FOR IMMEDIATE RELEASE
Corum Advises Crane Telecommunications Group Limited in Trade Sale to Westcon Group
BELLEVUE, Wash., USA May 10, 2007 The Corum Group is proud to announce the closing of the sale of its client, Crane Telecommunications Group Limited, a leading United Kingdom-based value added distributor of voice, data and converged communications solutions, to Datatec Limited on behalf of its subsidiary, Westcon.
Crane, backed by private equity investment group APAX, with over 250 resellers in the UK, Ireland, Benelux and France, has established partnerships with many market-leading vendors including Avaya, Nortel, Alcatel, BT Network Services and Samsung. Crane achieved a turnover of £74 million in 2006.
Westcon Group, Inc. is a multi-national specialty distributor of networking, security and communications equipment for leading technology vendors, including Cisco Systems, Inc., Nortel Networks Corporation and Avaya, Inc. Westcon Group has particular expertise in the convergence of voice, data and video applications and technologies, including VoIP, security for networking and communications systems, remote access, Internet and e-business, virtual private networks, videoconferencing and wireless connectivity.
David George, Executive Chairman of Crane Group, said: Westcon Group and Crane share a heritage in delivering converged voice and data solutions for well over a decade. This acquisition enables our customers to increase their success by leveraging Westcon's complementary technologies and programme infrastructure.
Miro Parizek, Managing Director of Corum Group International added: This acquisition is an example of a European distributor building upon its strengths to better serve its customers and vendors. As stated in the press release announcing the signing of the transaction in April, Westcon Group will add considerable strength to its European convergence practice by enhancing its relationships with Avaya, Nortel and Alcatel, while gaining new vendor relationships with companies including Samsung and BT Network Services.
About The Corum Group:
The Corum Group is the premier provider of M&A services to software and information technology companies worldwide. With eleven offices globally, Corum has completed over € 5 billion in transactions in 15 countries during its over 20 year history, and publishes the software industrys most widely distributed M&A research. Corum is built and staffed by highly experienced former CEOs, who are supported by the industrys leading researchers, writers and valuators. The company has spent more than € 20 million to build the worlds largest database of technology companies worldwide (with over 70,000 contacts) to help ensure unparalleled success in client engagements. For more information please visit www.corumgroup.com.
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