Megabuyte - Technology sector intelligence

Dimension Data has just received an agreed takeover bid from Japanese incumbent fixed line telco NTT at 120p, representing an 18% premium to yesterday’s closing price, and 30% to the six months average price.  The bid represents a very healthy estimated 10.4x EBITDA and 21.4x PE, more than double its peer group average, and is therefore unlikely to lead to any competing bids. Read our initial views in Newswire Plus.

Sage close to acquiring TeamSystem; Berruyer tipped for CEO role

News from very well placed sources reaches us that Guy Berruyer, CEO of Mainland Europe and Asia for Sage will shortly be announced as Paul Walker’s replacement as Group CEO. Also, we understand that Sage has beaten off stiff competition for Italian enterprise software vendor TeamSystem and aims to announce the acquisition (see Sage and Hg Capital at it again with TeamSystem) within weeks or possibly days. Furthermore, we understand that Sage will be paying around 11x EBITDA for TeamSystem. See our thoughts in Newswire Plus.

Recovery gathers momentum at Datatec

Infrastructure services group Datatec has issued its Q1 IMS this morning confirming that the recovery experienced in its fiscal H2 ended February has gathered momentum in the first half. The statement says that trading so far in the first half has been in line with expectations and goes on to reaffirm guidance for the full year which calls for revenues of $4.1bn to £4.4bn, up from $3.7bn for the year to February 2010. Read more in Newswire Plus.

SDL buys Language Weaver for $43m

Information management specialist SDL has followed up its recent small acquisition of Xopus (Premium Plus readers see here) with the larger acquisition of US-based Language Weaver for $42.5m in cash, adding best of breed automated translation technology to its technology stable. Language Weaver seems something of a pioneer in the field, working closely with the University of Southern California, and with several government customers, and the two founders will remain with SDL.  The price is just over 3x FY09 revenues, and will be earnings enhancing from year two. For SDL, this is a relatively small, but sensible, acquisition.

Synchronica 1H revenues almost match FY09 revenues

Mobile email provider Synchronica has reported half year results to the end of June showing revenues of £3.43m (+158%), and almost matching FY09 revenues, and a significantly reduced estimated EBITDA loss of £0.11m (v £2.04m).  The company believes that the momentum can be maintained into the second half, with further potential contract wins from mobile network operators as well as device manufacturers. Read more in Newswire Plus.