Arrow Electronics to Acquire Shared Technologies
Arrow Electronics has agreed to acquire Shared Technologies, the North American unified communications (UC) and managed services provider.
Coppell, Texas Shared sells, installs, and maintains communications solutions, including the latest in UC, voice and data technologies, contact center, network security, and traditional telephony. The company is expected to report via Arrow’s Enterprise Computing Solutions (ECS) North American business.
“This acquisition builds on our strategy to diversify into faster growing, high-margin markets that are complementary to our existing businesses,” said Andy Bryant, president at Arrow ECS.
Shared represents an exciting opportunity as the company adds a major player in the unified communications, telephony, and managed services industries to its product portfolio, Bryant said, adding that they bring deep customer and supplier relationships as well as extensive industry and technical expertise.
Shared has approximately 1,000 employees. Total sales in 2009 were approximately $250 million. The acquisition is expected to be $.10-$.12 per share accretive to earnings in the first full year of operations.
Company officials said that the transaction is subject to customary regulatory approval and is expected to close by the end of September.
Melville, N.Y. based Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions.
Earlier last month, Verio and Arrow ECS signed a North American distribution agreement. Under the agreement, Arrow ECS, through the Arrow Fusion Professional Services Program, connects its global network of value-added resellers to Verio’s full suite of services including Verio’s virtual private servers, managed private servers, shared hosting, domain name registration, hosted Microsoft Exchange and SharePoint and other SaaS solutions.
Anshu Shrivastava is a contributing editor for unified communications. To read more of Anshu’s articles, please visit her columnist page.
Edited by Erin Monda