PCM Completes Acquisition of Assets of En Pointe Technologies Sales, Inc.
April 01 2015 - 6:23PM
Business Wire
PCM, Inc. (NASDAQ:PCMI) today announced that it has completed
its acquisition of certain assets of En Pointe Technologies Sales,
Inc. (“En Pointe”), one of the nation's largest independent IT
solutions providers, headquartered in Southern California. PCM
announced on March 16, 2015 that it had entered into an agreement
to acquire the assets of En Pointe’s IT solutions provider
business, excluding current tangible assets, such as accounts
receivable and inventory. Under the terms of the agreement, PCM
paid an initial purchase price of $15 million in cash and will pay
certain contingent earn-out consideration over a three year period.
The assets were acquired by an indirect wholly-owned subsidiary of
PCM, which subsidiary now operates under the En Pointe brand.
En Pointe, which is headquartered in Gardena, California,
specializes in Microsoft-centric IT environments, offering
hardware, software licensing and services. As one of the largest
Systems Integrators and Licensing Solutions Providers in the United
States, En Pointe assists customers in architecting, acquiring, and
implementing integrated IT solutions anchored to the Microsoft
ecosystem. En Pointe has served a broad range of customers in its
22 year history, including small, mid-market and enterprise
commercial clients, as well as state and local government,
education and non-profit organizations in the United States. En
Pointe maintains Cisco Gold, Google Premier, HP Platinum, Lenovo
Premier, Microsoft LSP, NetApp Platinum, Symantec Platinum and
VMWare Platinum certifications, among many others.
En Pointe is the largest acquisition by PCM to date based on
revenues, and is expected to significantly enhance PCM’s
relationships with several key vendor partners, provide incremental
advanced technical certifications and operational expertise in key
practice areas, and bring the consolidated business significantly
increased scale. The acquisition is consistent with PCM’s
commitment to grow its business in the areas of software and
advanced technology solutions.
About PCM, Inc.
PCM, Inc., through its wholly-owned subsidiaries, is a
leading technology solutions provider to small and medium sized
businesses, mid-market and enterprise customers, government and
educational institutions and individual consumers. In the 12
months ended December 31, 2014, we generated approximately
$1.4 billion in revenue and now have approximately 2,700 employees,
64% of which are in sales or service positions. For more
information please visit investor.pcm.com or call (310)
354-5600.
About En Pointe Technologies Sales, Inc.
Driving innovation for over 20 years in the IT channel, En
Pointe Technologies Sales helps customers stay ahead by delivering
technology to power the modern office and data center. As one of
the largest national solution providers, customers leverage En
Pointe for designing, acquiring, deploying, and supporting
technology across their organization. For more information, visit:
www.enpointe.com, or follow @EnPointeTech and
www.linkedin.com/company/en-pointe-technologies.
Forward-looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such statements include the statements regarding the
impact or benefits of the prospective acquisition of assets of En
Pointe Technologies Sales, Inc. on our customers, partners and
employees, the opportunities to leverage our services capabilities
as a result of the acquisition, our expectations of increased
certifications and operational capabilities the acquisition is
expected to bring to us and the impacts of the acquisition on our
future results of operations. Our statements regarding our
expectations, hopes or intentions regarding the future are
forward-looking statements which involve certain risks and
uncertainties, and actual results may differ materially from those
discussed in any such statement. There can be no assurance that we
will receive any increase in sales or profits, increased
opportunities to leverage our service capabilities, benefits to our
customers, partners or employees or increased certifications or
operational capabilities. Factors that could cause actual results
to differ are discussed under the heading "Risk Factors" in Item
1A, Part I of our Form 10-K for the year ended December
31, 2014, on file with the Securities and Exchange Commission, and
in our other reports filed from time to time with the SEC. All
forward-looking statements in this document are made as of the date
hereof, based on information available to us as of the date hereof,
and we assume no obligation to update any forward-looking
statements.
Genesis Select CorporationBudd Zuckerman, 303-415-0200
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