Listed ICT player, Datatec has announced that subsidiary, Logicalis Group, has acquired a 51% shareholding in Ituma, a speciality software developer based in Germany.<\/p>\n
The financial terms of the deal were not disclosed.<\/p>\n
Logicalis will have exclusive rights to Ituma’s proprietary software-based Wi-Fi platform.<\/p>\n
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.<\/p>\n
Established as a start-up company in 2010, Ituma has highly specialised skills and a unique offering.<\/p>\n
The acquisition presents a significant opportunity for Logicalis to grow Ituma’s
\nlicence revenues exponentially and increase infrastructure revenues globally through its
\nown sales organisation, Datatec said.<\/p>\n
Jens Montanana, Datatec’s CEO said: “Wi-Fi enabled-services is an exciting segment of the growing global wireless data market.”<\/p>\n
“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.”<\/p>\n
Datatec revenue up 8%<\/a><\/strong><\/p>\n Datatec forecasts dip in profits<\/strong><\/a><\/p>\n