Datatec interim profits up five-fold
Company will brand Logical name worldwide
South African technology and services group Datatec reported turnover and profits up by a staggering 405 per cent and 513 per cent respectively, for its interim six months up to the end of September this year. The company, which has spent this year establishing a considerable presence in the UK, Canadian, Australian and French marketplaces, said its international operations now account for over 75 per cent of its operating profits. And Datatec said it will continue to expand by acquiring foreign firms, not only in Europe and Australia but also in North America. Network integration is the main cash cow, according to the company. Companies Datatec has acquired recently include US company Westcon, UK firm RBR and, more recently Network SI. Jens Montarana, Datatec's executive chairman, said that all of the businesses it has acquired will trade under the Logical brand. Montarana said that Datatec's intention was to make Logical a leading international brand. The company will also make inroads into the e-commerce market. It has a joint venture with SA retail group Wooltru and has started the "Web Factory" to mirror the group's UK business, he said. ®
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