M&A Continues to Record Hug Turn Over

Activities at M&A has gained considerable momentum just as the year closes-up leading to a successful transaction that involved two established names selling up to international companies. A US-listed mobile technology firm, Roc, has bought a majority stake of about 51 % from system builder Rock with the promise of sharing expertise in IPTV, place shifting, mobile internet and mobile entertainment platforms.

 The other involves security distributor Tekdata which has been acquired by Micro Perpherals (Micro-P).

The founder of Rock, Nick Boardman told CRN that though they are one of the last men standing in the system builder space and are doing okay, the market is not getting any easier. He said that rather than trying to fight it and stay independent, they believe partnering with a company that could add value to their company would be of mutual benefit to the two parties involved.

Boardman revealed that the pair would launch their first jointly developed product which is an ultra mobile PC incorporating 3G technology hopefully by March next year. He said "The deal may not make sense now, but two years down the road the rationale will become clear"

In a similar development, SonicWall distributor Tekdata also got in on the act by selling up to Micro-P – a unit of Dublin-listed DCC Group.

Keith Bird, vice president of EMEA at SonicWall, said: "This enables Tekdata to take the business to the next level. All Tekdata's management will still be there. It will be business as usual, but with the added benefit of a bigger company behind them."

 

Click Here now to Download the latest version of Skype and enjoy the best Quality Audio and Video calls for free