Datatec sub­sidiary ac­quires 51% stake in Nube­liU

The Star Early Edition - - COMPANIES - Sandile Mchunu

IN­TER­NA­TIONAL in­for­ma­tion and com­mu­ni­ca­tion tech­nol­ogy (ICT) group Datatec has an­nounced that its sub­sidiary, Log­i­calis Group, has ac­quired a 51 per­cent stake in Nube­liU for an undis­closed amount.

The com­pany said it bought the stake at Nube­liU, a South Amer­i­can-based com­pany spe­cial­is­ing in cloud com­put­ing projects based on OpenS­tack, yes­ter­day, mak­ing it the sec­ond ac­qui­si­tion by Log­i­calis in less than two weeks fol­low­ing the con­clu­sion of a 54 per­cent stake in In­done­sian com­pany Packet Sys­tems In­done­sia for $6.8 mil­lion (R89.28m) to­wards the end of last month.

Datatec chief ex­ec­u­tive Jens Mon­tanana said the pur­chase of the Nube­liU stake was an im­por­tant step in the com­pany’s quest to spread its wings across the globe.

“This ac­qui­si­tion is an im­por­tant step for Log­i­calis to en­hance its po­si­tion as a lead­ing cloud in­te­gra­tor,” said Mon­tanana.

Datatec said the ac­qui­si­tion was part of Log­i­calis’s strat­egy to po­si­tion it­self as a cloud in­te­gra­tor as it strength­ens its com­mit­ment to the open source com­mu­nity, in par­tic­u­lar with OpenS­tack, es­sen­tial for large soft­ware de­fined ev­ery­thing (SDx) and cloud com­put­ing.

Nube­liU was founded in Jan­uary 2015 by the team that de­ployed the first pro­duc­tion clouds in OpenS­tack, which is seen as one of the foun­da­tions for the in­dus­try’s fu­ture in­fra­struc­ture. Datatec said Nube­liU in­te­grated OpenS­tack en­vi­ron­ments with cus­tomers’ ex­ist­ing plat­forms across mul­ti­ple ven­dor prod­uct lines.

Global of­fer­ings

The com­pany said from its op­er­a­tions in Ar­gentina and Brazil, Nube­liU was able to de­liver its ser­vice of­fer­ings re­motely around the globe.

“This ac­qui­si­tion forms the ba­sis for es­tab­lish­ing a Log­i­calis Global OpenS­tack prac­tice. Nube­liU’s ex­per­tise in OpenS­tack will ac­cel­er­ate the global ex­pan­sion of Log­i­calis’s cloud com­put­ing and SDx prac­tices, strength­en­ing its po­si­tion as a cloud in­te­gra­tor and en­sur­ing its abil­ity to meet its cus­tomers’ re­quire­ments on their jour­ney to dig­i­tal trans­for­ma­tion,” added Mon­tanana.

It re­mains to be seen whether the re­cent ac­qui­si­tions will boost the group’s earn­ings in the fu­ture.

Log­i­calis is one of Datatec’s main di­vi­sions. It is an in­fra­struc­ture so­lu­tions and ser­vices unit which ac­counts for 25 per­cent of Datatec rev­enue. The other main divi­sion is West­con-Com­stor, a dis­trib­u­tor of se­cu­rity, uni­fied com­mu­ni­ca­tions, net­work­ing and data-cen­tre prod­ucts.

We­ston-Com­stor ac­counts for 74 per­cent of the group’s rev­enue. The mi­nor divi­sion is cor­po­rate, con­sult­ing and fi­nan­cial ser­vices, which ac­counts for 1 per­cent of the rev­enue.

At the end of May, Datatec re­ported a de­cline in prof­its for the year to end Fe­bru­ary as its trad­ing dur­ing the pe­riod was ma­te­ri­ally af­fected in the last quar­ter by the roll-out of the SAP ERP sys­tem and BPO across West­con-Com­stor’s op­er­a­tions in the Europe, Mid­dle East and Africa and Asi­aPa­cific re­gions.

As a re­sult, the group re­ported rev­enue of $6.08 bil­lion, down from $6.45bn, while earn­ings be­fore in­ter­est, tax, de­pre­ci­a­tion and amor­ti­sa­tion came in at $118.9m.

Datatec shares dropped 1.10 per­cent on the JSE yes­ter­day to close at R59.34.

PHOTO: LEON NICHOLAS

Datatec’s chief ex­ec­u­tive, Jens Mon­tanana, says the pur­chase is a sig­nif­i­cant step.

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