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PCM UK Acquires Stack Technology Holdings and its Subsidiaries Acquisition Expands PCM UK Vendor Accreditations and Service Capabilities EL SEGUNDO, Calif., Sept. 25, 2017 (GLOBE NEWSWIRE) -- PCM, Inc. (NASDAQ:PCMI), a leading technology solutions provider, today announced that its U.K.-based subsidiary, PCM Technology Solutions UK, Ltd. (PCM UK), has acquired Stack Technology Holdings, Ltd (The Stack Group). Founded in 1979, The Stack Group are highly regarded specialists in the selection, implementation and management of leading IT solutions, with offerings encompassing all aspects of cloud, security, virtualization, data services, unified communications, and infrastructure. With its headquarters in Liverpool along with two accredited cloud data centers, The Stack Group delivers leading edge technologies and services to clients throughout the U.K. PCM UK’s acquisition of The Stack Group will further enhance its expertise and vendor accreditations within the hybrid cloud, networking, security, data management, and digital workplace segments, enabling PCM UK to provide further consultancy, integration and supply of solutions from the world’s leading brands including, Cisco, Citrix, Dell/EMC, Fortinet Meru, NetApp, Nutanix, Sophos, Veeam, VMware, Ubiquiti Networks, Zerto and others. “The acquisition of The Stack Group is a key milestone for our new UK segment to further support our clients’ needs in the services and solutions market,” added Frank Khulusi, Chairman and CEO of PCM, Inc. “As a leading provider in North America, we continue to look for ways to accelerate market share gains and this acquisition will allow us to expand upon our offerings not only to new customers in the U.K. and European markets, but also to our global customers based in North America. We are pleased to welcome The Stack Group team to the rest of the PCM family and look forward to jointly providing world class services and solutions to our clients across the globe.” The Stack Group will also enable PCM UK to accelerate the growth of its managed services and multi-lingual global service desk within the European region with additional services including accredited UK-based datacenter facilities delivering a full range of data center and cloud solutions, remote management and monitoring, fully managed datacenter infrastructure, managed collaboration and unified communications, 24x7 shared support desk and outsourced help desk services, project management, service delivery management and other managed services. “Our continued investment into the UK organization allows us to extend our existing service offerings within North America to our European-based clients,” noted Doavan Hutchinson, Managing Director, UK & International for PCM UK. “This strategic investment is in line with our global strategy to provide high levels of customer satisfaction by delivering bespoke solutions to meet our clients’ needs. I am excited to work with the team at The Stack Group given our strong cultural fit and motivation to integrate our product portfolios and offerings to mutual and net new clients that will allow us to accelerate our business as a true global solutions and services provider.” Steve Cobham, Managing Director for The Stack Group commented, “We are delighted and excited to be joining the PCM family. The acquisition allows us to build on Stack’s renowned service heritage and enables us to expand and grow our offerings to not only existing clients but also to the PCM client base.” Stack had total revenues of approximately £2.9 million for fiscal year ended March 31, 2017. PCM currently expects this strategic acquisition will initially have an immaterial effect on its bottom line and will address any related questions at its next earnings conference call. About PCM Forward-looking Statements Investor Relations: |