Datatec acquires majority stake in foreign cloud firm

Johannesburg - South African headquartered IT firm, Datatec, acquired a majority 51% stake in South American cloud management company, NubeliU, the company said on Tuesday.

"This acquisition is an important step for Logicalis to enhance its position as a leading cloud integrator," Jens Montanana, Datatec CEO, said in a statement on SENS.

The acquisition is part of Logicalis' strategy to position itself as a cloud integrator, and strengthens its commitment to the opensource community, in particular with OpenStack, which is essential for large SDx (Software Defined everything) and cloud computing projects.

Datatec [JSE:DTC] is an international ICT solutions and services group operating in more than 70 countries across North America, Latin America, Europe, Africa, Middle East and Asia-Pacific.

NubeliU was founded in January 2014 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.

From its operations in Argentina and Brazil, it can deliver its service offerings remotely around the globe.

Datatec said that NubeliU's expertise in OpenStack will accelerate the global expansion of Logicalis' 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.

Datatec's share price, with a market value of around R12.72bn, was down 1.1% to R59.34 at the close of the JSE.

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