Insight-PCM Deal to Spawn $9B Goliath
Insight Enterprises announced it is buying PCM Inc. for $581 million in cash and assumed debt, bringing two channel giants together under one roof, creating a solutions juggernaut, with expected annual sales of more than $9 billion, Insight announced.
“Together we will solidify our position as a market leading solution provider with global scale and deep technical talent helping clients across the globe run their businesses smarter,” Insight CEO Ken Lamneck told analysts on a conference call Monday announcing the deal. “Together we expect to drive net sales of more than $9 billion annually and higher gross margins than Insight alone.”
Once the deal closes, the combined company will have more than 7,500 client-facing employees, including sales, presales, software development, design, engineering, implementation and management, a technical pool that will differentiate them from competitors, Lamneck said.
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