SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 18, 2000
Datatec Systems, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-20688 94-2914253
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
23 Madison Road, Fairfield, New Jersey 07004
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(Address of principal executive offices)
Registrant's telephone number, including area code: (973) 808-4000
N/A
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On April 18, 2000, eDeploy.com, Inc., a Delaware corporation
and a wholly owned subsidiary of the Registrant ("eDeploy"), consummated a
financing with Cisco Systems, Inc. The gross proceeds received by eDeploy from
the financing was $10,000,000. A copy of the press release disclosing
information relating to the consummation of the transaction and certain related
matters is attached as an exhibit to this report, and is incorporated herein by
reference.
Item 7. Exhibits.
(c) Exhibits:
99.1 Press Release of Datatec Systems, Inc. dated
April 18, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
DATATEC SYSTEMS, INC.
By: /s/ James Caci
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James Caci
Chief Financial Officer
DATE: April 26, 2000
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Cisco Signs Worldwide License to Utilize Datatec Systems'
eDeploy(TM) Solution
Cisco Makes $10 Million Strategic Investment in eDeploy.com
FAIRFIELD, N.J., April 18 /PRNewswire/ -- Datatec Systems, Inc. (Nasdaq: DATC ),
announced today that Cisco Systems, Inc. (Nasdaq: CSCO) has signed a worldwide
license for eDeploy.com's process management tools. Cisco intends to make these
solutions available to its Professional Services resources including Project
Managers and Project Engineers supporting Cisco-led enterprise and service
provider market implementations. Cisco has also committed to endorse eDeploy to
its ecosystem of Professional Services providers and channel partners.
In a separate agreement, Cisco invested $10 million in eDeploy.com. eDeploy.com
plans to use the investment from Cisco to support its growing development and
support requirements and to initiate the launch of worldwide operations.
"The combination of a worldwide licensing agreement of eDeploy technologies and
Cisco's strategic investment in eDeploy.com is the highest form of endorsement
we could receive," said Isaac Gaon, Datatec's Chairman and Chief Executive
Officer. "We are further encouraged by the positive reactions we continue to
receive for our e-enabled technologies and services as Datatec continues to
evolve into a major player in the business-to-business e-commerce market."
"This investment in eDeploy.com is entirely fitting given our intentions to make
eDeploy a standard deployment tool within Cisco's partner ecosystem," said Cas
Skrzypczak, Senior Vice President of Customer Advocacy, for Professional
Services and Service Provider markets at Cisco. "We anticipate that eDeploy will
serve as a foundation for the collection, management and delivery of Cisco's
best practices to our Professional Services organization, Worldwide channel
partners and key deployment partners."
"We are very pleased with the enthusiastic reception to eDeploy-based solutions
that we've experienced thus far," added Inder Sidhu, Cisco's Vice President for
Worldwide Professional Services. "Our close working relationship over the past
year has resulted in several mutual and significant customer wins and has
facilitated rapid and accurate solution delivery."
About Datatec Systems, Inc.
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Datatec specializes in the rapid deployment and installation of network
infrastructure and computing technology. Its customers include Fortune 1000
companies and world-class technology providers who utilize Datatec's web-based
eDeploy.com in delivering products to their own client base. The eDeploy.com
process has combined the leverage of the Internet with Datatec's automated
software solutions to deliver network and computing technology faster, more
economically and with fewer defects. For more information visit Datatec at
http://www.datatec.com.
About eDeploy.com, Inc.
eDeploy.com, a wholly owned subsidiary of Datatec Systems, Inc., is a recognized
leader in the development and delivery of business-to-business e-commerce tools
and processes that allow OEMs, systems integrators and service providers to
configure and deploy complex network infrastructure and computing technologies
faster, more economically and with fewer defects. For more information, visit
http://www.edeploy.com.
About Cisco Systems, Inc.
Cisco Systems, Inc. (Nasdaq: CSCO - news) is the worldwide leader in networking
for the Internet. News and information are available at the Cisco Press Room.
This Press Release contains forward-looking statements 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.
