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The 10 Biggest Channel Mergers And Acquisitions Of 2016 (So Far)

CRN looks at the 10 acquisitions and mergers in the channel so far in 2016 that are continuing to reshape the topography of the market.

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3. Blackstone

Company acquired: Mphasis

Head count: 24,000 employees

Annual revenue: $650 million

Purchase price: $825 million

Date of deal: April 4, 2016

Expected to close: Second half of fiscal 2016

Adding to the number of private-equity owned companies in the channel, which include Hebron, Ky.-based Pomeroy, Cleveland-based Park Place Technologies, Chicago-based Ahead, and New York-based Atlantix Global Systems among others, this April, the world's largest private equity fund, Blackstone Group, bought Hewlett Packard Enterprise's majority stake in Bangalore, India-based solution provider Mphasis.

According to Mphasis, the deal will open up opportunities for the company to do business within Blackstone's full portfolio -- which includes about 90 companies, including the channel's largest pure-play security solution provider, Optiv Security.

HPE, in a statement, said it will continue to do business with Mphasis and plans to renew a services contract with the Indian company for five years as part of the deal with Blackstone.

 
 
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