Lesley Stones
2 October 2008
Johannesburg — DIMENSION Data has launched a business in Angola by acquiring 51% of the technology supplier Sistemas Redes e Communicações (SRC).
The acquisition for an undisclosed amount has already made Dimension Data Angola, operating from Luanda, one of the country's largest technology providers .
SRC Angola was formed in 1996 to provide technology and communications services.
Johannesburg and London-listed Didata now has 25 offices in 12 countries in the Middle East and Africa, which it sees as a key for expansion. Its favoured method is to partner with local companies that have experience in those markets.
Oil is one of Angola's greatest exports, so many multinational organisations are based there , and some are Didata clients. Those companies required global technology solutions that Didata could provide through its international networks and experience, said Bruno de Carvalho, MD of Dimension Data Angola.
Its track record of delivering world-class technology services would be combined with SRC's strong client base and skills to provide services tailored for the local market, he said.
"The Angolan economy has undergone a period of transformation and has emerged as the fastest-growing economy in Africa," he said.
In April, Didata made its debut in the United Arab Emirates . Its stock was trading 5% up at 642c yesterday.
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