Datatec Systems Unveils Partnership With Anixter International; Announces New $15 Million Contract Delivered via Anixter Partnership.Business Editors FAIRFIELD, N.J.--(BUSINESS WIRE)--Feb. 5, 2003 Datatec Systems, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DATC DATC Davis Applied Technology College (Kaysville, Utah) DATC Days After Test Completion DATC Deferred Adverse Tax Consequence DATC Direct Assistance & Training Command DATC Director of Air Traffic Control ), a leading provider of technology deployment services and software tools, today announced that it has signed a partnership agreement with Anixter International Anixter International (NYSE: AXE) is a Fortune 500 (#454, Fortune 2007) company based in Glenview, Cook County, Illinois, and founded in 1957. Anixter is a large distributor of communication products and electrical and electronic wire and cable, and a leading distributor of Inc. (NYSE NYSE See: New York Stock Exchange :AXE), the world's leading distributor of communication products. Datatec also announced today that it has been awarded a $15 million deployment contract that will be delivered via the Anixter partnership. Anixter and Datatec will jointly leverage their respective core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
Datatec's Integrator's Workbench(R) (IW2000) software will automate the system configuration and integration process and Datatec's eDeploy(R) web-enabled deployment management software will be utilized as a central collaboration tool A collaboration tool is something that helps people collaborate. The term is often used to mean collaborative software, but collaboration tools were being used before computers existed, a piece of paper can for example can be used as collaboration tool. to coordinate, manage and monitor the installation of those systems by Datatec field crews and other Anixter delivery partners. "This partnership with Anixter will enhance our ability to deliver services with better quality at a lower cost", stated Ed King, Datatec's Vice President of Sales. "Our common goal is to have a single consolidated, pre-configured shipment to each location. Since the majority of infrastructure materials are stock items for Anixter, it makes the most sense to integrate and kit these materials along with routers, switches and workstations at an Anixter facility. This approach benefits all project partners by tightly coordinating activities, thus eliminating errors and unnecessary costs. We foresee many more opportunities to work closely with Anixter in order to deliver value to our joint customers." Commenting on this partnership, Anixter Vice President, Steve Keller said, "Increasingly our customers are looking to simplify the deployment of voice, data and security networks across, in many cases, hundreds of locations. Anixter's extensive experience in providing advanced logistics and integrated supply services, along with cabling and related components, helps manage these network rollouts on a timely basis at low cost to our customers. In developing our partnership with Datatec, we can jointly offer customers a more complete solution, with Datatec providing custom configuration of technology components that are then included in the deployment kits." About Datatec Systems, Inc. Fairfield, NJ-based Datatec Systems specializes in the rapid, large-scale market absorption of networking technologies. Datatec's deployment services utilize a software-enabled implementation model to configure See configuration. (software) configure - A program by Richard Stallman to discover properties of the current platform and to set up make to compile and install gcc. Cygnus configure was a similar system developed by K. , integrate and roll out new technology solutions using a "best practices" structured process. Its customers include Fortune 1000 companies and world-class technology providers. Datatec stock is listed on the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (DATC). For more information, visit Datatec at http://www.datatec.com/ About Anixter Anixter International is a leading distributor of communication products and a leading distributor of "C" Class inventory components to Original Equipment Manufacturers. The company adds value to the distribution process through its value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. service and logistics programs and by providing its customers access to 1) more than 185,000 products and approximately $500 million in inventory, 2) 125 warehouses with more than 4.4 million square feet of space, and 3) locations in 193 cities in 40 countries. Founded in 1957 and headquartered near Chicago, Anixter trades on The New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol AXE. Additional information about Anixter is available on the Internet at www.anixter.com. This Press Release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks and uncertainties which may cause the actual results or objectives to be materially different from those expressed or implied by such forward-looking statements. |
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