Verecloud: Datatec In $12m Acquisition Of US-based Verecloud

VENTURES AFRICA - JSE and LSE-listed global ICT firm, Datatec, on Thursday said its wholly-owned subsidiary, Westcon Group (Westcon), had bought the assets of US-based Verecloud, Inc. (Verecloud), the maker of a progressive channel distribution platform for cloud and services solutions, for $12 million in shares. Jens Montanana, Datatec’s CEO, said this acquisition will allow...