IT distributor Ingram Micro Inc. is acquiring distributor Promark Technology. The announcement was made by Ingram at the end of November.
The value added distributor (VAD) with a core technology focus on data storage, data management and electronic document imaging products and services.
Promark will retain its name and operate as a subsidiary of Ingram Micro. Promark Technology CEO Dale Foster will continue to lead the company following the acquisition as executive director and general manager, reporting to Scott Zahl, vice president and general manager of Ingram Micro’s advanced computing division in the U.S.
According to an Ingram Micro press release, the acquisition was scheduled to close Nov. 30, 2012 and is subject to customary closing conditions.†Further details of the transaction were not disclosed.
The Annapolis Junction, Md.-based Promark maintains a core focus on data storage, data management, and electronic document imaging. The company’s revenues are estimated to be $100 million for the year ending December 31, 2012. Ingram Micro says the acquisition represents “another step forward in [its] strategy to strengthen Ingram Micro’s position in higher value products and solutions. “The acquisition of Promark gives us a deeper reach into the storage market while providing new federal, state, and other U.S. government revenue opportunities for our partners through the GSA schedule,” says acting Ingram Micro North America president Paul Bay. †
For Promark, the promise of falling under the Ingram Micro umbrella represents “a vast array of business opportunities,” according to Foster. “We are excited to become a strategic part of [Ingram Micro’s] IT supply-chain, mobile device lifecycle services, and logistics solutions and see significant benefit in offering a wider range of information technology products to our customer base.”
