JSE and LSE-listed global ICT firm, Datatec, on Thursday said its wholly-owned subsidiary, Westcon Group (Westcon), had bought the assets of US-based Verecloud, Inc. (Verecloud), the maker of a progressive channel distribution platform for cloud and services solutions, for $12 million in shares.

Jens Montanana, Datatec’s CEO, said this acquisition will allow Westcon to attract influential channel-optimised cloud solutions.
“Over the past 18 months, they have co-developed a truly differentiated cloud go-to-market capability. They are well positioned to leverage the potential that cloud has for technology vendors, and for resellers to broaden their service solutions,” Montanana said.

Launched in 2006, Verecloud’s cloud services platform “aggregates best-in-class cloud solutions and services.” It also acts as a brokerage, supplying companies with total entry and control of all their cloud applications from one portal.

Montanana said the platform will be merged into Westcon’s Cloud Solutions Practice. It will also launch the foundation for its cloud “go-to-market solution” which is intended to assist resellers push critical income from cloud-enabled services.

Datatec said formal applications have been made to the JSE and LSE for the listing of the 1.9 million first tranche shares.

This is likely to become effective next week. After this issue, Datatec will have an issued share capital of 199,5 million shares of which 105,9 million are treasury shares.