M&A Deals That Reshaped The Channel: October 2016
Submitted by Michael Novinson and Jimmy Sheridan on
9. Connection
Company acquired: GlobalServe
Head count: 30 employees
Annual revenue: Not disclosed
Purchase price: Not disclosed
Date of announcement: Oct. 13
Connection, No. 21 on the 2016 CRN Solution Provider 500, purchased GlobalServe to make it easier for U.S.-based multinational firms to support the technology needs of their offshore divisions.
The Merrimack, N.H.-based company, formerly known as PC Connection, said its acquisition of GlobalServe would make it possible for international conglomerates to quickly and easily fulfill their IT needs by using GlobalServe's procurement system to work with a roster of 500 solution providers with a combined 25,000 employees across 174 countries.
Englewood Cliffs, N.J.-based GlobalServe is most valuable for multinational firms, thanks to its procurement engine, and could be a good fit for roughly 40 percent of Connection's customers, according to Connection.
