Datatec Limited has agreed to acquire Lantares S.L.
Datatec Limited the international Information and Communication Technology (ICT) group, announces that its subsidiary, Logicalis Group Limited ("Logicalis"), has agreed to acquire Lantares S.L., a Spanish IBM Cognos Partner and professional services provider specialising in Business Intelligence and Data Analytics.
Lantares is a leader in the implementation of strategic solutions for corporate performance management and information management, both on-premise and cloud-based. Lantares had revenues of €4.1m in the year ended 31 December 2015 and employs over 40 staff, the majority of whom are based in Madrid. The acquisition will add an attractive skill set to Logicalis' strong IBM solutions credentials in Spain.
Jens Montanana, Datatec's Chief Executive Officer commented:
"This acquisition of Lantares adds an important skill set to Logicalis Spain's services operations by enhancing our IBM offering."