Datatec

Datatec Limited, also known as Datatec Group, is a Johannesburg, South Africa-based multinational information and communications technology (ICT) services group. The group's main divisions are: Westcon International, dba Westcon-Comstor, a technology distributor; Logicalis, an IT managed services provider; and the companies Datatec Financial Services and Analysys Mason, which provide financing; and telecommunications, media and technology (TMT) consulting services, respectively.

Datatec Limited
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

It is listed on the Johannesburg stock exchange, and operates in more than 50 countries across six continents.[3]

History

Datatec was founded in 1986 by Jens Montanana, who became the company's first CEO.[4] The company's shares started trading on the Johannesburg Stock Exchange in December 1994, with share code DTC.[4]

In 1996, Datatec launched a joint venture with UUNET to form UUNET Africa, an internet service provider.[5]

In 1997, the company began its international expansion and acquired UK-based IT firm Logical Networks,[6] which later changed its name to Logicalis.[7]

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.[8]

In 1999, Datatec acquired communications consultancy Mason Communications.[9]

In November 2000, the company announced it was selling its stake in UUNET Africa to WorldCom.[10]

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).[11]

In October 2006, the company was listed on the Alternative Investment Market (AIM) of the London Stock Exchange.[4]

In May 2014, the company spun off Mason Advisory from Analysys Mason, to focus on IT, cloud, security and mobile technology consulting.[12]

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.[13]

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 limited liquidity of the shares on AIM.[14]

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.[15]

In August 2020, Datatec has announced that its subsidiary Logicalis Latin America has acquired a 30% stake in Brazilian Kumulus.[16]

In June 2021, Logicalis Group acquired Siticom, a 5G integrator based in Germany.[17]

Companies

Datatec's companies are in three divisions:

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

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

Consulting and financial services
  • Analysys Mason – a global consultancy and research firm specializing in the telecommunications, media and technology (TMT) sector.
  • Datatec Financial Services – a financial services provider for customers and suppliers of Logicalis and Westcon-Comstor.[18]

References
  1. Robinson, Duncan (17 October 2012). "Datatec seeks Latin American growth". Financial Times. Retrieved 4 May 2013.
  2. "Datatec 2017 Integrated report". datatec-reports.co.za. Retrieved 2017-09-15.
  3. "Datatec acquires majority stake in foreign cloud firm". fin24.com. 2017-07-04. Retrieved 2017-09-15.
  4. "Datatec celebrates 20 years on the JSE" (PDF). datatec. 29 February 2016. Retrieved 2017-09-15.
  5. "Once a Cape Town startup". brainstormmag.co.za. 2003-01-01. Retrieved 2017-10-02.
  6. "Datatec subsidiary Logicalis launches SA division". itweb.co.za. 2017-03-17. Retrieved 2017-09-15.
  7. "Logical opts for name change". itnews.com.au. 2017-10-27. Retrieved 2017-09-15.
  8. "Datatec in radical restructure". moneyweb.co.za. 2017-04-10. Retrieved 2017-09-15.
  9. "Datatec forms standalone IT consultancy". computerweekly.com. 2004-08-11. Retrieved 2017-09-15.
  10. "Datatec is to sell its UUNet for R850m". iol.co.za. 2000-11-15. Retrieved 2017-10-02.
  11. "Datatec buys Analysys for £12.8m". theregister.co.uk. 2004-08-11. Retrieved 2017-09-15.
  12. "Datatec Forms Mason Advisory". rrmediagroup.com. 2014-05-20. Retrieved 2017-09-15.
  13. "Datatec reaches agreement to sell Westcon-Comstor". itweb.co.za. 2017-06-06. Retrieved 2017-09-15.
  14. "Datatec to delist from London's AIM". businesslive.co.za. 2017-10-24. Retrieved 2017-10-24.
  15. "Telecompaper". www.telecompaper.com. Retrieved 2022-04-22.
  16. Staff Writer. "Datatec acquires 30% stake in Kumulus". Retrieved 2022-04-22.
  17. Staff Writer. "Datatec buys Germany based 5G integrator". Retrieved 2022-04-22.
  18. "Westcon's parent lands in Australia with finance business". crn.com.au. 2016-09-05. Retrieved 2017-09-15.
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