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Didata doubles NZ business with deal

Oct 06 2010 07:57 Reuters

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Johannesburg - Dimension Data Holdings [JSE:DDT] is buying Integral Axon Computer Systems, a privately owned New Zealand IT services firm, for an undisclosed sum, the South African IT firm said on Wednesday. The acquisition of Integral Axon, which has gross assets of NZ$37.9 million (R197m) will, enable Datacraft New Zealand, Didata's unit, to double its business in size and scale.

"The acquisition will reposition our value from an integrator to become an outsourcing partner in our chosen market segment - second tier enterprise outsourcing," said Robin Hartendorp, managing director of Datacraft in New Zealand.

Didata is being acquired by Japan's Nippon Telegraph and Telephone Corp for $3.2bn as it seeks growth in emerging markets to offset a stagnant economy at home. 
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