Business News
Sparxent Announces Acquisition of NetworkD Corporation
2008-08-24 23:01:00
NetworkD Becomes Part of Company Focused on Providing Software, Hardware
and IT Consulting Services to Mid-Market Customers
SALT LAKE CITY, Aug. 25 // -- 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.
About Sparxent
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.
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