DATATEC SIGNS BROADVIEW AS STRATEGIC ADVISOR AGREEMENT PROVIDES INVESTMENT FOR CORE DEPLOYMENT SERVICES AND BUSINESS-TO-BUSINESS E-Commerce Offerings
FAIRFIELD, N.J., Jan 12, 2000 /PRNewswire via COMTEX/ -- Datatec
Systems, Inc. (Nasdaq: DATC) today announced it has engaged with
Broadview International LLC to serve as its financial advisor and
represent Datatec and its subsidiary, eDeploy.com, on evaluating future
strategies and market positioning. The agreement also includes
provisions for an equity raise, to address Datatec's working capital
needs and to support the growth of its eDeploy service offerings.
Broadview is a leading global M&A investment bank focused on the IT,
communications and media industries worldwide.
"Datatec and its subsidiary, eDeploy.com, have several opportunities
and options at this time," said Isaac Gaon, Chairman and Chief
Executive Officer of Datatec. "We are delighted that Broadview, with
its industry recognized experience and reputation, will be helping us
make the right strategic choices to maximize shareholder value."
"Datatec's unique deployment-centric business focus and Internet-based
B2B tools and processes are rapidly becoming a recognized standard for
complex technology implementations," said Edward Males, a Principal
with Broadview in Ft. Lee, New Jersey. "We are very excited about
working closely with Datatec's management team to assist them in
realizing their vision and the company's enormous potential in global
technology markets."
About Datatec Systems Datatec specializes in the rapid deployment and
installation of network and computing technology. Its customers include
Fortune 1000 companies and world-class technology providers who utilize
Datatec's services and web-based systems in delivering products to
their own client base. For more information, call 973-808-4000 or visit
the Company's web site at datatec.com.
About eDeploy.com eDeploy.com, a wholly owned subsidiary of Datatec
Systems, Inc., is a recognized leader in the development and delivery
of business-to-business e-commerce tools and processes that allow OEMs,
systems integrators and service providers to configure and deploy
complex network and computing technologies faster, more economically
and with fewer defects. For more information, visit
edeploy.com.
About Broadview Broadview is a leading global investment bank focused
on the IT, communications and media industries worldwide. Through a
network of over 225 employees operating across the United States,
Europe and Asia, the firm assists clients with mergers and
acquisitions, restructurings and private financings. The firm is also a
private equity investor in these industries in the U.S. and Europe. In
1998, Broadview completed 82 M&A transactions with a value of $5.5
billion and led the market in IT deals in the $20 million - $500
million range, according to Securities Data Corp. For more information
on Broadview, call Brian Hickey at 201-363-4299 or visit Broadview's
Web site at broadview.com.
SOURCE Datatec Systems, Inc.
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