Johannesburg, 4 December 2023 - Datatec, the JSE listed international ICT solutions and services group, has acquired an additional 40% holding in Mason Advisory Limited ("Mason Advisory") from the management team, taking its interest to a majority shareholding of 80%.
Mason Advisory is an award-winning UK based digital and technology consultancy working across the public and private sectors, with organisations of all sizes. It has over 100 employees with skills in operating model and organisational design, sourcing, architecture, service management, and cybersecurity.
Mason Advisory was spun out of Analysys Mason in 2014 with Steve Watmough as co-founder and CEO, to focus on serving clients which are consumers of IT services rather than providers or regulators. In 2022, Steve took on the role of Chairman and appointed Paul Pugh as CEO. Datatec has held a 40% stake since 2014 and has now taken the opportunity of increasing its holding to support Mason Advisory's leadership team on the next phase of growth.
Jens Montanana, Datatec's Chief Executive Officer, commented:
"Mason Advisory holds a strategic position as a specialised independent management consultancy and we look forward to continue contributing to the realisation of its high growth potential based on positive market fundamentals coupled with a strong management team and track record."
Mason Advisory addresses a broad range of industry verticals enabled by a scalable sector specific organisational structure covering Financial Services, Corporate Clients, Professional Services, Government and Public Safety each servicing a diverse roster of clients. The business has delivered consistently strong financial and operational performances through a diversified customer base and strong client relationships.
Steve Watmough, Mason Advisory's co-founder and Chairman said:
"Datatec has been a consistently supportive shareholder, and we are pleased to see them increase their exposure as we scale Mason Advisory to address the strong demand for its services across public and private sectors."
According to Gartner research, compelling market fundamentals and favourable trends are set to see the overall UK IT consulting market grow by 12.1% per annum to $35.6bn by 2027 with 75% of enterprises set to expedite digital business transformation plans by 2025, resulting in a need for consulting transformation and support services.
About Datatec Group
Datatec is an international ICT solutions and services group operating in more than 50 countries across North America, Latin America, Europe, Africa, Middle East and Asia-Pacific. Through three core divisions, the Group offers Integration and Managed Services (Logicalis International and Logicalis Latin America) and Technology Distribution and Financial Services (Westcon International).
About Mason Advisory
With over 110 permanent employees around the world, Mason Advisory is a leading player in the digital and technology advisory market. With offices in Manchester and London, Mason Advisory enables organisations to deliver value through digital & technology transformation, solving complex business challenges, and helping clients set strategy through the intelligent use of IT resources including architecture, cyber, operating model and organisational design, service management, and sourcing.