Feeds

InterX confirms Ideal Hardware sale

Bell Microproducts is buyer

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

California IT distributor Bell Microproducts has confirmed it is to buy InterX subsidiary Ideal Hardware. Bell Microproducts has signed a letter of intent to acquire the Surrey-based distributor, it said today. No price tag was put on the deal, which will mark Bell Micro's first step into the European storage market and give Ideal a listing on NASDAQ. Ideal recorded sales up 39 per cent at around $500 million for the year ending July 1999. InterX, which in November announced plans to spin off Ideal to develop its Internet business, has been rumoured to be in talks with the US giant for several weeks. "Ideal and Bell Micro are closely aligned in strategies and operating style," said Don Bell, Bell Micro president and CEO. "Bell Micro's own value-add initiatives are in perfect harmony with Ideal's strategy. Together, we will bring to the European market a unique and comprehensive offering in the fast growing storage industry," said Henri Richard, freshly appointed president of Bell Micro Computer Products group. Bell Micro recorded sales of $366.3 million and pre-tax profit of $3.2 million for its first quarter ended March 31 2000. This compared to $219.6 million and $1.9 million for the same period the previous year. ® Related stories InterX inches closes to Ideal Hardware sale InterX distie arm still up for sale Channel Flannel extra Ideal to split from parent group

Choosing a cloud hosting partner with confidence

Whitepapers

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.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.