Making A Retail Push
Office Depot has struck an agreement to acquire systems integration powerhouse CompuCom for approximately $1 billion as the mega-retailer shifts toward the business and technology services industry.
By joining forces with the Charlotte, N.C.-based solution provider, which works with six of the top 10 Fortune 500 firms, Office Depot instantly attains a wide-scale IT services presence in North America – a "fragmented," $25 billion market, according to the office supplies specialist.
"Other office supply companies have tried this before. But they bought very small businesses, very small MSPs," Ken Jackowitz, CompuCom's chief product officer, told CRN earlier this month. "Where we differ is that we have 6,000 W2 technicians in North America. What's so perfect about that is you've got the ability to get the scale of those same technicians across all levels of customers – enterprise, midmarket, SMB."
Office Depot submitted an 8-K filing with the U.S. Securities and Exchange Commission earlier this month that highlighted several key financial details of the deal. CRN offers eight takeaways of interest to those following the retailer's planned CompuCom purchase.