PC Mall Gov acquires GMRI's business line
The $3.25 million acquisition includes GMRI's product business assets and contracts.
PC Mall Gov, a reseller of technology products to the government and educational institutions, has acquired the product business of Government Micro Resources Inc. (GMRI), a reseller of technology from companies such as Sun Microsystems, IBM, Saba and Apple Computer.
The business was acquired through a wholly owned subsidiary for $3.25 million in cash and includes product business assets and contracts, according to a PC Mall Gov statement. Through the first eight months of 2006, GMRI’s records showed about $43 million in product sales.
PC Mall Gov, a subsidiary of PC Mall, said it has hired some GMRI employees who were associated with that company’s product business.
“The acquisition expands our footprint in the government marketplace and further enhances the breadth of products we sell to include Sun,” said Alan Bechara, president of PC Mall Gov, in a statement. “The acquisition complements PC Mall Gov’s existing business and should provide us with the opportunity to leverage PC Mall Gov’s strengths across GMRI’s experienced sales organization.”
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