Agilysys To Acquire Sun VAR Innovativ Systems Design For $100M

Agilysys is continuing its VAR shopping spree, agreing to buy Innovativ Systems Design for about $100 million in cash. The acquisition gives Boca Raton, Fla.-based Agilysys, a big entry into the Sun Microsystems market, according to Arthur Rhein, chairman and CEO of Agilysys. "The acquisition of Innovativ will establish a new and significant relationship between Sun and Agilysys," Rhein said in a statement. "Moreover, the addition of Sun expands Agilysys' offerings to include four of the most pervasive computer technology suppliers: EMC, HP, IBM and Sun." Privately held Innovativ had revenue of about $256 million in the 12 months ended March 31 and is the "largest U.S. commercial reseller of Sun Microsystems servers and storage products" according to Agilysys. Tony Mellina, CEO of Innovativ, based in Edison, N.J., will become senior vice president with Agilysys and lead the company's new Sun Technology Solutions business unit. "Our employees are excited to join Agilysys, a recognized leader in IT solutions. Together, the organizations will leverage their combined resources and talents to benefit our customers," Mellina said in a statement. Agilysys now has pro forma revenue of more than $800 million, including its April acquisition of EMC storage solution provider Stack Computer for $28 million. The company, which sold its two-tier distribution business to Arrow Electronics in January for $485 million, has stated its goal is to grow sales to $1 billion within two years and $1.5 billion within three years.

Tweet

   

More Channel Programs