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PCM Acquires Stratiform, a Technology Leader in Microsoft Cloud-Based SolutionsEL SEGUNDO, Calif., Jan. 03, 2017 (GLOBE NEWSWIRE) -- PCM, Inc. (NASDAQ:PCMI) a leading North American technology solutions provider, today announced a strategic acquisition of Stratiform, Inc. (Stratiform), an industry-leading provider of cloud IT solutions that includes consulting, professional, and managed services to clients across Canada. Stratiform, an innovative Gold Certified Microsoft Partner, has proven capabilities specializing in Microsoft cloud technology, including Azure Cloud solutions, Office 365, and Enterprise Mobility Suite. Stratiform’s unique “build your business from the cloud up” consultative approach will significantly strengthen PCM’s position as a leader in enterprise cloud solutions, further enhancing its ability to provide clients with best-of-breed cloud strategy, advisory, onboarding and migration services, as well as on-going cloud management services. PCM expects Stratiform to serve as a cornerstone to PCM’s strategic cloud and related solutions offerings and to quickly leverage its leading cloud expertise in Canada into the United States and other new markets, strengthening PCM’s established leadership position as a key differentiator in the IT marketplace. The acquisition deepens PCM’s relationship with Microsoft and other best-of-breed technology companies, and increases PCM’s reach into SMB, Mid-Market, Enterprise, and Public Sector markets throughout North America. Frank Khulusi, PCM's Chairman and CEO, stated, "The addition of Stratiform to the PCM family of companies reinforces our position as a leader of enterprise cloud solutions and services. We are thrilled to add the extremely talented Stratiform team to our Microsoft solutions focus, enhancing our Azure Cloud organization with new and innovative capabilities. Together, we are extremely well positioned to help our clients realize the business benefits of leveraging cloud technology both securely and strategically to maximize business value.” "We are very excited to be joining the PCM family. Our passion has long been to help our customers transform their businesses through the use of cloud technologies,” stated Jordan Byman, President of Stratiform. “This acquisition represents an opportunity to accelerate our growth plans and expand the Stratiform brand and presence throughout Canada and the United States. By leveraging PCM’s extensive customer relationships and operational scale, we can help even more customers ransform their organizations." PCM purchased all outstanding shares of capital stock of Stratiform in the transaction for a purchase price of C$2.1 million paid at the December 29, 2016 closing and a potential maximum aggregate earn-out payable over a three year period of up to C$1.75 million. Stratiform had total revenues of approximately C$5.5 million for fiscal year ended July 31, 2016. PCM currently expects this strategic acquisition will initially have an immaterial effect on its bottom line and will address any related questions at its next earnings conference call. About PCM, Inc. PCM, Inc., through its wholly-owned subsidiaries, is a leading technology solutions provider to small and medium sized businesses, mid-market and enterprise customers, government and educational institutions and individual consumers across the United States and Canada. We generated net sales of nearly $2.0 billion in the twelve months ended June 30, 2016. For more information, please visit investor.pcm.com or call (310) 354-5600. Forward-Looking Statement Disclosure Investor Relations: Brett Maas Hayden IR (646) 536-7331 |