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TheStreet Open House

Ingram Micro Acquires SoftCom

Stocks in this article: IM

SANTA ANA, Calif., Sept. 12, 2013 /PRNewswire/ -- Ingram Micro Inc. (NYSE: IM), the world's largest wholesale technology distributor and a global leader in supply-chain and mobile device lifecycle services, today announced it has acquired Toronto, Canada-based SoftCom Inc., a leading cloud marketplace and global service provider offering domain name management, web hosting and cloud infrastructure services, among other SMB-focused solutions. Founded in 1997, SoftCom operates brands such as myhosting.com and mail2web.com and has a seasoned team of engineers with deep experience in building and developing cloud aggregation and web solutions.  

SoftCom will operate as a wholly owned subsidiary of Ingram Micro. Turker Sokullu, former CEO and co-founder of SoftCom, will continue to lead the company as executive director, reporting to Nimesh Dave, Ingram Micro executive vice president, global business process and cloud computing. Further details of the transaction, which closed today, were not disclosed.

"SoftCom's expertise and proven track-record in cloud services will enhance our cloud offerings road map and aggregation platform," said Alain Monie, Ingram Micro president and CEO. "Today, we deliver more than 150 solutions from over 50 leading cloud vendors and with this acquisition we believe we will further improve the way our global partners and customers sell, service and procure cloud-based solutions. This addition also gives our partners another competitive service advantage in the rapidly growing cloud market, especially with small-to-midsized businesses, and is another step forward in our strategy to better serve our customers and partners with high-value IT services and cloud-delivered solutions. We welcome SoftCom's associates, partners and customers to the Ingram Micro family and are excited by the value they will bring to our channel partners."

"Joining Ingram Micro provides SoftCom with a whole new range of exciting business opportunities," said Sokullu. "We have grown SoftCom's business by relentlessly focusing on our customers and building a culture of trust and camaraderie among employees with a passion for delivering high performance web and cloud solutions. We are excited by Ingram Micro's shared values and vision and look forward to contributing to their global growth and diversification strategy."

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