Acquisition Makes German Technology Integrator A Major Channel Player
Cancom Group, an $800 million technology integrator based in Germany, has acquired Pleasanton, Calif.-based HPM Networks, a leading solution provider that will provide Cancom with the foundation for a U.S. midmarket cloud-computing offensive.
HPM, a major channel partner for Hewlett-Packard, VMware and other vendors, has provided IT infrastructure and services to some of Silicon Valley's biggest companies, including Facebook and Twitter. HPM was No. 87 on the CRN 2013 Solution Provider 500 list, with $270 million in annual sales.