SANTA ANA, Calif. and
NORTHPOINT, Hong Kong,
July 6 /PRNewswire-FirstCall/ --
Ingram Micro Inc. (NYSE: IM), the world's largest technology
distributor, strengthened its global presence in enterprise
computing last week as it completed the acquisition of Asiasoft
Hong Kong Limited, one of Hong
Kong's leading value-added software distributors.
Terms of the transaction, which closed July 2, 2010, were not disclosed.
Asiasoft serves a broad range of end-user markets, from large
enterprise to small and medium-sized businesses, featuring renowned
software vendors such as Citrix, VMWare, Adobe and Symantec.
The company generated $13
million of revenues in 2009 through six specialties –
virtualization, security, system and desktop management,
networking, business continuity and applications – supported by a
dedicated training center and services such as pre-sales
consulting, technical support and project management.
"We've been actively building our value-oriented business
through both acquisitions and greenfield expansion," said
Shailendra Gupta, president, Ingram
Micro Asia Pacific. "Over the last two years, we've purchased
four companies in higher-margin adjacency areas – Cantechs in
China, Value-Added Distributors in
New Zealand, the multi-national
Vantex based in Australia, and now
Asiasoft – and made significant investments in technology and
personnel to strengthen our presence in enterprise computing and
enable growth and margin enhancement. We now have a strong
portfolio of enterprise computing products and services available
throughout the Asia Pacific
region."
Gupta added that Ingram Micro is integrating the acquired
operations quickly, with Asiasoft's systems, assets and 33
employees now part of Ingram Micro's Hong
Kong business. David Au Yeung, Asiasoft's managing
director, will head the value business, reporting to Kevin Chen, managing director of Ingram Micro
Hong Kong.
"The combination with Ingram Micro will allow us to accelerate
growth and improve customer service," said David Au Yeung. "We will be able to pursue
business development opportunities through enhanced access to
capital, while our vendors and customers will benefit from the
additional services and a broader line card that Ingram Micro can
provide."
Gregory Spierkel, Ingram Micro's chief executive officer, added
that this acquisition represents another step toward creating a
strong global presence in enterprise computing, a key strategic
initiative for the corporation.
"The enterprise market is evolving as businesses demand greater
efficiency in their data centers and cloud computing becomes more
prevalent," he explained. "Through our internal and external
investments, we are gaining the critical expertise needed to create
complete enterprise solutions – from hardware and software to
consultative and monitoring services. Asiasoft is an example
of the small yet strategically significant acquisitions we've been
making over the last several months, which includes two similar
transactions in Europe. Our
enterprise solutions business now spans five continents and reaches
all of our regions, positioning us well with manufacturers and
customers who want a strong, global partner."
About Ingram Micro
As a vital link in the technology value chain, Ingram Micro
creates sales and profitability opportunities for vendors and
resellers through unique marketing programs, outsourced logistics
services, technical support, financial services, and product
aggregation and distribution. The company serves more than
150 countries and is the only global broad-based technology
distributor with operations in Asia. Visit www.ingrammicro.com.
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SOURCE Ingram Micro Inc.