Pomeroy IT Solutions (2009 VAR500 rank 91) and OAO Technology Solutions (2009 VAR500 rank 264) will be combined by owner Platinum Equity. Together, the companies will form a global IT solutions provider with increased scale, wider geographic scope and more comprehensive service offerings and revenues of close to $1 billion. <P> "Pomeroy and OAOT are both recognized industry leaders with unique and complementary product and service offerings," said Platinum's Jacob Kotzubei, in a statement. "This combination makes perfect sense and will create new opportunities for each company's clients, business partners and employees." <P> Platinum acquired Pomeroy in November 2009 through a public-to-private transaction and bought OAOT in January 2010. <P> Pomeroy President and CEO Christopher C. Froman will lead the combined organization, which will operate as Pomeroy IT Solutions and will be headquartered at Pomeroy's existing facilities in Northern Kentucky. The company will retain ownership of the OAO Technology Solutions brand. <P> Kotzubei noted that long-term growth potential was the reason behind Platinum bringing the two companies together. <P> "We're creating a powerful platform with extraordinary potential for growth, both organically and potentially through additional acquisitions," he said.
For the week ending May 17, CRN looks at five companies that were either asleep at the wheel or just didn't make good decisions.
For the week ending May 17, CRN looks at five companies that brought their 'A' game and made moves to beat out competitors.
Each year Fortune ranks the 500 largest U.S. corporations according to annual revenue. See how the leading companies in the IT industry made out this year.
|More Slide Shows|
- Customer Service In the Internet Age
- Your Track Record Speaks Volumes About You, Craft it Carefully
- Fortinet Taps Top Channel Execs For Key Channel Chief Roles
- IBM To Offer Partners Free Access To Online Marketing Applications
- Pomeroy Acquires Cloud MSP BluePoint Data
- Pomeroy Launches Managed Cloud Services For Enterprise Customers