Buying Corpnet will expand Datatec’s Logicalis subsidiary’s existing offering and add complementary skills and resources, says CEO Jens Montanana.
Dual-listed Datatec says its Logicalis subsidiary will buy Corpnet, a Brisbane-based provider of IT solutions, for $2.7 million and a potential earn-out payment of $600 000.
Corpnet’s offerings include data centre, cloud and managed services solutions, which it supplies to Queensland, Australia, mid-sized and enterprise markets.
CEO Jens Montanana says the addition to its Australian business “expands our existing offering and brings important complementary skills and resources”. Datatec can now deliver new cloud-based services and a stronger end-to-end managed services portfolio to the Australian market, he adds.
Datatec says in a statement that it will pay $2.7 million when the deal is complete and there is an additional potential earn-out payment of $600 000. The deal needs approval from the seller’s shareholders.
Corpnet has annualised revenue of about $20 million and has become one of the leading data centre services and managed services providers in Queensland, says Datatec. Its service offerings, skill base and vendor accreditations will build upon Logicalis’ existing data centre and managed services expertise in Australia.
In February, Datatec said its Westcon subsidiary would buy Indonesian value-added distributor PT Netpoleon for an undisclosed amount.
Datatec, which will present its annual results on 16 May, expects to report revenue of about $5 billion compared with $4.3 billion in 2011. After tax profit should be about $84 million compared with $46 million.