Ingram Micro Acquires Government-Focused Distributor Promark10:38 AM EST Thu. Nov. 29, 2012
Ingram Micro has agreed to purchase Promark Technology, a government-focused distributor heavy into storage, data management and document imaging solutions, for an undisclosed amount.
Promark, based in Annapolis Junction, Md., carries a GSA Schedule that allows VARs to sell to public sector customers and expects to report about $100 million in revenue this year, according to Ingram Micro.
"The acquisition of Promark is another step forward in our strategy to strengthen Ingram Micro's position in higher-value products and solutions, as well as extend our leadership and reach within the public sector," said Alain Monié, president and CEO of Ingram Micro, in a statement.
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Promark will keep its name and operate as a subsidiary of Ingram Micro. Its CEO, Dale Foster, will continue to lead the company as executive director and general manager and report to Scott Zahl, vice president and general manager of Ingram Micro's Advanced Computing Division.
"Promark has been in business more than 20 years and remains focused on growth, customer service and offering a great working environment for our associates. We look forward to continuing to build upon this legacy as a part of Ingram Micro," Foster said in the statement.
Promark's vendor line card includes Dell's Compellent, Dot Hill, QLogic, Overland Storage, ExaGrid, Nexsan, FalconStor, Enterasys, Panasonic, Fujitsu and more. The distributor also has a Professional Services Division that offers installation, implementation and support services to VARs on behalf of several vendors, as well as application integration, backup and recovery, network optimization, storage implementation and disaster recovery solutions.
"The acquisition of Promark gives us a deeper reach into the enterprise storage market while providing new federal, state and other U.S. government revenue opportunities for our partners through the GSA Schedule," said Paul Bay, acting president of Ingram Micro North America, in a statement.
This is Ingram Micro's first acquisition since July, when it agreed to acquire mobility specialist BrightPoint for about $840 million.
Shares of Ingram Micro were trading at $16.38 Thursday morning, up 13 cents, or 0.8 percent.
PUBLISHED NOV. 29, 2012