CDW Completes Acquisition of Leading IT Solutions Provider Berbee Information Networks Corporation
October 11 2006 - 5:00PM
Business Wire
CDW Corporation (NASDAQ:CDWC), a leading provider of technology
products and services to business, government and education, today
announced that it has completed the acquisition of privately-held
Berbee Information Networks Corporation (�Berbee�), one of the
nation�s largest independent IT solution providers. CDW announced a
definitive agreement to acquire Berbee on September 18, 2006.
Pursuant to the Stock Purchase Agreement, CDW completed the
acquisition for a total purchase price of $184 million, including
an adjustment for working capital. This acquisition will enhance
CDW�s offerings of advanced technology products and services to
address customers� more complex business requirements. In addition,
the acquisition is consistent with CDW�s strategies to expand its
customer base, capture a greater share of its customers� IT
spending and increase its addressable market. Founded in 1993 and
headquartered in Madison, Wisconsin, Berbee is a proven partner to
a broad spectrum of customers including corporate, healthcare,
education and state and local governments. Berbee provides
world-class solutions and engineering capabilities in advanced
technologies primarily across the Cisco, IBM and Microsoft
platforms. Areas of expertise include network infrastructure and
unified communications, systems and storage, security, productivity
applications and managed services. Berbee is a national gold
certified partner with Cisco, a premier business partner with IBM
authorized to sell all IBM server and storage lines and has six
Microsoft gold certifications. Berbee received recognition as
Cisco�s U.S. IP Communications Partner of the Year in 2005, an IBM
Beacon Award for Best IBM iSeries On Demand Solution in 2006 and
Microsoft Central Region Partner of the Year in 2006. Forward
Looking Statement Any forward-looking statements contained in this
release are based on the Company's beliefs and expectations as of
the date of this release and are subject to certain risks and
uncertainties which may have a significant impact on the Company's
business, operating results or financial condition. Should any risk
or uncertainty materialize, or should underlying assumptions prove
incorrect, actual results or outcomes may vary materially from
those described in forward-looking statements. Factors affecting
the Company's business and prospects are discussed in the Company's
filings with the Securities and Exchange Commission. About Berbee
Information Networks Corporation Berbee Information Networks
Corporation is one of the nation�s largest independent providers of
IT solutions to a broad spectrum of clients. More than half of the
company�s revenue is generated from enterprise class customers that
include some of the nation�s best known corporations. Berbee�s
areas of expertise include network infrastructure and unified
communications, systems and storage, security, productivity
applications and managed services. Known for its world-class
engineering and proven service excellence in advanced IT
technologies, Berbee has achieved high levels of certification
concurrently with its key vendor partners. Berbee is a national
gold certified partner with Cisco, a premier business partner with
IBM authorized to sell all IBM server and storage lines and has six
Microsoft gold certifications. Founded in 1993 by Jim Berbee, a
former IBM systems engineer, the company was formed to provide a
high level of services to clients in need of networking and
mid-range server technologies and, in the ensuing 13 years, has
grown to become a leading IT solutions provider in the Midwest
including Wisconsin, Illinois, Minnesota, Michigan, Indiana and
Ohio. About CDW CDW�, ranked No. 343 on the FORTUNE 500, is a
leading provider of technology solutions for business, government
and education. CDW is a principal source of technology products and
services including top name brands such as Acer, Adobe, Apple,
Cisco, HP, IBM, Lenovo, Microsoft, Panasonic, Samsung, Sony,
Symantec, Toshiba and ViewSonic. CDW's direct model offers
customers one-on-one relationships with knowledgeable account
managers and access to more than 600 on-staff engineers and
advanced technology specialists who customize solutions for
customers� complex technology needs. CDW also provides same-day
product shipping and post-sales technical support. CDW was founded
in 1984 and employs approximately 5,250 coworkers. In 2005, the
company generated sales of $6.3 billion. For more information,
visit CDW.com. For more information about CDW: Visit CDW on the
Internet at http://www.cdw.com. Contact CDW Investor Relations via
the Internet at investorrelations@cdw.com or by telephone at
847-419-6328. CDW is a registered trademark and CDW@work is a
trademark of CDW Corporation. Other company and product names may
be trademarks of their respective owners. CDW Corporation
(NASDAQ:CDWC), a leading provider of technology products and
services to business, government and education, today announced
that it has completed the acquisition of privately-held Berbee
Information Networks Corporation ("Berbee"), one of the nation's
largest independent IT solution providers. CDW announced a
definitive agreement to acquire Berbee on September 18, 2006.
