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Dimension Data Australia Signs Heads Of Agreement To Acquire The SecureData Group

  • 26 November, 2004 12:03

<p>Sydney – 26 November 2004 – Dimension Data Australia today announced that it has signed a heads of agreement to acquire the SecureData Group’s business and its interest in SQL Services. This heads of agreement is subject to the completion of due diligence. The decision to acquire SecureData was based on the high degree of strategic fit with Dimension Data’s local and global data centre solutions (DCS) business.</p>
<p>SecureData Group (SDG) is an industry leader in the provision of enterprise IT infrastructure services in Australia. It has a core group of skill-sets in databases, servers and operating systems, storage, security, backup, recovery and replication, which will positively enhance Dimension Data’s service offerings in Australia. Additionally, the acquisition of the intellectual property associated with the managed database services provides Dimension Data with the opportunity to leverage this capability on a global scale.</p>
<p>According to Steve Nola, CEO of Dimension Data Australia, the acquisition of SDG will be of direct benefit for Dimension Data’s customers. “We will be able to offer our customers a greater depth and strength in Dimension Data’s services and solutions, enhanced by a number of more specific offerings, value propositions and capabilities that can be provided by the skilled and highly-focused SecureData team.”</p>
<p>Commenting on this announcement, Evan Penn, managing director, SDG said, “There are clear synergies between the two organisations and a unity in our business vision. Our customers will benefit by having access to Dimension Data’s broader range of capabilities while our partners see this acquisition as having a significant degree of strategic fit between the organisations.”</p>
<p>Dimension Data's acquisition of SDG will not involve the purchase of SDG's former subsidiary, DataBank, which will continue to trade independently.</p>
<p>As a result of this acquisition, Dimension Data will acquire a 51 per cent shareholding in SQL Services Limited in New Zealand.</p>
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