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Datatec subsidiary reshuffles investments

By Staff Reporter, ITWeb
Johannesburg, 02 Nov 2001

Datatec subsidiary Logical Group has disposed of Swiss-based Logical Solutions, while simultaneously increasing its stake in Australian company Secure 24 to 100%.

Logical Solutions, a packaged application integration and desktop services business, has been sold to a consortium of investors, including the current management.

Secure 24 is a network security company which was a joint venture between the UK-based Logical Group and Australasian technology group Mentum.

The group says the moves will enhance its core competencies and profitability, and Logical Group CEO Stephen Lawrence says they are consistent with Logical`s strategic direction to focus on high value bespoke services rather than packaged applications and desktop services.

"In the current market conditions it pays to play to your strengths," Lawrence says. "Logical is concentrating on areas where it has demonstrable differentiation, such as designing, deploying and managing complex, secure networks and advanced IT systems. This focus also means not being distracted by activities which require disproportionate investment or management time.

"By constantly developing our portfolio, Logical is ensuring that our clients continue to compete more effectively in the emerging broadband economy."

He notes that Secure 4 is an intelligent security management and monitoring service which will add real value to Logical`s clients.

Logical will continue its association with Mentum Group in New Zealand.

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