Acquisition Expands PCM UK Vendor
Accreditations and Service Capabilities
PCM, Inc. (NASDAQ:PCMI), a leading technology solutions provider,
today announced that its U.K.-based subsidiary, PCM Technology
Solutions UK, Ltd. (PCM UK), has acquired Stack Technology
Holdings, Ltd (The Stack Group). Founded in 1979, The Stack Group
are highly regarded specialists in the selection, implementation
and management of leading IT solutions, with offerings encompassing
all aspects of cloud, security, virtualization, data services,
unified communications, and infrastructure. With its headquarters
in Liverpool along with two accredited cloud data centers, The
Stack Group delivers leading edge technologies and services to
clients throughout the U.K.
PCM UK’s acquisition of The Stack Group will further enhance its
expertise and vendor accreditations within the hybrid cloud,
networking, security, data management, and digital workplace
segments, enabling PCM UK to provide further consultancy,
integration and supply of solutions from the world’s leading brands
including, Cisco, Citrix, Dell/EMC, Fortinet Meru, NetApp, Nutanix,
Sophos, Veeam, VMware, Ubiquiti Networks, Zerto and others.
“The acquisition of The Stack Group is a key milestone for our
new UK segment to further support our clients’ needs in the
services and solutions market,” added Frank Khulusi, Chairman and
CEO of PCM, Inc. “As a leading provider in North America, we
continue to look for ways to accelerate market share gains and this
acquisition will allow us to expand upon our offerings not only to
new customers in the U.K. and European markets, but also to our
global customers based in North America. We are pleased to welcome
The Stack Group team to the rest of the PCM family and look forward
to jointly providing world class services and solutions to our
clients across the globe.”
The Stack Group will also enable PCM UK to accelerate the growth
of its managed services and multi-lingual global service desk
within the European region with additional services including
accredited UK-based datacenter facilities delivering a full range
of data center and cloud solutions, remote management and
monitoring, fully managed datacenter infrastructure, managed
collaboration and unified communications, 24x7 shared support desk
and outsourced help desk services, project management, service
delivery management and other managed services.
“Our continued investment into the UK organization allows us to
extend our existing service offerings within North America to our
European-based clients,” noted Donavan Hutchinson, Managing
Director, UK & International for PCM UK. “This strategic
investment is in line with our global strategy to provide high
levels of customer satisfaction by delivering bespoke solutions to
meet our clients’ needs. I am excited to work with the team at The
Stack Group given our strong cultural fit and motivation to
integrate our product portfolios and offerings to mutual and net
new clients that will allow us to accelerate our business as a true
global solutions and services provider.”
Steve Cobham, Managing Director for The Stack Group commented,
“We are delighted and excited to be joining the PCM family. The
acquisition allows us to build on Stack’s renowned service heritage
and enables us to expand and grow our offerings to not only
existing clients but also to the PCM client base.”
Stack had total revenues of approximately £2.9
million for fiscal year ended March 31, 2017. PCM
currently expects this strategic acquisition will initially have an
immaterial effect on its bottom line and will address any related
questions at its next earnings conference call.
About PCM PCM, Inc., through its wholly-owned
subsidiaries, is a leading multi-vendor provider of technology
solutions, including hardware, software and services to small,
medium and enterprise businesses, state, local and federal
governments and educational institutions across the United
States, Canada and the United Kingdom. We generated net sales
of $2.3 billion in the twelve months ended June 30,
2017. For more information, please
visit investor.pcm.com or call (310) 354-5600.
Forward-looking StatementsThis press release
may contain 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 forward-looking statements include statements
regarding our expectations, hopes or intentions regarding the
future, including but not limited to, statements related to
the impact of the acquisition on our business, operations and
earnings, our ability to further enhance our expertise and vendor
accreditations, our ability to provide further consultancy,
integration and supply of solutions from the world’s leading
brands, our expansion of offerings to new customers in the U.K. and
European markets and global customers in North America, our ability
to accelerate the growth of our managed services and multi-lingual
global service desk within the European region and our ability to
accelerate our business as a true global solutions and services
provider. Forward-looking statements involve certain risks and
uncertainties, and actual results may differ materially from those
discussed in any such statement. Factors that could cause our
actual results to differ materially include without limitation
risks and uncertainties related to the following: risks associated
with acquisitions and investments, including the challenges and
costs of closing, integration, and achieving anticipated synergies
expected from the acquisition; our ability to attract and retain
key employees; our ability to receive expected returns on changes
in our sales and services organizations or strategic investments,
including without limit, investments in advanced technology
solutions and services, our call centers and our international
expansion; decreased sales related to any of our segments,
including but not limited to, potential decreases in sales
resulting from the loss of or a reduction in purchases from
significant customers; increased competition, including, but not
limited to, increased pricing pressures which affect our pricing
strategy in any given period; our loss of personnel to competitors;
the effect of our pricing strategy on our operating results;
warranties and indemnities we may be required to provide to third
parties through our commercial contracts; data security; and
our lack of experience operating in the United Kingdom and Europe.
Additional factors that could cause our actual results to differ
are discussed under the heading "Risk Factors" in Item 1A,
Part II of our Form 10-Q for the year ended June 30,
2017, 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.
Investor Relations: Brett Maas Hayden IR (646) 536-7331
brett@haydenir.com
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