CompuCom Completes Acquisition of Excell Data Corporation.Business Editors & High-Tech Writers DALLAS--(BUSINESS WIRE)--July 16, 2001 New Application Development Resources Provide CompuCom With Additional Service Capability; Acquisition Enhances Microsoft Solution Capabilities 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 the completion of its acquisition of certain assets of Excell Data Corporation for cash. Under the terms of the transaction, CompuCom acquired certain assets and assumed certain liabilities of Excell Data Corporation, 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 Technology Partners. Cambridge Technology Partners is a subsidiary of Novell, Inc. (Nasdaq:NOVL NOVL Novell, Inc. (stock abbreviation, AMEX) ). "Excell is a natural extension to our systems integration and outsourcing services," said J. Edward Coleman Edward Coleman may refer to:
(operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. XP and .NET." Excell is 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. and employs more than 300 associates. Excell focuses on high-end technical applications development in its contract consulting activities, such as the development of custom software applications, new commercial software products and e-commerce Web sites. In addition, Excell provides network infrastructure design and deployment and worldwide event technical planning and support. "With approximately $40 million in annual revenues, the acquisition of Excell is another step in CompuCom's ongoing transformation to a services-based company," continued Coleman. 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 accessible via the Internet at www.compucom.com. Certain statements contained in this release constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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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