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Dimension Data Australia Acquires The Securedata Group

  • 01 December, 2004 17:25

<p>Sydney – 1 December 2004 – Dimension Data Australia (Dimension Data) today announced that it has finalised the acquisition of the SecureData Group’s (SDG) business and its interest in SQL Services. This follows the signing of a heads of agreement last week (please refer to media release issued 26 November 2004, Dimension Data Australia Signs Heads of Agreement to Acquire the SecureData Group).</p>
<p>“There are strong synergies between Dimension Data and the SecureData Group and as such this acquisition represents a logical step for the company”, said Steve Nola, CEO of Dimension Data Australia. “SDG has built up an enviable reputation as a niche systems integrator focused primarily in the areas of storage, back-up, server and database management. This in turn translates into a high degree of strategic fit with Dimension Data’s local and global data centre solutions (DCS) business”.</p>
<p>The purchase provides significant benefit to Dimension Data in the acquisition of a complimentary team of skilled and experienced staff, a strong client base and excellent intellectual property. Over 50 per cent of SDG’s employees will be transferred into Dimension Data’s DCS business and it is expected that the acquisition will have minimal impact on Dimension Data’s current structure and reporting lines.</p>
<p>Additionally, the acquisition of the intellectual property associated with managed database services will offer Dimension Data the opportunity to leverage this capability on a global basis.</p>
<p>Customer response to the acquisition has been very positive with the integrated company able to provide a greater strength and depth of service offering and solutions to the market. Dimension Data Australia is committed to service continuity for SDG’s customer base.</p>
<p>As a result of the acquisition, Dimension Data will also acquire SDG’s 51 per cent shareholding in SQL Services in New Zealand. The scope of transaction does not encompass the purchase of SDG’s former subsidiary, Databank, which will continue to trade independently.</p>
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