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Articles about Channel M&A

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2e2 rolls up Netstore for UK channel glory

2e2, the private-equity backed reseller group, is buying Netstore for £57m in cash. The deal appears to be more about scale than heavy cost-cutting - 2e2 says customer overlap with AIM-quoted Netstore is limited. To 2e2, bigger means better customer retention, and easier-to-find and keep good staff. And of course, it brings …
Team Register, 12 Aug 2008
channel

Yorkshire dealers get spliced

Concorde Informatics has bought fellow Yorkshire reseller Phase CRS for an undisclosed sum. Phase CRS boss Chris Walker joins the company as CTO and is taking a stake in the enlarged business. Phase brings 24 people and £2m to the table, to take Concorde's pro forma revenues to £9m and headcount to 70. This is Concorde's first …
Team Register, 25 Mar 2009
cloud

Anix sold to American giant

Affiliated Computer Services (ACS), the enormous American computer services group, is buying the British enterprise IT Anix for £31.5m ($50m) in cash. ACS is merging Anix with its UK business and gains about 150 employees and operations in Bristol, London and Manchester, and data centers in London and Manchester. Anix turned …
Team Register, 26 May 2009
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Morse sells loss-making consultancy

Morse Plc has agreed to sell its UK and Jersey investment management consultancy business after it notched up an operating loss of £44,000 in the six months ended 31 December 2008. The UK IT consultancy group confirmed the dramatic move yesterday afternoon. It sold the biz to Navigant Consulting, which is a European subsidiary …
Kelly Fiveash, 10 Feb 2009
Pacman

Teksys bulks up with Tech MS acquisition

Teksys has snaffled the assets of a smaller rival reseller called Technology Made Simple, usually better known as Tech MS. Terms are undisclosed. Tech MS has a drawer full of badges: it is a Microsoft Gold Partner, an HP Platinum partner and a partner of VMWare and Citrix. The West-London based firm has been growing fast. It …
Drew Cullen, 23 Sep 2008
channel

Ramesys flogs education reseller to management

The education reseller division of Ramesys has struck out for independence through an management buyout. backed by Lloyds TSB Development Capital. Terms were undisclosed. The management team under MD Bill Donoghue will retain the Ramesys name, while its former parent company is rebranding itself as RedSky IT. RedSky will …
Team Register, 08 Dec 2005
Dollar

Systemax saves CompUSA from knacker's yard

Systemax is buying the CompUSA brand name, its ecommerce operations and up to 16 stores in the great CompUSA close-out sale. The big US computer reseller hails CompUSA as a "strong complementary" business to its own retail TigerDirect brand and is paying up to $30m for its new baby, depending on how many stores it actually buys …
Drew Cullen, 06 Jan 2008