Landis buys Datrontech arm
Landis has bought Data Connectivity, the networking equipment arm of bust distie Datrontech from the receivers, Microscope reports.Quoting unnamed sources, it says Data Connectivity boss James Morgan and eight other employees will join Landis. This will form the basis of public networks division to target the telecommunications industry.
Horizon Technology, the big Sun reseller, has bought Commerce Net Trading International, a London-based Net infrastructure player specialising in ecommerce transactions, for up to £18m.
Only £3.4 million is payable in cash and loan notes up front, while £18m 13 million in shares is subject to performance over the next three years. The balance. £700k in cash, is subject to performance over the next 18 months
Compel has settled wrongful dismissal claims by Info'products UK staff, who were made redundant when their company was taken over by the Welwyn Garden City- based reseller. Compel is said to be 'comfortable' with the out of court settlement, Microscope reports.
Softline AG, a quoted German software retailer, has bought Rapid Group, a networking and Mac specialist reseller based in Surrey. Terms were undisclosed Rapid claims a turnover of 27 million euros.
MMT Computing recently announced it was in talks to be bought by another company. No longer, yesterday it said it had terminated talks 'after serious consideration'. It didn't think the offer was high enough.
Reed Exhibitions is launching a new show-cum- conference for the 'e-merging channel'. e-channel 2001 is aimed at traditional VARs, ASPs, e-service specialists and telecom integrators and runs from May 21-May 23, 2001 at ExCeL in London.
The show is a joint event with RBI's Ch@nnel 2000 magazine, formerly called The Var, and which changes its name next year to Ch@nnel 2001. That's not magazine branding, that's a calendar.
Compaq UK has appointed A2000 as a specialist mobile distributor, wholesaling, among other things the vendor's recently launched iPAQ Pocket PC.