EL SEGUNDO, Calif. -- (Business Wire)
PCM, Inc. (NASDAQ:PCMI) today announced that it has completed its
acquisition of certain assets of En Pointe Technologies Sales, Inc. (“En
Pointe”), one of the nation's largest independent IT solutions
providers, headquartered in Southern California. PCM announced on March
16, 2015 that it had entered into an agreement to acquire the assets of
En Pointe’s IT solutions provider business, excluding current tangible
assets, such as accounts receivable and inventory. Under the terms of
the agreement, PCM paid an initial purchase price of $15 million in cash
and will pay certain contingent earn-out consideration over a three year
period. The assets were acquired by an indirect wholly-owned subsidiary
of PCM, which subsidiary now operates under the En Pointe brand.
En Pointe, which is headquartered in Gardena, California, specializes in
Microsoft-centric IT environments, offering hardware, software licensing
and services. As one of the largest Systems Integrators and Licensing
Solutions Providers in the United States, En Pointe assists customers in
architecting, acquiring, and implementing integrated IT solutions
anchored to the Microsoft ecosystem. En Pointe has served a broad range
of customers in its 22 year history, including small, mid-market and
enterprise commercial clients, as well as state and local government,
education and non-profit organizations in the United States. En Pointe
maintains Cisco Gold, Google Premier, HP Platinum, Lenovo Premier,
Microsoft LSP, NetApp Platinum, Symantec Platinum and VMWare Platinum
certifications, among many others.
En Pointe is the largest acquisition by PCM to date based on revenues,
and is expected to significantly enhance PCM’s relationships with
several key vendor partners, provide incremental advanced technical
certifications and operational expertise in key practice areas, and
bring the consolidated business significantly increased scale. The
acquisition is consistent with PCM’s commitment to grow its business in
the areas of software and advanced technology solutions.
About PCM, Inc.
PCM, Inc., through its wholly-owned subsidiaries, is a leading
technology solutions provider to small and medium sized businesses,
mid-market and enterprise customers, government and educational
institutions and individual consumers. In the 12 months ended
December 31, 2014, we generated approximately $1.4 billion in revenue
and now have approximately 2,700 employees, 64% of which are in sales or
service positions. For more information please visit investor.pcm.com or
call (310) 354-5600.
About En Pointe Technologies Sales, Inc.
Driving innovation for over 20 years in the IT channel, En Pointe
Technologies Sales helps customers stay ahead by delivering technology
to power the modern office and data center. As one of the largest
national solution providers, customers leverage En Pointe for designing,
acquiring, deploying, and supporting technology across their
organization. For more information, visit: www.enpointe.com,
or follow @EnPointeTech and
www.linkedin.com/company/en-pointe-technologies.
Forward-looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Such
statements include the statements regarding the impact or benefits of
the prospective acquisition of assets of En Pointe Technologies Sales,
Inc. on our customers, partners and employees, the opportunities to
leverage our services capabilities as a result of the acquisition, our
expectations of increased certifications and operational capabilities
the acquisition is expected to bring to us and the impacts of the
acquisition on our future results of operations. Our statements
regarding our expectations, hopes or intentions regarding the future are
forward-looking statements which involve certain risks and
uncertainties, and actual results may differ materially from those
discussed in any such statement. There can be no assurance that we will
receive any increase in sales or profits, increased opportunities to
leverage our service capabilities, benefits to our customers, partners
or employees or increased certifications or operational capabilities.
Factors that could cause actual results to differ are discussed under
the heading "Risk Factors" in Item 1A, Part I of our Form 10-K for the
year ended December 31, 2014, on file with the Securities and Exchange
Commission, and in our other reports filed from time to time with the
SEC. All forward-looking statements in this document are made as of the
date hereof, based on information available to us as of the date hereof,
and we assume no obligation to update any forward-looking statements.
Contacts:
Genesis Select Corporation
Budd Zuckerman, 303-415-0200
Source: PCM, Inc.
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