Pursuant to the Stock Purchase Agreement, CDW completed the
acquisition for a total purchase price of $184 million, including
an adjustment for working capital. This acquisition will enhance
CDW's offerings of advanced technology products and services to
address customers' more complex business requirements. In addition,
the acquisition is consistent with CDW's strategies to expand its
customer base, capture a greater share of its customers' IT
spending and increase its addressable market. Founded in 1993 and
headquartered in Madison, Wisconsin, Berbee is a proven partner to
a broad spectrum of customers including corporate, healthcare,
education and state and local governments. Berbee provides
world-class solutions and engineering capabilities in advanced
technologies primarily across the Cisco, IBM and Microsoft
platforms. Areas of expertise include network infrastructure and
unified communications, systems and storage, security, productivity
applications and managed services. Berbee is a national gold
certified partner with Cisco, a premier business partner with IBM
authorized to sell all IBM server and storage lines and has six
Microsoft gold certifications. Berbee received recognition as
Cisco's U.S. IP Communications Partner of the Year in 2005, an IBM
Beacon Award for Best IBM iSeries On Demand Solution in 2006 and
Microsoft Central Region Partner of the Year in 2006. Forward
Looking Statement Any forward-looking statements contained in this
release are based on the Company's beliefs and expectations as of
the date of this release and are subject to certain risks and
uncertainties which may have a significant impact on the Company's
business, operating results or financial condition. Should any risk
or uncertainty materialize, or should underlying assumptions prove
incorrect, actual results or outcomes may vary materially from
those described in forward-looking statements. Factors affecting
the Company's business and prospects are discussed in the Company's
filings with the Securities and Exchange Commission. About Berbee
Information Networks Corporation Berbee Information Networks
Corporation is one of the nation's largest independent providers of
IT solutions to a broad spectrum of clients. More than half of the
company's revenue is generated from enterprise class customers that
include some of the nation's best known corporations. Berbee's
areas of expertise include network infrastructure and unified
communications, systems and storage, security, productivity
applications and managed services. Known for its world-class
engineering and proven service excellence in advanced IT
technologies, Berbee has achieved high levels of certification
concurrently with its key vendor partners. Berbee is a national
gold certified partner with Cisco, a premier business partner with
IBM authorized to sell all IBM server and storage lines and has six
Microsoft gold certifications. Founded in 1993 by Jim Berbee, a
former IBM systems engineer, the company was formed to provide a
high level of services to clients in need of networking and
mid-range server technologies and, in the ensuing 13 years, has
grown to become a leading IT solutions provider in the Midwest
including Wisconsin, Illinois, Minnesota, Michigan, Indiana and
Ohio. About CDW CDW(R), ranked No. 343 on the FORTUNE 500, is a
leading provider of technology solutions for business, government
and education. CDW is a principal source of technology products and
services including top name brands such as Acer, Adobe, Apple,
Cisco, HP, IBM, Lenovo, Microsoft, Panasonic, Samsung, Sony,
Symantec, Toshiba and ViewSonic. CDW's direct model offers
customers one-on-one relationships with knowledgeable account
managers and access to more than 600 on-staff engineers and
advanced technology specialists who customize solutions for
customers' complex technology needs. CDW also provides same-day
product shipping and post-sales technical support. CDW was founded
in 1984 and employs approximately 5,250 coworkers. In 2005, the
company generated sales of $6.3 billion. For more information,
visit CDW.com. For more information about CDW: Visit CDW on the
Internet at http://www.cdw.com. Contact CDW Investor Relations via
the Internet at investorrelations@cdw.com or by telephone at
847-419-6328. CDW is a registered trademark and CDW@work is a
trademark of CDW Corporation. Other company and product names may
be trademarks of their respective owners.
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