Datatec Limited “Datatec” or “the Group” (JSE/AIM: DTC), the international Information and Communications Technology (ICT) group, announces that its subsidiary Westcon Group European Operations Limited (“Westcon”) has acquired the Austrian value added security distributor Triple AcceSSS IT GmbH (“Triple AcceSSS”) along with its Swiss subsidiary (the “Transaction”). The consideration is not disclosed.
The Transaction expands Westcon’s security business footprint in Europe and given Triple AcceSSS’ similar vendor portfolio, strengthens Westcon’s relationships with security vendors such as Trend Micro, F5, Blue Coat and BlueCat as well as adding new vendors to Westcon’s portfolio such as Lifesize.
Triple AcceSSS has a portfolio of solutions covering 20 vendors and has been operated by the current management team since being incorporated in 2006. Triple AcceSSS provides customers with a broad array of professional services including training, help desk, and third level support services. Triple AcceSSS is expected to report revenues in excess of €14 million for its financial year ended 30 June 2012.
Jens Montanana, Datatec’s Chief Executive commented “This acquisition closes a clear gap in the Westcon security business’ European footprint, allowing Westcon to now address needs of customers in the important DACH (Germany, Austria, Switzerland) market place.
“Triple AcceSSS’ vendor portfolio is complementary and the acquisition also offers opportunities for Westcon to address customer needs within adjacent territories such as Hungary, Romania and the Balkans.”