Business Services Industry
Datatec Press Release
Business Wire, Feb 21, 2005
ALPHARETTA, Ga. -- The management of Datatec Systems, Inc. and Datatec Industries, Inc. (collectively, "Datatec") is pleased to announce that, on February 18, 2005, the United States Bankruptcy Court for the District of Delaware has, pursuant to Section 363 of the United States Bankruptcy Code, approved the sale of substantially all of the assets of Datatec to Eagle Acquisition Partners, Inc. ("Eagle"). Eagle was formed in December, 2004 and its investors include Raul Pupo, the former CEO of Datatec, and certain former senior managers of Datatec. The sale is expected to close on or about March 4, 2005. Mr. Pupo, who has 30-years of experience in founding and successfully operating IT service companies in the United States and internationally, announced that "I know this is a great day for the customers and employees of Datatec. Datatec has always had a history of exhibiting service leadership in the areas of staging, configuration and deployment. With this clean slate and renewed financial strength, the Company is poised to become the market leader in this growing space."
About Datatec Systems, Inc.
Datatec Systems specializes in the large-scale deployment of networking technologies. Datatec's deployment services utilize a software-enabled implementation model and "best-practices" structured process to ensure consistent outcomes. Datatec's customers include Fortune 1000 Companies with large, complex, multi-branch environments and world class technology providers.
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