Feeds

Compucom closes Entex buy

It's $137 million greenbacks

  • alert
  • submit to reddit

Build a business case: developing custom apps

CompuCom Systems has finally clinched a deal to buy the $1.8 billion Technology Acquisition Services division (TASD) of Entex Information Services. The $137 million cash sale ended months of speculation. It will push Dallas-based network integrator CompuCom to a decent size to compete in the hardware business. Entex will meanwhile be switched into a $500 million services only operation, according to Computer Reseller News. The acquisition included CompuCom hiring some of the arm’s inside sales force and account centre personnel in Ohio, and buying its Kentucky configuration and distribution centre. John Lyons, TASD president, will join CompuCom as V.P. of sales. ComputCom CEO and president Ed Anderson said product volume would result in a 2 or 3 per cent rise in gross margin for the company’s product sales. He described the buy out as "a textbook case of consolidation". "We like this acquisition because it helps us expand and leverage our co-location, extranets and virtual sales model with a great customer list in a Fortune 500 market," said Anderson. Entex said it would concentrate on growing its services business. The move follows Compaq’s announcement earlier this week to streamline its US distribution into four players, effective from August 1. Go here to see it. CompuCom said it would be used by the US vendor for major accounts.® Want to email Linda Harrison?

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.