Channel Beat: Multibillion-Dollar Solution Provider Eyes Possible IPO

Multibillion-dollar solution provider Presidio may be targeting an initial public offering, sources say.

The top Cisco, EMC and VMware partner has grown more than 33 percent over the past four years.

Sources say Presidio's parent company, Apollo Global Management, has interviewed bankers in anticipation of an IPO.

Presidio explored an IPO once before in 2014, just before the company was acquired by Apollo.

Hewlett Packard Enterprise saw several executive departures this week, including its cloud and storage chiefs.

Senior Vice President and General Manager of Storage Manish Goel and Senior Vice President and General Manager of Cloud Business Bill Hilf are both leaving the company.

HPE's managing director of Americas sales will also leave by year end.

The changes come after the company decided to spin off its Enterprise Services business and merge it with CSC.

Solution provider CDW had a glowing second quarter, thanks largely to strong sales in the education and government sectors.

Second-quarter revenue was up 10.6 percent from the same quarter last year, and net income was up 8.6 percent from a year ago.

Earnings beat analysts' expectations, despite a 1.1 percent drop in sales among corporate customers from last year.