logicalis Group acquired Siticom, a 5G integrator based in Germany. [15]

In July 2022, the business disposed of its management consulting subsidiary, Analysys Mason, for £210m (R4.12bn) to UK fund manager Bridgepoint Development Capital. [16]

Companies

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Datatec's companies have three main divisions:

IT managed services

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

Financial services

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  • Datatec Financial Services – a financial services provider for customers and suppliers of Logicalis and Westcon-Comstor.[17]

References

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  1. ^ Robinson, Duncan (17 October 2012). "Datatec seeks Latin American growth". Financial Times. Retrieved 4 May 2013.
  2. ^ a b "Datatec 2017 Integrated report". datatec-reports.co.za. Retrieved 15 September 2017.
  3. ^ a b c "Datatec celebrates 20 years on the JSE" (PDF). datatec. 29 February 2016. Retrieved 15 September 2017.
  4. ^ "Once a Cape Town startup". brainstormmag.co.za. 1 January 2003. Retrieved 2 October 2017.
  5. ^ "Logical opts for name change". itnews.com.au. 27 October 2017. Retrieved 15 September 2017.
  6. ^ "Datatec in radical restructure". moneyweb.co.za. 10 April 2017. Retrieved 15 September 2017.
  7. ^ "Datatec forms standalone IT consultancy". computerweekly.com. 11 August 2004. Retrieved 15 September 2017.
  8. ^ "Datatec is to sell its UUNet for R850m". iol.co.za. 15 November 2000. Retrieved 2 October 2017.
  9. ^ "Datatec buys Analysys for £12.8m". theregister.co.uk. 11 August 2004. Retrieved 15 September 2017.
  10. ^ "Datatec Forms Mason Advisory". rrmediagroup.com. 20 May 2014. Archived from the original on 29 August 2022. Retrieved 15 September 2017.
  11. ^ "Datatec reaches agreement to sell Westcon-Comstor". itweb.co.za. 6 June 2017. Retrieved 15 September 2017.
  12. ^ "Datatec to delist from London's AIM". businesslive.co.za. 24 October 2017. Retrieved 24 October 2017.
  13. ^ "Telecompaper". www.telecompaper.com. Retrieved 22 April 2022.
  14. ^ Staff Writer. "Datatec acquires 30% stake in Kumulus". Retrieved 22 April 2022.
  15. ^ Staff Writer. "Datatec buys Germany based 5G integrator". Retrieved 22 April 2022.
  16. ^ "Datatec sells management consulting unit for R4bn".
  17. ^ "Westcon's parent lands in Australia with finance business". crn.com.au. 5 September 2016. Retrieved 15 September 2017.
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