Milton Keynes, U.K. – May 18, 2016 – Ingram Micro Inc. (NYSE: IM) today announced that it has acquired U.K.-based Comms-care, a leading provider of technical services to the IT channel, immediately enhancing Ingram Micro's high value service capabilities in the country. Comms-care's services include pre-sales support, configuration, professional services, maintenance and managed services designed to enable channel partners in delivering a cost effective total solution in the fast growing networking and data center solutions markets. Comms-care delivers expertise through its growing 225 staff members and 130+ field based vendor accredited consultants exclusively through channel partners supporting security for public and hybrid cloud solutions. Comms-care currently serves approximately 850 channel partners and customers in the U.K., holding accreditations with Cisco, Citrix, Microsoft, and VMWARE along with technical capability in Dell, HP, IBM, Juniper, NetApp and Lenovo.
Brent McCarty, Ingram Micro vice president and chief country executive U.K., commented, "The addition of Comms-care supports our strategy to expand our global capabilities and expertise in fast growing, high value markets. Comms-care offers a unique opportunity as they have developed a well-respected, unique services model that exclusively serves the channel. We are delighted to welcome the Comms-care team to Ingram Micro."
Ben Davies, Comms-Care Managing Director, commented, "Ingram Micro provides us with the perfect platform to achieve our objectives of growing our business and helping our partners achieve more. Ingram Micro's broad geographic reach and sterling reputation with vendor and customer partners throughout the world will enable us to expand our coverage into new regions and broaden our offerings to channel partners. We are pleased to join such a global leader."
Comms-care is the UK's leading strategic support partner to the IT channel community. With a commitment to being 100% channel focused, Comms-care offers a highly qualified technical team, complementary and supportive business model and an unrivalled level of service to approximately 850 channel partners. Comms-care's expertise enables them to confidently provide prompt design, implementation and maintenance for a wide range of data systems throughout Britain, Ireland and mainland Europe. Comms-care partners with market leading vendors including Cisco, Microsoft, Citrix and VMware. Together they offer channel partners the latest IT support and professional services around networking, cloud, data centre, wireless, security, unified communications and storage technologies.
About Ingram Micro Inc.
Ingram Micro helps businesses Realize the Promise of Technology™. It delivers a full spectrum of global technology and supply chain services to businesses around the world. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables its business partners to operate efficiently and successfully in the markets they serve. Unrivaled agility, deep market insights and the trust and dependability that come from decades of proven relationships, set Ingram Micro apart and ahead. More at www.ingrammicro.com.
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995
The matters in this press release that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act, including statements relating to the expected benefits from the combination, additional revenues, and accretion to earnings, are based on current management expectations. Certain risks may cause such expectations to not be achieved and, in turn, may have a material adverse effect on Ingram Micro's business, financial condition and results of operations. Ingram Micro disclaims any duty to update any forward-looking statements. Important risk factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, without limitation: (1) changes in macro-economic and geopolitical conditions can affect our business and results of operations; (2) our acquisition and investment strategies may not produce the expected benefits, which may adversely affect results of operations; (3) we are dependent on a variety of information systems, which, if not properly functioning, and available, or if we experience system security breaches, data protection breaches or other cyber-attacks, could adversely disrupt our business and harm our reputation and net sales; (4) the validity, subsistence and enforceability of the patent portfolio that we currently hold or acquire may be challenged, and we have a risk of being involved in intellectual property disputes that could cause us to incur substantial costs, divert the efforts of management or require us to pay substantial damages or licensing fees;(5) failure to retain and recruit key personnel would harm our ability to meet key objectives; (6) we operate a global business that exposes us to risks associated with conducting business in multiple jurisdictions; (7) our failure to adequately adapt to industry changes could negatively impact our future operating results; (8) we continually experience intense competition across all markets for our products and services; (9) termination of a key supply or services agreement or a significant change in supplier terms or conditions of sale could negatively affect our operating margins, revenue or the level of capital required to fund our operations; (10) substantial defaults by our customers or the loss of significant customers could negatively impact our business, results of operations, financial condition or liquidity; (11) changes in, or interpretations of, tax rules and regulations, changes in the mix of our business amongst different tax jurisdictions, and deterioration of the performance of our business may adversely affect our effective income tax rates or operating margins and we may be required to pay additional taxes and/or tax assessments, as well as record valuation allowances relating to our deferred tax assets; (12) our goodwill and identifiable intangible assets could become impaired, which could reduce the value of our assets and reduce our net income in the year in which the write-off occurs; (13) changes in our credit rating or other market factors, such as adverse capital and credit market conditions or reductions in cash flow from operations may affect our ability to meet liquidity needs, reduce access to capital, and/or increase our costs of borrowing; (14) we cannot predict the outcome of litigation matters and other contingencies that we may be involved with from time to time; (15) Our failure to comply with the requirements of environmental regulations could adversely affect our business; (16) we face a variety of risks in our reliance on third-party service companies, including shipping companies, for the delivery of our products and outsourcing arrangements; (17) changes in accounting rules could adversely affect our future operating results; and (18) our quarterly results have fluctuated significantly and (19) NetXUSA vendors may choose to terminate their existing agreements causing us not to realize the anticipated business synergies or earning accretion. Additionally, we risk failing to realize the anticipated benefits of an acquisition due to, among other things, the unsuccessful integration of the acquired business. We face a variety of risks associated with our ability to integrate NetXUSA into our existing systems and organization including: management's ability to execute its plans, strategies and objectives for future operations, including the execution of integration plans; customer demand in these regions; currency fluctuation; the potential for political unrest; potential regulatory constraints; and our ability to achieve the expected benefits and manage the costs of the transaction. Further, despite its global presence, Ingram Micro may fail to proactively identify and tap into emerging markets and geographies. We have historically instituted, and will continue to institute, changes to our strategies, operations and processes in an effort to address and mitigate risks; however, there are no assurances that Ingram Micro will be successful in these efforts. For a further discussion of significant factors to consider in connection with forward-looking statements concerning Ingram Micro, reference is made to our SEC filings, and specifically to Item 1A-Risk Factors, of our latest Annual Report on Form 10K.
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