02 Jun - 2 min read
Acquisition of leading 5G integrator
Acquisition of leading 5G integrator Datatec Limited (Incorporated in the Republic of South Africa) (Registration number: 1994/005004/06) ISIN: ZAE000017745 Share Code: DTC ("Datatec") ACQUISITION OF LEADING 5G INTEGRATOR Datatec, the international Information and Communications Technology (ICT) company, announces that its subsidiary, Logicalis Group (Logicalis) has acquired Siticom, a leading 5G integrator based in Germany. Siticom has extensive skills in telecommunication and software defined networking architectures, IOT implementations and next generation Public and Private networks. It has developed strong relationships with many of the industry's leading 5G technology providers including Nokia, AirSpan, Druid Software and MetaSwitch (recently acquired by Microsoft). The acquisition will give Logicalis a platform to establish a pan-European centre-of-expertise in developing advanced networking integration capabilities around 5G and evolving Cloud orchestrated network interoperability. Logicalis also aims to expand these skill sets and application knowledge across Datatec to complement its existing capabilities in markets such as Latin America and Asia. Established in 2010, Siticom now has a team of 130 employees delivering solutions to clients across Europe, including some of the world's largest telecoms service providers, global financial market data providers and chemical park infrastructure operators. The company is headquartered in Frankfurt with additional offices in Cologne, Munich, Dresden and Bruchsal. Jens Montanana, Datatec's Chief Executive Officer, commented: "We are beginning to see the IT landscape being increasingly driven by edge computing using many forms of wireless technology and the applications world moving increasingly to Cloud based infrastructure. "Tomorrow's integrators will need to be able to knit these environments together and we believe the Siticom acquisition will give us a head start in the development of this knowledge with a view to transfer it across Datatec’s operations over time." Johannesburg 2 June 2021 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 02-06-2021 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.