{"id":402817,"date":"2021-06-22T13:24:31","date_gmt":"2021-06-22T11:24:31","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=402817"},"modified":"2021-06-22T15:59:17","modified_gmt":"2021-06-22T13:59:17","slug":"exodus-at-dimension-data","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/business\/402817-exodus-at-dimension-data.html","title":{"rendered":"Exodus at Dimension Data"},"content":{"rendered":"

Several senior executives at Dimension Data will be leaving the company at the end of the month including co-founder Jeremy Ord and Bruce Watson, who joined the company the year after it was founded.<\/p>\n

Head of Communication Pearl Mngomezulu confirmed the departures, together with the departures of long-serving executives Saki Missaikos, John van der Vyver, and Steve Nathan.<\/p>\n

After 38 years at the company, Ord is looking forward to the next phase of his life after his contract ends on 30 June 2021, Mngomezulu told MyBroadband.<\/p>\n

TechCentral reported<\/a><\/strong> that the departure of executives is linked to a failed management buyout.<\/p>\n

In 2019 Bloomberg reported that senior managers at Dimension Data were planning a buyout<\/a><\/strong> of some of the South African IT services company\u2019s operations from its owner, NTT.<\/p>\n

Japanese telecom giant NTT acquired Dimension Data<\/a><\/strong> for 2.1 billion British pounds in 2010.<\/p>\n

The executives are approaching lenders and investors to raise cash for a possible deal for Dimension\u2019s Africa and Middle East operations.<\/p>\n

The transaction would have resulted in re-listing Dimension Data on the JSE. Dimension Data\u2019s management would also take control of Internet Solutions.<\/p>\n

Last year Internet Solutions, along with Systems Integration, Britehouse, and ContinuitySA, were absorbed into its brand.<\/p>\n

The executives leaving Dimension Data, as confirmed by the company are:<\/p>\n