Analysys Mason has snapped up German-based Allolio & Konrad in a deal expected to be finalised in March.

Datatec says it intends to continue to develop Logicalis globally through organic growth and acquisition activities.

Datatec welcomes a new BEE partner, which replaces MIC Investments after the 40% empowerment equity changed hands this week.

Logicalis purchases a 70% interest in Cilnet, a Cisco systems integrator; and acquires Orange Networks, a Microsoft services business.

The company acquires an IT services business with offices in Cape Town, Joburg, PE, Durban and East London.

Datatec's turnaround continues as it reports positive earnings and revenue of $4.33 billion for the year ended 28 February.

The managed ICT solutions provider appoints a new CISO, a hybrid IT and cloud practice manager, and a sales and marketing executive.

The international ICT solutions and services group reports an 8.7% increase in interim revenue, showing recovery after two years of declining interim revenues.

The Datatec subsidiary says the acquisitions will allow it to better serve its multinational clients while broadening its services scope.

CEO Jens Montanana took home $6.07 million last year, including a hefty $3.5 million bonus for the successful sale of Westcon Americas.

The JSE-listed group has appointed Ekta Singh-Bushell to the board and announced the retirement of Chris Seabrooke.

The sale of both Westcon Americas and Logicalis SMC resulted in a mixed bag of results for Datatec, with no dividend declared.