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Berbee believes acquisition by CDW will make it a national IT player

Madison, Wis. - 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......

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Source:wistechnology.com By Joe Vanden Plas 09/18/06


Related biology technology :

1. CDW buyer supports Berbee growth plans
2. Doyle announces technology tax credits for Berbee
3. Berbee to expand at New Venture Center
4. Anatomy of a deal: CDW and Berbee
5. CDW names VP to handle Berbee merger
6. Berbee wins two Microsoft awards
7. Microsoft rewards Berbee for project management expertise
8. Cisco names Berbee a top partner of 2005
9. Berbee wins IBM partner award
10. Berbee Data Centers complete audit, certification
11. Berbee designated a Microsoft Small Business Specialist
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