Feeds

Cambridge IT firm sells out to South Africans

Another UK firm succumbs to the lure of the Rand

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

Black economic empowerment group PanTech has joined the ever growing list of South African companies hot on the acquisition trail in the UK. PanTech yesterday bought Cambridge-based Cruisequest, which will complement the South African company's IT division, BizTech. The UK consultancy and IT services company will become PanTech’s European subsidiary. It will be the European funnel for PanTech's products and services, as well as continuing to service its own customers. Cruisequest's clients include Marshal of Cambridge Aerospace and Denel Aviation. Bought from Alan Luus, the deal is subject to SA Reserve Bank approval. PanTech is flowing with the tide of South African offshore acquisitions in recent months. In September Gloucestershire-based distributor RBR Networks was bought by Datatec and Surrey corporate reseller Bytes Technology Group was bought USKO in October. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.