CompuCom Announces Acquisition of Excell Data Corporation; To Purchase Business Unit From Cambridge Technology Partners.Business Editors & High Tech Writers DALLAS--(BUSINESS WIRE)--July 11, 2001 CompuCom Systems, Inc., (Nasdaq:CMPC CMPC Classified Matter Protection and Control CMPC Compañia Manufacturera de Papeles y Cartones S.A. CMPC Cisco Multi-Path Channel CMPC Children's Media Policy Coalition CMPC Central Milk Producers Cooperative CMPC Connecticut Minority Purchasing Council ), a leading digital infrastructure solutions provider, announced that it has signed a definitive agreement with Excell Data Corporation and Cambridge Technology Partners, a subsidiary of Novell, Inc. (Nasdaq:NOVL NOVL Novell, Inc. (stock abbreviation, AMEX) ) to purchase certain assets of Excell Data for cash. Excell Data is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Cambridge. The acquisition is subject to a number of conditions including the approval of certain Excell Data clients. The acquisition is expected to close in July. Headquartered in Bellevue, Washington Bellevue is a rapidly growing city in King County, Washington, U.S., across Lake Washington from Seattle. Long known as a suburb or satellite city of Seattle,[1] it is now categorized as an edge city or a boomburb. , Excell Data focuses on high-end technical applications development in its IT staffing activities, such as the development of custom software applications, new commercial software products and e-commerce Web sites. In addition, Excell Data provides worldwide event technical planning and support. "We are excited about the acquisition of Excell Data, as it extends CompuCom's infrastructure solutions to include application development," said J. Edward Coleman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CompuCom. "In addition, this acquisition accelerates our services growth strategy with services that are independent of our product business, and deepens and broadens CompuCom's capabilities to support leading-edge Microsoft products and technologies." About CompuCom Systems, Inc. CompuCom Systems, Inc. is a leading digital infrastructure solutions provider. CompuCom's clients include Fortune 1000 enterprises, vertical industry leaders, major technology equipment providers, leading edge systems integrators and wireless technology providers. CompuCom's technology solutions help companies master complex technologies. CompuCom leverages people, process and technology to offer best in class solutions that enable, optimize and operate the digital technology infrastructure. CompuCom is a Safeguard Scientifics (NYSE NYSE See: New York Stock Exchange :SFE See Sydney Futures Exchange. ) partner company, and is accessible via the Internet at www.compucom.com. Certain statements contained in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements, and as a result could have an adverse impact on CompuCom's business, financial condition and operating results. These factors include, among other things, revenue generation, customer acceptance, management of growth and future acquisitions, attraction and retention of key management and technical personnel, competition, vendor's direct marketing initiatives, dependence on vendors and reliance upon vendor programs potential fluctuations in operating results, working capital financing, and the matters discussed in CompuCom's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other public filings and disclosures. Readers should refer to those documents and should not place undue reliance on these forward-looking statements. |
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