DALLAS--(BUSINESS WIRE)--CompuCom Systems, Inc., a leading IT outsourcing company, today announced the completion of its acquisition of the North American operations of Getronics. The combined entity, as of the end of each company's 2007 fiscal years, represents more than $2.1 billion in annual revenues with more than 11,000 employees. By acquiring more than $450 million of outsourcing services revenue, the collective IT services capabilities will be further enhanced on a global basis and now positions CompuCom as an over $1 billion provider of outsourcing services. CompuCom and Getronics have also signed a reciprocal global services partner agreement that allows each company to leverage their combined global capabilities.
Specifically, CompuCom has acquired Getronics operations in the U.S. and Canada as well as increased scope and scale with additional service delivery centers in the U.S., Canada and in Mexico. KPN, the current parent company of Getronics, will retain an ownership position in CompuCom and will have board representation in the expanded company. The North American operations of Getronics have been acquired in their entirety and will operate going forward under the CompuCom brand name.
“The added capabilities and expertise that will be gained from the combination of the two companies will be very positive for us,” said Antonio Marin, Chief Information Officer at Petrobras America Inc. “We look forward to continuing our relationship that has benefited from the right balance of service excellence, business value and quality.”
“The acquisition of Getronics’ North American operations is a material step forward for CompuCom in both scale and capability,” said Peter Bendor-Samuel, Founder and Chief Executive Officer of Everest Group. “As a viable alternative, CompuCom is now positioned as an important player in the broader infrastructure services sector and as a powerhouse in the desktop management arena.”
Getronics has been recognized by leading analyst firms for innovation in services for workspace security and extensive expertise in security monitoring and management. Adding to recent CompuCom acquisitions of Vanguard Managed Solutions and SaltSpring Software, the Getronics Managed Security Services (MSS) capabilities provide further opportunities for CompuCom clients to receive comprehensive security device management and monitoring solutions. The transaction also enhances CompuCom’s existing network management and data center capabilities. Additionally, CompuCom clients are soon to benefit from expanded global capabilities via the Getronics global service delivery coverage, and Getronics global clients will benefit from expanded scale and presence in the North American market.
“The acquisition of Getronics’ North American operations demonstrates CompuCom’s continued investment in growing our IT outsourcing business,” said Jim Dixon, Chief Executive Officer of CompuCom. “We're very excited about this transaction and the value we expect it to create for our clients and as well as the opportunities we expect it to create for our associates.”
About CompuCom Systems, Inc.
CompuCom is a leading IT outsourcing company that also provides application development, procurement and management of hardware and software. With more than 20 years of IT experience, CompuCom employs more than 11,000 highly skilled associates who have earned more than 53,000 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.
With worldwide revenue of EUR 2.5 billion and about 20,000 employees, Getronics is a leading ICT service-provider in the world and the largest ICT service-provider in the Benelux. As experts in workspace management services, data center and hosting services and consulting services, Getronics enables people of large organizations to move forward by releasing the power of information. To do this, Getronics has a complete portfolio of integrated ICT services for the large enterprise market and works according to a Global Service Delivery Model ensuring that services are provided for clients throughout the world that are of consistent quality. Since October 23, 2007, Getronics is part of KPN, the main provider of telecommunication services in The Netherlands. For further information about Getronics, visit www.getronics.com/us/en-us/home.htm.
About Court Square Capital Partners
Court Square Capital Partners 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. Additionally, Court Square acquired CompuCom Systems, Inc., from affiliates of Platinum Equity in 2007.