This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Avnet, Inc. Announces Acquisition Of Genilogix

Avnet, Inc. (NYSE: AVT) announced today that it has acquired Genilogix LLC, an IT application lifecycle management firm. Genilogix provides a range of products and services that help channel partners and customers improve security, quality, performance, availability, governance, and regulatory compliance for mission-critical applications. As an HP Software Enhanced Elite Partner, Genilogix helps enterprises with all aspects of application lifecycle management from design to implementation to long-term support of the HP IT Performance Suite. Genilogix also offers a SaaS based project and portfolio management system for the Cloud. The company generated revenue of approximately US$23 million in the 2011 calendar year.

“The acquisition of Genilogix further strengthens our software and services portfolio to help drive growth for both our supplier and reseller partners,” said Jeff Bawol, president, Avnet Technology Solutions, Americas. “Genilogix’s portfolio combined with the offerings available through our recent acquisition of Pepperweed Consulting greatly enhances our ability to deliver a comprehensive IT solution for our business partners, including those focused on high growth markets such as healthcare and government.”

Founded in 2001, Genilogix provides a range of products and services to help customers recognize value within their organization for the HP IT Performance Suite. Genilogix works closely with HP to offer innovative products and services that mitigate risk by ensuring security, quality, performance and availability for the enterprise. This acquisition will be integrated into the operations of the services group of Avnet Technology Solutions in the Americas.

“Strategic expansion of our software and services portfolio strengthens our ability to bring IT solutions to market quickly and cost effectively, while ensuring value is added at each point in the supply chain,” said Tony Vottima, senior vice president, Avnet Technology Solutions, Americas’ services organization. “The expertise and relationships that the Genilogix team brings to our organization are directly aligned with our solutions distribution focus.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,837.58 -74.53 -0.44%
S&P 500 1,968.62 -1.33 -0.07%
NASDAQ 4,457.3350 +14.6370 0.33%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs