DALLAS--(BUSINESS WIRE)--CompuCom Systems, Inc. (“CompuCom”), a leading IT outsourcing company, today announced that the transaction is complete with IIM Acquisition Corp., an affiliate of Court Square Capital Partners (“Court Square”), to acquire CompuCom from affiliates of Platinum Equity. In addition, Court Square has also completed the acquisition of the managed services business unit of Vanguard Managed Solutions, LLC. (VanguardMS™) from Platinum Equity, and will merge and integrate the company with CompuCom.
The merger and integration of the managed services business unit of VanguardMS, the nation’s largest independent provider of network managed services, will accelerate CompuCom’s remote networking and security services to further complement existing network management capabilities. The managed services business unit of VanguardMS provides managed network services, VOIP services, and managed security services, and will integrate its offerings into CompuCom’s award-winning portfolio of infrastructure management services, application services, systems integration and procurement services. Using the CompuCom company name moving forward, the merged organization's newly combined capabilities will ultimately help clients manage all facets of their IT ecosystems and address their most critical business challenges such as cost, security and operational efficiencies. Vanguard Networks, the products business unit of VanguardMS, will remain a Platinum Equity company and will not be affected by this acquisition.
According to Gartner, “by 2010, 60% of organizations will source some part of their network management and operations to a third-party provider.”* VanguardMS maintains a network operations center (NOC) in Mansfield, MA, where 7x24 management, monitoring, change control and support of network and security operations is provided for more than 65,000 devices at hundreds of clients. The newly added NOC services will further bolster CompuCom’s network management capabilities and underscore CompuCom’s commitment to meeting clients’ needs.
“Through our Integrated Infrastructure Management (IIM) solution, CompuCom is focused on enabling the most reliable and efficient infrastructures for our clients and their services nicely align with our future direction,” said James Dixon, Chief Executive Officer of CompuCom. “The integration of both organizations underscores Court Square’s intent to focus on organic and inorganic growth and take CompuCom to the next level. Our combined complementary client bases and service offerings will help build our business and further expand client offerings moving forward. Together we will focus on proactively meeting or exceeding client expectations via flexible, cost-effective delivery of services. We look forward to working with Josh Levine, President of VanguardMS managed services, to grow the business by building upon the synergies and strengths between the two companies,” added Dixon.
“WilcoHess is excited about the merger of the managed services business unit of Vanguard Managed Solutions and CompuCom, Inc.,” said Ed Freels, CIO of WilcoHess. “We depend day to day on VanguardMS to manage our networked infrastructure and appreciate their client-oriented focus. The merger with CompuCom honors a strong commitment to clients complemented by an expanded portfolio of services and additional resources. We look forward to working with the combined company,” added Freels.
CompuCom’s Network Management service offering is capable of providing the day-to-day monitoring and management functions required to support today’s IT infrastructure, incorporating ITIL best practices and standards. The newly strengthened service offering enables small, medium and larger-sized organizations to realize cost reduction, greater network availability and reliability, enhanced security, better service quality and greater efficiency.
About VanguardMS Managed Services
Headquartered in Mansfield, Mass., Vanguard Managed Solutions (VanguardMS™) is the largest networking managed services provider in the U.S. not affiliated with a carrier or product manufacturer. By offering managed services at a cost-effective monthly subscription fee, its clients achieve networks that are safe, reliable, and efficient, without making a huge investment in IT support staff and tools. VanguardMS offers a diverse portfolio of premier managed services with the ability to customize based on clients' business requirements. The company is ISO 9001:2000 registered.
About CompuCom Systems, Inc.
CompuCom is a leading IT outsourcing company providing infrastructure management services, application services, systems integration and consulting services, as well as the procurement and management of hardware and software. With 20 years of IT experience, CompuCom employs more than 7,400 highly skilled associates who have earned a combined total of more than 42,000 industry certifications company-wide. As experts in workplace services, CompuCom’s unique Integrated Infrastructure Management (IIM) solution reduces costs, increases productivity and helps clients gain maximum value from information. For more information, visit www.CompuCom.com.
About Court Square Capital Partners
Court Square was established as an independent private equity firm by the former members of Citigroup Venture Capital Equity Partners. Court Square is focused primarily on leveraged buyout transactions in the middle market. Since 1990, the investment professionals at Court Square Capital Partners have invested in approximately 150 transactions in multiple industries, including technology and telecommunications, growth industrials, business services, healthcare and media. Court Square Capital Partners is currently investing Court Square Capital Partners II, L.P., which, together with its affiliated partnerships, is a $3.1 billion private equity fund that was raised in 2007, and is currently managing Citigroup Venture Capital Equity Partners, L.P., which, together with its affiliated partnerships, is a $2.6 billion private equity fund that was raised in 2001.
* Gartner Research “Key Issues for Managed and Professional Network Services, 2007” by E. Goodness. April 26, 2007.