GMRI Sells Product Reselling Business to PC Mall Gov
September 7, 2006 02:35 AM
CHANTILLY, Va.—(BUSINESS WIRE)—Sept. 7, 2006 — PC Mall Gov, Inc., a wholly owned subsidiary of PC Mall, Inc. (Nasdaq:MALL) announced today that it has acquired the products business from Government Micro Resources, Inc. (GMRI), a government reseller of high-technology products including Sun Microsystems, IBM, Saba, and Apple. The business, which was acquired through a wholly owned subsidiary for cash of $3.25 million, includes product business assets and contracts. PC Mall Gov has hired certain employees of GMRI who were associated with GMRI's products business. Through the first eight months of 2006, GMRI's records of its products business reflected approximately $43 million in sales.
This purchase leaves the professional services division as an independent company. Plans are to rename it as Fulcrum IT Services Company. Most of the large portfolio of contracts will remain with Fulcrum IT. Fulcrum IT leaders will continue the 20 year GMRI tradition of providing total IT solutions to Federal and local government agencies with Enterprise Services, Web-Enablement, and Information Assurance as core areas of expertise. The headquarters for Fulcrum IT Services Company will remain in Manassas, VA.