CRN Deal Tracker, Sept. 11 To Oct. 2, 2006
Here's a snapshot of merger-and-acquisition activity in the IT channel during the previous four weeks:
Target: Jeskell Incorporated
Buyer: FusionStorm Inc.
Date: October 5, 2006
Deal Status: Closed
Channel Significance: Solution Provider
CRN Fast Growth 100 company FusionStorm (46), San Francisco, has acquired Jeskell Incorporated, another CRN Fast Growth 100 company. Jeskell (69), Sunnyvale, Calif., provides information technology solutions based on IBM products and services to commercial enterprises, educational institutions, and government organizations. See CRN's coverage of this deal here.
Target: TSG IT Resources Inc.
Buyer: TEKsystems Inc.
Date: Oct. 5, 2006
Deal Status: Closed
Channel Significance: Solution Provider
Now a subsidiary of nationwide IT recruiting and staffing company TEKsystems Inc., TSG IT Resources Inc. of Stoneham, Massachusetts is an IT consulting company.
Target: ProSys Information Systems Inc.
Buyer: Bell Microproducts Inc.
Date: October 4, 2006
Deal Status: Closed
Channel Significance: Solution Provider
Certain assets of CRN Fast Growth 100 company ProSys Information Systems (33), Norcross, Ga., have been acquired by wholesale IT distributor Bell Microproducts Inc. for $41 million. These assets include a proprietary software program called Bix-X-Change, marketed to small and midsize companies. ProSys Information Systems will continue to operate as a solution provider to large enterprises. See CRN's coverage of this story here.
Target: MSC eConsulting
Buyer: Green Beacon Solutions LLC
Date: October 3, 2006
Deal Status: Closed
Channel Significance: Solution Provider
Waltham, Mass. consulting firm and Epicor partner MSC eConsulting was acquired by Boston competitor Green Beacon Solutions LLC. MSC's personnel have joined Green Beacon in its Boston office. Terms of the deal were not disclosed.
Target: Valerent Inc
Buyer: OuterNet Connection Strategies Inc.
Date: October 3, 2006
Deal Status: Closed
Channel Significance: Solution Provider
Solution provider OuterNet Connection Strategies Inc. acquired Valerent Inc., the managed services subsidiary of Houston-based I-Sector Corp. The Houston Business Journal quoted I-Sector chairman and CEO James Long to say that Valerent was a small and strategically incompatible part of I-Sector's business, but growing in its own right.
Target: Globix Hosting LLC
Buyer: Quality Technology Services
Date: October 3, 2006
Deal Status: Announced
Channel Significance: Solution Provider
Globix Corp., a provider of Internet infrastructure and network services, has agreed to sell its Globix Hosting LLC hosting business based in New York City to Quality Technology Services for $20 million. Quality Technology Services, which claims to be one of the largest privately held hosting and managed services companies in the United States, is aggressively expanding its nationwide presence. The transaction is expected to close in a month.
Target: Systech Integrators Inc.
Buyer: Affiliated Computer Services Inc.
Date: October 2, 2006
Deal Status: Closed
Channel Significance: Solution Provider
SAP partner Systech Integrators Inc. was acquired by BPO company Affiliated Computer Services Inc., better known as ACS, for $65 million plus contingencies based on performance. ACS plans to use this acquisition to increase its market presence in the SAP consulting sphere.
Target: Bradson Corp.
Buyer: Kforce Government Solutions Inc.
Date: October 2, 2006
Deal Status: Closed
Channel Significance: Solution Provider
Kforce Government Solutions Inc. acquired Bradson Corp. for $73 million on October 2. Bradson Corp., founded in 1983 in Arlington, Va., provides information technology, financial and management consulting, operational support, and training services and solutions to government and private industry customers. Bradson Corp. is now a subsidiary of Kforce Government Solutions Inc.
Target: DesktopStandard Corp.
Buyer: Microsoft Corp.
Date: October 2, 2006
Deal Status: Closed
Channel Significance: Vendor with Channel Program
Microsoft acquired most of the assets of DesktopStandard Corp. for an undisclosed sum, reportedly in an effort to improve policy-based management of its Active Directory. DesktopStandard software was built for compatibility with Microsoft group policy, according to Microsoft. See CMP TechWeb's coverage of this story here.
Target: Citadel Security Software Inc.
Buyer: McAfee Inc.
Date: October 2, 2006
Deal Status: Announced
Channel Significance: Vendor with Channel Program
McAfee announced plans to acquire Citadel Security Software for $76.2 million, in a bid to expand its security offerings. See CMP's coverage of this story here.