- CDW Corp.
, a $6 billion-a-year information technology product and services provider based in Vernon Hills, Ill., has agreed to acquire the stock of Madison-based Berbee Information Networks Corp.
for $175 million in cash.
The acquisition, which has been approved by the boards of both companies, is......Full article >>>
double Berbee's revenues on an organic basis in the next five years, according to Edwardson. Berbee, founded in 1993, reported $390 million in revenue and $22 million in profit during the 2006 fiscal year.
In the past, Berbee has grown through a combination of organic growth and acquisitions, but Shain said the projected organic growth rate is achievable. "That would be consistent with o......Full article >>>
Edwardson said CWD looked at a number of companies, but Berbee "was by far the best." He noted Berbee's successful integration of three acquired companies, and said Berbee offers growth potential beyond organic means through future acquisitions.
A joint transition team will look at branding and other points of integration between the companies and their customers.
CDW......Full article >>>
Source:wistechnology.com By Joe Vanden Plas 09/18/06Related biology technology :1
. CDW buyer supports Berbee growth plans2
. Doyle announces technology tax credits for Berbee3
. Berbee to expand at New Venture Center4
. Anatomy of a deal: CDW and Berbee5
. CDW names VP to handle Berbee merger6
. Berbee wins two Microsoft awards7
. Microsoft rewards Berbee for project management expertise8
. Cisco names Berbee a top partner of 20059
. Berbee wins IBM partner award10
. Berbee Data Centers complete audit, certification11
. Berbee designated a Microsoft Small Business Specialist