CDW Completes Acquisition of Leading IT Solutions Provider Berbee Information Networks Corporation.VERNON HILLS, Ill. -- CDW CDW - data warehouse Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CDWC CDWC Computer Discount Warehouse (stock symbol) ), a leading provider of technology products and services to business, government and education, today announced that it has completed the acquisition of privately-held Berbee Information Networks Corporation ("Berbee"), one of the nation's largest independent IT solution providers. CDW announced a definitive agreement to acquire Berbee on September 18, 2006. Pursuant to the Stock Purchase Agreement, CDW completed the acquisition for a total purchase price of $184 million, including an adjustment for working capital. This acquisition will enhance CDW's offerings of advanced technology products and services to address customers' more complex business requirements. In addition, the acquisition is consistent with CDW's strategies to expand its customer base, capture a greater share of its customers' IT spending and increase its addressable Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be market. Founded in 1993 and headquartered in Madison, Wisconsin Madison is the capital of the U.S. state of Wisconsin and the county seat of Dane County. It is also home to the University of Wisconsin–Madison. The 2006 population estimate of Madison was 223,389, making it the second largest city in Wisconsin, after Milwaukee, and , Berbee is a proven partner to a broad spectrum of customers including corporate, healthcare, education and state and local governments. Berbee provides world-class solutions and engineering capabilities in advanced technologies primarily across the Cisco, IBM and Microsoft See Microsoft and IBM. platforms. Areas of expertise include network infrastructure and unified communications The real time redirection of a voice, text or e-mail message to the device closest to the intended recipient at any given time. For example, voice calls to desk phones could be routed to the user's cellphone when required. , systems and storage, security, productivity applications and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality . Berbee is a national gold certified partner with Cisco, a premier business partner with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) authorized to sell all IBM server and storage lines and has six Microsoft gold certifications. Berbee received recognition as Cisco's U.S. IP Communications A general term for networks that use the IP protocol for voice (VoIP) and video traffic. See IP telephony. Partner of the Year in 2005, an IBM Beacon Award for Best IBM iSeries On Demand Solution in 2006 and Microsoft Central Region Partner of the Year in 2006. Forward Looking Statement Any forward-looking statements contained in this release are based on the Company's beliefs and expectations as of the date of this release and are subject to certain risks and uncertainties which may have a significant impact on the Company's business, operating results or financial condition. Should any risk or uncertainty materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those described in forward-looking statements. Factors affecting the Company's business and prospects are discussed in the Company's filings with the Securities and Exchange Commission. About Berbee Information Networks Corporation Berbee Information Networks Corporation is one of the nation's largest independent providers of IT solutions to a broad spectrum of clients. More than half of the company's revenue is generated from enterprise class customers that include some of the nation's best known corporations. Berbee's areas of expertise include network infrastructure and unified communications, systems and storage, security, productivity applications and managed services. Known for its world-class engineering and proven service excellence in advanced IT technologies, Berbee has achieved high levels of certification concurrently with its key vendor partners. Berbee is a national gold certified partner with Cisco, a premier business partner with IBM authorized to sell all IBM server and storage lines and has six Microsoft gold certifications. Founded in 1993 by Jim Berbee, a former IBM systems engineer (job) IBM Systems Engineer - (SE) A software person from IBM. , the company was formed to provide a high level of services to clients in need of networking and mid-range server technologies and, in the ensuing 13 years, has grown to become a leading IT solutions provider in the Midwest including Wisconsin, Illinois, Minnesota, Michigan, Indiana and Ohio. About CDW CDW[R], ranked No. 343 on the FORTUNE 500, is a leading provider of technology solutions for business, government and education. CDW is a principal source of technology products and services including top name brands such as Acer, Adobe, Apple, Cisco, HP, IBM, Lenovo, Microsoft, Panasonic, Samsung, Sony, Symantec, Toshiba and ViewSonic. CDW's direct model offers customers one-on-one relationships with knowledgeable account managers and access to more than 600 on-staff engineers and advanced technology specialists who customize solutions for customers' complex technology needs. CDW also provides same-day product shipping and post-sales technical support. CDW was founded in 1984 and employs approximately 5,250 coworkers. In 2005, the company generated sales of $6.3 billion. For more information, visit CDW.com. For more information about CDW: Visit CDW on the Internet at http://www.cdw.com. Contact CDW Investor Relations Investor relations The process by which the corporation communicates with its investors. via the Internet at investorrelations@cdw.com or by telephone at 847-419-6328. CDW is a registered trademark and CDW@work is a trademark of CDW Corporation. Other company and product names may be trademarks of their respective owners. |
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