Ingram Micro (www.ingrammicro.com) announced it will acquire Promark Technology, a value added distributor (VAD) with a core technology focus on data storage, data management and electronic document imaging products and services. Based in Annapolis Junction, Md., Promark also provides various federal and state contract vehicles, including a General Services Administration (GSA) schedule, which allows its authorized vendors and technology resellers to sell to the U.S. public sector market. Ingram did not release how much it paid for the VAD, but Promark’s revenues are estimated to be $100 million for the year ending December 31, 2012. Promark will retain its name and operate as a subsidiary of Ingram Micro.
“The acquisition of Promark gives us a deeper reach into the enterprise storage market while providing new federal, state and other U.S. government revenue opportunities for our partners through the GSA schedule,” explains Paul Bay, acting president, Ingram Micro North America. “Together, we will drive revenue synergies by cross-selling Ingram Micro’s current storage solutions to Promark’s customers and offering our channel partners access to Promark’s specialized product portfolio and established government contracts.”
The acquisition is scheduled to close Nov. 30, 2012 and is subject to customary closing conditions. Dale Foster, current CEO of Promark Technology, 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. Further details of the transaction were not disclosed.