A top FusionStorm executive said that the solution provider is enjoying a strong growth in its business despite the recent $11 million legal judgment against the company and the sale of its federal business to help pay that judgment.
Dan Serpico, president of San Francisco-based FusionStorm, said settling the lawsuit and selling the Jeskell federal government side of its business lets FusionStorm concentrate on growing its core commercial business.
The upbeat assessment of FusionStorm came during a time when many of its peers have wondered whether the company will survive.
FusionStorm was sued by San Diego-based solution provider TIG after allegedly stealing TIG employees and business secrets in setting up a Tampa branch office. FusionStorm was found guilty in a California jury trial, and settled the case in August for a total of nearly $11 million.
Earlier this week, FusionStorm said it agreed to sell its Jeskell business to a trio of investors as part of its efforts to raise the cash to settle that lawsuit. FusionStorm acquired Jeskell four years ago this month.
Next: FusionStorm Sees Post-Lawsuit, Post-Jeskell Growth