Feeds

Ingram UK back in Cisco distribution biz

Buys Sphinx Cisco operation

  • alert
  • submit to reddit

Ingram Micro UK is back in the Cisco distribution business after buying the Cisco business of Sphinx CST.

Ingram is getting the business, remaining stock and goodwill for around £11 million from Sphinx's parent Lynx.

Ingram lost its Cisco distributor status in the UK around three years ago. A former insider said the broadband distie didn't have the infrastructure to handle the business then. "They couldn't service it properly," he said.

The Sphinx Cisco business had a turnover of approximately £20 million (unaudited) for the nine months to 30 June 2001.

The sale should be completed on 7 September 2001. Ingram has to pay up on the day apart from £500,000, which is payable over the following six months. ®

Related Stories

Ingram Micro suffers sales drop
Ingram Micro jettisons 1,000 staff

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
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.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.