SANTA ANA, Calif., Sept. 30, 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 Norcross, Ga.-based CloudBlue Technologies, Inc. (CloudBlue), a leading provider of enterprise IT asset disposition, onsite data destruction and e-waste recycling services to large enterprise customers, retail customers and OEMs. Founded in 2008, CloudBlue provides secure and sustainable reverse logistics solutions for more than 1,000 customers.
CloudBlue will operate as a wholly owned subsidiary of Ingram Micro. Ken Beyer, former CEO and co-founder of CloudBlue, will continue to lead the company as vice president of Ingram Micro and president of CloudBlue, reporting directly to Robert Gifford, Ingram Micro executive vice president, global logistics. Further details of the transaction, which closed today, were not disclosed.
"Today, data security and environmental responsibility are at the forefront of corporate priorities," said Alain Monié, Ingram Micro president and CEO. "The addition of CloudBlue to Ingram Micro allows us to meaningfully expand our supply chain solutions portfolio with a full suite of in-demand services that reduce the risk, cost and complexity associated with securely managing IT assets and consumer electronics throughout their lifecycle in compliance with environmental and data security regulations.
"CloudBlue services a rapidly growing, higher-value market, which we expect will help accelerate the expansion of our supply chain solutions businesses across the globe," Monié continued. "In addition to cross-sell opportunities into Ingram Micro's OEM partners and existing base of more than 200,000 customers, we expect to benefit from new revenue opportunities within CloudBlue's existing blue chip customer base, given our global reach. This is an excellent complement to our supply chain services business and we welcome CloudBlue's associates, partners and customers to the Ingram Micro family."