Tuesday, July 17, 2007

Datatec unit buys US ReView Video for $25 mln

(Reuters) - South African IT firm Datatec has acquired a U.S. video-conferencing and Voice over Internet distributor for $25 million to help boost its voice technology business, it said on Wednesday.

Datatec Ltd, which is listed in London and Johannesburg, said in a statement its unit Westcon would pay for the acquisition of ReView Video's assets with cash, and said the deal would enhance earnings in this financial year.


Read more at Reuters Africa

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