IRVINE, Calif., Dec. 21, 2015 /PRNewswire/ -- Ingram Micro
Inc. (NYSE: IM) today announced that it has completed the
acquisition of certain assets from Parallels Holdings
Ltd., including the Odin Service Automation platform,
associated cloud management technologies, intellectual
property and the Odin brand. The original release announcing the
transaction can be accessed at Ingram Micro's corporate website or
directly at Ingram Micro Completes Acquisition of Odin Service
Automation Platform (http://ow.ly/W64gE).
About Ingram Micro Cloud
Ingram Micro is a master
cloud service provider (mCSP), offering channel partners and
professionals access to a global marketplace, expertise, solutions
and enablement programs that empower organizations to configure,
provision and manage cloud technologies with confidence and ease.
For more information on Ingram Micro Cloud, please visit
www.ingrammicrocloud.com.
The Ingram Micro Cloud Marketplace is an ecosystem of buyers,
sellers and solutions that empowers channel partners and IT
professionals to configure, provision and manage cloud technologies
with confidence and ease. The Cloud Marketplace enables efficient
management of the complete end-customer cloud subscription
lifecycle from a single, automated platform, and will offer an
end-to-end portfolio of vetted solutions that covers all major
business categories including; infrastructure, security,
communication & collaboration, business applications and
platform and cloud management services.
About Ingram Micro Inc.
Ingram Micro helps businesses
Realize the Promise of Technology™. It delivers a full
spectrum of global technology and supply chain services to
businesses around the world. Deep expertise in technology
solutions, mobility, cloud, and supply chain solutions enables its
business partners to operate efficiently and successfully in the
markets they serve. Unrivaled agility, deep market insights and the
trust and dependability that come from decades of proven
relationships, set Ingram Micro apart and ahead. More at
www.ingrammicro.com
Cautionary Statement for the Purpose of the Safe Harbor
Provisions of the Private Securities Litigation Reform Act of
1995
The matters in this press release that are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act, including statements relating to the expected benefits
from the combination, additional revenues, and accretion to
earnings, are based on current management expectations. Certain
risks may cause such expectations to not be achieved and, in turn,
may have a material adverse effect on Ingram Micro's business,
financial condition and results of operations. Ingram Micro
disclaims any duty to update any forward-looking statements.
Important risk factors that could cause actual results to differ
materially from those discussed in the forward-looking statements
include, without limitation: (1) changes in macro-economic and
geopolitical conditions can affect our business and results of
operations; (2) our acquisition and investment strategies may not
produce the expected benefits, which may adversely affect results
of operations; (3) we are dependent on a variety of information
systems, which, if not properly functioning, and available,
or if we experience system security breaches, data protection
breaches or other cyber-attacks, could adversely
disrupt our business and harm our reputation and net sales; (4) the
validity, subsistence and enforceability of the patent portfolio
that we currently hold or acquire may be challenged, and we
have a risk of being involved in intellectual property disputes
that could cause us to incur substantial costs, divert the efforts
of management or require us to pay substantial damages or licensing
fees;(5) failure to retain and recruit key personnel would harm our
ability to meet key objectives; (6) we operate a global business
that exposes us to risks associated with conducting business in
multiple jurisdictions; (7) our failure to adequately adapt to
industry changes could negatively impact our future operating
results; (8) we continually experience intense competition across
all markets for our products and services; (9) termination of a key
supply or services agreement or a significant change in supplier
terms or conditions of sale could negatively affect our operating
margins, revenue or the level of capital required to fund our
operations; (10) substantial defaults by our customers or the loss
of significant customers could negatively impact our business,
results of operations, financial condition or liquidity; (11)
changes in, or interpretations of, tax rules and regulations,
changes in the mix of our business amongst different tax
jurisdictions, and deterioration of the performance of our business
may adversely affect our effective income tax rates or operating
margins and we may be required to pay additional taxes and/or tax
assessments, as well as record valuation allowances relating to our
deferred tax assets; (12) our goodwill and identifiable intangible
assets could become impaired, which could reduce the value of our
assets and reduce our net income in the year in which the write-off
occurs; (13) changes in our credit rating or other market
factors, such as adverse capital and credit market conditions or
reductions in cash flow from operations may affect our ability to
meet liquidity needs, reduce access to capital, and/or increase our
costs of borrowing; (14) we cannot predict the outcome of
litigation matters and other contingencies that we may be involved
with from time to time; (15) Our failure to comply with the
requirements of environmental regulations could adversely affect
our business; (16) we face a variety of risks in our
reliance on third-party service companies, including shipping
companies, for the delivery of our products and outsourcing
arrangements; (17) changes in accounting rules could adversely
affect our future operating results; and (18) our quarterly results
have fluctuated significantly and (19) we face a variety of risks
associated with our ability to integrate Odin and related
technologies into our existing systems and organization
including: management's ability to execute its plans,
strategies and objectives for future operations, including the
execution of integration plans; customer demand in these regions;
currency fluctuation; the potential for political unrest; potential
regulatory constraints; and our ability to achieve the
expected benefits and manage the costs of the transaction. Further,
despite its global presence, Ingram Micro may fail to
proactively identify and tap into emerging markets and geographies.
We have historically instituted, and will continue to institute,
changes to our strategies, operations and processes in an effort to
address and mitigate risks; however, there are no assurances that
Ingram Micro will be successful in these efforts. For a further
discussion of significant factors to consider in connection with
forward-looking statements concerning Ingram Micro, reference is
made to our SEC filings, and specifically to Item 1A-Risk
Factors, of our latest Annual Report on Form 10K.
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SOURCE Ingram Micro Inc.