PC Mall Acquires a Provider of Hosted Data Center and Managed IT Services
PC Mall announced today that Sarcom, one of its wholly-owned subsidiaries, has acquired substantially all of the assets of Network Services Plus as of June 8, 2010. The terms of the transaction include an initial purchase price of $7.8 million, less a customary hold-back to settle indemnity claims. PC Mall is also extinguishing substantially all of NSPI’s indebtedness, which net of acquired working capital is approximately $1.3 million. Pursuant to the terms of the asset purchase agreement, NSPI’s shareholders can earn additional consideration based on the performance of the NSPI business over the next two years.