Datatec / Logicalis Acquires Brisbane IT Service Provider Corpnet for A$3.3m

1 May 2012 – Datatec Limited (JSE/AIM: DTC), the international Information and Communications Technology (ICT) group, has announced that its UK-based subsidiary Logicalis has agreed to acquire Corpnet, a Brisbane-based provider of IT solutions including data centre, cloud and managed services solutions, to the Queensland, Australia mid-sized and enterprise markets. Corpnet is the primary business of NSX-listed (Australian National Stock Exchange) listed and Brisbane-based e-business systems limited.

The acquisition consideration comprises $2.7m on completion with an additional potential earn-out payment of $0.6m and is contingent upon approval by the seller’s shareholders.

Corpnet has annualised revenues of approximately A$20 million and has become one of the leading datacentre services and managed services providers in Queensland. Its service offerings, skill base and vendor accreditations will build upon Logicalis’ existing datacentre and managed services expertise in Australia.

Jens Montanana, Datatec’s Chief Executive said: “This addition to our Australian business expands our existing offering and brings important complementary skills and resources. We can now deliver new cloud-based services and a stronger end-to-end managed services portfolio to the Australian market.”

This acquisition enables Logicalis to become a significant player in the Queensland market, primarily in the Finance, Mining and Construction and Travel sectors, and builds upon Logicalis’ existing data centre and managed services expertise. Corpnet has strong storage and virtualisation expertise and has built its cloud-based services to deliver Infrastructure-as-a-Service (IaaS), as well as Managed Backup and DR-as-a-Service offerings that complement Logicalis’ managed services portfolio.

Corpnet was founded in 2001 and later merged with e-Business Systems Ltd in 2008. Since its founding, the company has grown to achieve annualised revenues of approximately $20 million and become one of the leading datacentre services and managed services providers in Queensland. Corpnet holds the highest level of certification with EMC and is EMC’s largest storage reseller in Queensland. The company’s datacentre vendor accreditations also include Cisco, Hitachi, VMware and Commvault.

Ian Cook, Chief Executive of Logicalis Group, said: “This acquisition further enhances our ability to serve the Australian market and complements and augments our managed services business, adding important skilled resources and new cloud-based services, enabling us to deliver a stronger end-to-end managed services portfolio to new and existing clients.

About Corpnet

Corpnet is a Brisbane-based data centre integrator and managed services provider, which delivers business and technology solutions to mid-market and enterprise clients throughout Australia. Corpnet is owned by e-Business Systems Ltd, a technology investment company listed on the NSX with a clear focus on e-business. A leading data centre service provider in Queensland, Corpnet’s services range from strategic planning to implementation to support, including managed and cloud services that virtualise the computing environment and mitigate IT risk. Corpnet works with a number of leading Australian firms of all sizes, from start-ups to multinationals in the public and private sectors and almost every industry.

About Logicalis

Logicalis is an international IT solutions and managed services provider with a breadth of knowledge and expertise in communications and collaboration; data centre and cloud services; and managed services. With its international headquarters in the UK, Logicalis Group employs nearly 2,500 people worldwide, including highly trained service specialists who design, specify, deploy and manage complex ICT infrastructures and data centre solutions to meet the needs of over 6,000 corporate and public sector customers.

Logicalis partners with Cisco, HP, IBM and Microsoft on an international basis and has specialised solutions for enterprise and medium sized companies in the financial services, retail, manufacturing, and professional service sectors helping these companies benefit from cutting-edge technologies in a cost effective way. We also work with Service Providers and many public sector organisations in local government, education and healthcare.

The Logicalis Group has annualised revenues of over $1 billion, from operations in the UK, US, Germany, Latin America and Asia Pacific, and is fast establishing itself as one of the leading IT and Communications service providers, specialising in the areas of advanced technologies and services

The Logicalis Group is a division of Datatec Limited (DTC), a $5 billion multi-national Group listed on the AIM market of the LSE and the Johannesburg Stock Exchange.

About Datatec

Datatec is an international networking and IT services company, with operations in many of the world’s leading economies.
The group employs over 5,000 employees in the following principal subsidiaries:

Logicalis – an international provider of integrated ICT solutions
Westcon – one of the world’s largest distributors of convergence, security and IP products sourced largely from global market leaders Cisco, Avaya and Nortel
Analysys Mason – a leading telecommunications, convergence, IT strategy and management consultancy, providing business solutions to public and private sector organisations world-wide
Intact – an independent, international networking IT services and support company focussed on advanced technologies to partners across a spectrum of vendors, VARs, Systems Integrators and Telcos

Posted in M&A - Austr - S/W & Services and tagged , , , , , , , , , .