SANTA ANA, Calif., Sept. 12, 2013 /PRNewswire/ -- Ingram Micro Inc.
(NYSE: IM), the world's largest wholesale technology distributor
and a global leader in supply-chain and mobile device lifecycle
services, today announced it has acquired Toronto, Canada-based SoftCom Inc., a leading
cloud marketplace and global service provider offering domain name
management, web hosting and cloud infrastructure services, among
other SMB-focused solutions. Founded in 1997, SoftCom operates
brands such as myhosting.com and mail2web.com and has a seasoned
team of engineers with deep experience in building and developing
cloud aggregation and web solutions.
SoftCom will operate as a wholly owned subsidiary of Ingram
Micro. Turker Sokullu, former CEO and co-founder of SoftCom, will
continue to lead the company as executive director, reporting to
Nimesh Dave, Ingram Micro executive
vice president, global business process and cloud computing.
Further details of the transaction, which closed today, were not
disclosed.
"SoftCom's expertise and proven track-record in cloud services
will enhance our cloud offerings road map and aggregation
platform," said Alain Monie, Ingram
Micro president and CEO. "Today, we deliver more than 150 solutions
from over 50 leading cloud vendors and with this acquisition we
believe we will further improve the way our global partners and
customers sell, service and procure cloud-based solutions. This
addition also gives our partners another competitive service
advantage in the rapidly growing cloud market, especially with
small-to-midsized businesses, and is another step forward in our
strategy to better serve our customers and partners with high-value
IT services and cloud-delivered solutions. We welcome SoftCom's
associates, partners and customers to the Ingram Micro family and
are excited by the value they will bring to our channel
partners."
"Joining Ingram Micro provides SoftCom with a whole new range of
exciting business opportunities," said Sokullu. "We have grown
SoftCom's business by relentlessly focusing on our customers and
building a culture of trust and camaraderie among employees with a
passion for delivering high performance web and cloud solutions. We
are excited by Ingram Micro's shared values and vision and look
forward to contributing to their global growth and diversification
strategy."
Cautionary Statement for the Purpose of the Safe Harbor
Provisions of the Private Securities Litigation Reform Act of
1995
The matters in this press release that are
forward-looking statements are based on current management
expectations. Certain risks may cause such expectations to not be
achieved and, in turn, may have a material adverse effect on Ingram
Micro's business, financial condition and results of operations.
Ingram Micro disclaims any duty to update any forward-looking
statements. Important risk factors that could cause actual results
to differ materially from those discussed in the forward-looking
statements include, without limitation: (1) we have made and expect
to continue to make investments in new businesses and initiatives,
including acquisitions, which could disrupt our business and have
an adverse effect on our operating results; (2) we are dependent on
a variety of information systems, which, if not properly
functioning, or unavailable, or if we experience system
security breaches, data protection breaches or other
cyber-attacks, could adversely disrupt our business and harm
our reputation and earnings; (3) changes in macro-economic
conditions may negatively impact a number of risk factors which,
individually or in the aggregate, could adversely affect our
results of operations, financial condition and cash flows; (4) we
continually experience intense competition across all markets for
our products and services; (5) we operate a global business that
exposes us to risks associated with conducting business in multiple
jurisdictions; (6) our failure to adequately adapt to IT industry
changes could negatively impact our future operating results; (7)
terminations of a supply or services agreement or a significant
change in supplier terms or conditions of sale could negatively
affect our operating margins, revenue or the level of capital
required to fund our operations; (8) substantial defaults by our
customers or the loss of significant customers could have a
negative impact on our business, results of operations, financial
condition or liquidity; (9) changes in, or interpretations of, tax
rules and regulations, changes in the mix of our business amongst
different tax jurisdictions, and deterioration of the performance
of our business may adversely affect our effective income tax rates
or operating margins and we may be required to pay additional taxes
and/or tax assessments, as well as record valuation allowances
relating to our deferred tax assets; (10) changes in our credit
rating or other market factors such as adverse capital and credit
market conditions or reductions in cash flow from operations may
affect our ability to meet liquidity needs, reduce access to
capital, and/or increase our costs of borrowing; (11) failure to
retain and recruit key personnel would harm our ability to meet key
objectives; (12) we cannot predict with certainty what losses we
may incur as a result of litigation matters and contingencies that
we may be involved with from time to time; (13) we may incur
material litigation, regulatory or operational costs or expenses,
and may be frustrated in our marketing efforts, as a result of
environmental regulations or private intellectual property
enforcement disputes; (14) we face a variety of risks in our
reliance on third-party service companies, including shipping
companies for the delivery of our products and outsourcing
arrangements; (15) changes in accounting rules could adversely
affect our future operating results; and (16) our quarterly results
have fluctuated significantly. We also face a
variety of risks associated with our acquisitions of Brightpoint,
Inc., Aptec and Promark, and any other acquisitions we may make,
including: management's ability to execute its plans,
strategies and objectives for future operations, including the
execution of integration plans; growth of the mobility industry,
the government contracts business, and in new and untapped markets
in geographies outside the U.S.; and other uncertainties or
unknown, underestimated and/or undisclosed commitments or
liabilities; and our ability to achieve the expected
benefits and manage the costs of the integrations of our
acquisitions.
Ingram Micro has instituted in the past and continues to
institute changes to its strategies, operations and processes to
address these risk factors and seek to mitigate their impact on
Ingram Micro's results of operations and financial condition.
However, no assurances can be given that Ingram Micro will be
successful in these efforts. For a further discussion of
significant factors to consider in connection with forward-looking
statements concerning Ingram Micro, reference is made to Item 1A
Risk Factors of Ingram Micro's Annual Report on Form 10-K for the
fiscal year ended Dec. 29,
2012; other risks or uncertainties may be detailed
from time to time in Ingram Micro's future SEC filings.
About SoftCom
Founded in 1997, SoftCom Inc. is an
industry leading provider of cloud hosting and business
communication services to more than 2.5 million users in 140
countries worldwide with support in 26 languages. SoftCom also
manages the myhosting.com and mail2web.com brands. The company is a
Parallels Platinum Service Provider Partner, Microsoft Silver
Partner and member of Research in Motion (RIM) Blackberry Alliance
program.
About Ingram Micro Inc.
Ingram Micro is the world's
largest wholesale technology distributor and a global leader in IT
supply-chain, mobile device lifecycle services and logistics
solutions. 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
and mobile solutions, technical support, financial services and
product aggregation and distribution. The company is the only
global broad-based IT distributor, serving approximately 160
countries on six continents with the world's most comprehensive
portfolio of IT products and services. Visit
www.ingrammicro.com.
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SOURCE Ingram Micro Inc.