Datatec in German software developer acquisition
Listed ICT player, Datatec has announced that subsidiary, Logicalis Group, has acquired a 51% shareholding in Ituma, a speciality software developer based in Germany.
The financial terms of the deal were not disclosed.
Logicalis will have exclusive rights to Ituma’s proprietary software-based Wi-Fi platform.
The technology enables businesses to deliver Wi-Fi-enabled services such as 3D in-location navigation, product and service offerings access, product promotions and omni-channel retail ordering to their customers.
Established as a start-up company in 2010, Ituma has highly specialised skills and a unique offering.
The acquisition presents a significant opportunity for Logicalis to grow Ituma’s
licence revenues exponentially and increase infrastructure revenues globally through its
own sales organisation, Datatec said.
Jens Montanana, Datatec’s CEO said: “Wi-Fi enabled-services is an exciting segment of the growing global wireless data market.”
“Our investment in Ituma provides Logicalis with access to a new complementary solution that has the potential to support increases in annuity, services and infrastructure revenues across multiple territories in which Logicalis operates.”
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