Connection (CNXN) Acquires GlobalServe
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PC Connection, Inc. (NASDAQ: CNXN), an industry-leading National Technology Solutions Provider, announced it has acquired GlobalServe, a global IT procurement and service management company. Headquartered in Englewood Cliffs, NJ, GlobalServe will offer Connection’s multinational customers access to a global supply chain platform that delivers greater flexibility, scalability, and efficiency.
GlobalServe’s procurement engine, OneSource, provides real-time reporting—including Web-based access to complete dashboard and transaction information on IT assets as they move through the supply chain and IT lifecycle. Combined with a network of nearly 500 partners and 25,000 OEM-authorized service professionals in 174 countries, the OneSource system is designed to offer Connection’s customers consistent supply chain operations and competitive procurement through a centralized purchasing portal.
Tim McGrath, President and CEO of Connection said, “Our acquisition of GlobalServe marks the next chapter in Connection’s history of customer-centric innovation. A significant number of our customers have international locations, and now we have a single solution to fulfill their IT needs, no matter where their operations are located. By leveraging the GlobalServe network and OneSource system, we will be better positioned to fulfill the unique needs of our large, multinational customers that want to simplify international sourcing and reduce costs.”
Building on an established record of customer-focused investments, the GlobalServe acquisition represents a major step forward in Connection’s ability to service customers on a global scale. Centralized purchasing, one-click reporting, and visibility into IT assets worldwide should enable customers to bridge the gaps created by geographic boundaries, currency, and language—and focus on building more competitive businesses.
Financial terms of the transaction were not disclosed.
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