Didata acquires French firm

Comment on this story

Johannesburg - The South African unit of Japan's NTT Corp said on Tuesday it had bought French IT company NextiraOne for an undisclosed amount, as part of a plan to double its annual revenue by 2018.

Dimension Data said in a statement it had acquired privately held NextiraOne, expanding its European presence to 16 countries from ten.

The deal also increases Dimension Data's global reach to 58 countries and will give it nearly 1,900 permanent employees in areas such as networking and application development.

The company said last year it aims to double its yearly revenue to $12 billion by 2018.

NTT, the world's third-largest telecommunications company by revenue according to Thomson Reuters data, acquired Dimension Data in 2010.

Shares of NTT closed down 4.3 percent at 5,132 yen in Tokyo before the announcement, hit by a broad sell-off that sent the benchmark Nikkei index down more than 4 percent. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines