Acquisition expands cloud-native professional services and deepens technical skillset
LINCOLNSHIRE, Ill. – July 1, 2020 – CDW Corporation (Nasdaq: CDW), a leading multi-brand technology solutions provider to business, government, education and healthcare customers in the United States, the United Kingdom and Canada, announced today it has acquired IGNW, a leading provider of cloud-native services, software development and data orchestration capabilities.
"CDW is committed to helping our customers develop and accelerate digital strategies to create competitive advantage," said Christine A. Leahy, chief executive officer, CDW. "Whether the application is supported best by public cloud platforms, on-premise environments or an orchestrated hybrid cloud, together CDW and IGNW have the expertise to help our customers achieve powerful results."
US-based IGNW provides digital velocity solutions including advisory, consulting and development services, and has been a CDW services partner since 2018. IGNW provides services to customers across all cloud platforms including hybrid environments, Google Cloud Platform, Microsoft Azure and Amazon AWS. IGNW is Cisco’s leading Digital Solutions Integrator Partner and 2019 Cisco Global Ecosystem Partner of the Year.
"Along with our 170 coworkers, I’m proud to join forces with CDW," said Andrew Cadwell, chief executive officer, IGNW. "Both companies thrive in helping customers navigate complexity. Together, we’ll assist more organizations with their toughest digital challenges, whether modernizing applications for the cloud, automating cloud and hybrid infrastructures or managing complex digital projects to deliver outcomes more efficiently."
"IGNW and CDW are well-aligned with shared values and a reputation for exceeding expectations. I’m thrilled to welcome this innovative, highly-skilled team to CDW," said Andy Eccles, senior vice president, Integrated Technology Solutions, CDW. "The combined business is well placed to address the growing need for software development capabilities and technical resources as our customers and partners accelerate their digital journeys including cloud migration, data orchestration and automation strategies."
The acquisition closed today, and terms of the transaction were not disclosed. IGNW is not expected to have a material impact on CDW’s 2020 Net sales and Non-GAAP earnings per share.
About CDW CDW Corporation (NASDAQ: CDW) is a leading multi-brand technology solutions provider to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. A Fortune 500 company and member of the S&P 500 Index, CDW was founded in 1984 and employs more than 10,000 coworkers. For the trailing twelve months ended March 31, 2020, CDW generated Net sales over $18 billion. For more information about CDW, please visit www.CDW.com.
Forward-Looking Statements Statements in this release that are not statements of historical fact are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding the expected benefits of the transaction and any statements regarding the plans, strategies and objectives for the transaction. These statements involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although CDW believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Reference is made to a more complete discussion of forward-looking statements and applicable risks contained under the captions "Forward-Looking Statements" and "Risk Factors" in CDW’s Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent filings with the SEC. CDW undertakes no obligation to update or revise any of its forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law.