SALT LAKE CITY, August 25 /PRNewswire/ --
- NetworkD Becomes Part of Company Focused on Providing Software, Hardware and IT Consulting Services to Mid-Market Customers
Sparxent, a newly formed IT and business solution provider focused on the middle market, today announced it completed the acquisition of NetworkD Corporation, a value-added reseller based in Newport Beach, Calif., with offices in North America and Europe. Exact financial terms of the transaction were not disclosed.
"NetworkD is a strategic acquisition for Sparxent. It has an excellent reputation, a strong customer base and it will become the platform for future growth," said Steve DeWindt, co-founder of Sparxent. "This is our first step in creating a new business model for providing software, hardware and IT consulting services to mid-market companies."
Established in 1996, NetworkD has a base of more than 6,000 customers throughout the U.S. and Europe. The NetworkD Group of companies includes NetworkD Corporation, NetworkD Europe Ltd., NetworkD Europe GmbH and NetworkD Europe SAS.
"Joining with Sparxent gives us access to new markets and additional resources as well as a laser focus on delivering enterprise-class IT services to mid-sized customers," said Ashley Leonard, CEO of NetworkD. "We are excited to become a Sparxent company and expand the breadth and depth of services we can offer to customers."
With this acquisition, NetworkD will retain its identity and continue to execute its core business strategy. Becoming a Sparxent company will allow NetworkD to increase its geographic and financial reach, accelerate growth and tap into additional resources worldwide.
NetworkD is recognized internationally for expertise in helping companies reduce IT operational costs and increase efficiency of support staff by utilizing systems management and service desk solutions. NetworkD is a Platinum LANDesk Software Solution Provider and the largest global reseller of LANDesk solutions.
Sparxent is focused on the marriage of consulting, solutions, integration, development and services into a single source for IT. By acquiring local IT providers like NetworkD and bringing them together under a single umbrella, Sparxent will act as a single source for IT for medium-sized companies.
Sparxent is a leading technology and business solution provider focused exclusively on the middle market. By combining global best-of-breed capabilities with hands-on local professionals, Sparxent is a comprehensive and single source for IT consulting, solutions and services. For more information, please visit http://www.sparxent.com.
About NetworkD Group, a Sparxent Company
NetworkD Group, a Sparxent Company, are the experts at endpoint security, systems life-cycle management, service desk, and IT process improvement solutions to enterprise organizations worldwide. NetworkD specializes in reducing operational costs, enhancing the customer experience and increasing efficiency of support staff. NetworkD is headquartered in Newport Beach California with regional offices and development centers throughout the United States, United Kingdom, France, Germany, and Ukraine. Visit us at http://www.networkd.com.
Copyright 2008 Sparxent, Inc. All rights reserved. Sparxent is an unregistered trademark of Sparxent, Inc., which owns other registered and unregistered trademarks throughout the world. Other names used herein may be trademarks of their respective owners.
Certain statements in this release are forward-looking statements based on current expectations and assumptions regarding future events and business performance and involve certain risks and uncertainties that could cause actual results to differ materially. Sparxent undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
Karl F. Stetson of Edelman, +1-206-268-2215, Karl.firstname.lastname@example.org, for Sparxent