Avnet (AVT) to Acquire Consulting Firm BrightStar Partners

October 19, 2012 4:28 PM EDT
Avnet, Inc. (NYSE: AVT) agreed to acquire BrightStar Partners, Inc., an IBM Business Analytics and Performance Management consulting firm, as well as BSP Software LLC, an IBM Business Analytics software vendor (collectively BSP). BSP is an IBM Premier Business Partner, IBM Value Added Reseller and IBM Independent Software Vendor focused on the IBM Cognos Business Analytics product portfolio with expertise in the areas of business intelligence, financial performance management, enterprise scorecarding and data warehousing. This acquisition, which is expected to close within thirty days, will be integrated into the Avnet Technology Solutions, Americas services organization.

This acquisition is expected to be immediately accretive to earnings and supports Avnet's return on capital goal of 12.5%.

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