FusionStorm Acquires Top-Tier IBM Business Partner Jeskell, Inc.The Acquisition Fuels Major Growth For Award Winning IT Solutions, Including: 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 and Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- FusionStorm -- "Making Technology Work" - an award-winning managed service provider and leading systems integrator announced today that it has acquired Jeskell, Inc., a top-tier 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) Premier Business Partner and Government solutions provider, based in Sunnyvale, California Sunnyvale ([sʌniveil]) is a city in Santa Clara County, California, United States. It is one of the major cities that make up the Silicon Valley. As of the 2000 census, the city population was 131,760. . The acquisition enhances FusionStorm's business strategy, driving revenues to nearly $400 million, while also broadening FusionStorm's technology solutions approach, by assisting clients in obtaining a competitive advantage, delivering best-of-breed technology with the industry's most innovative IT services and solutions. The two companies will retain their individual identities, market specialties, and present employees. John Varel, 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 FusionStorm stated, "We spent the time and researched hundreds of IT solution providers serving the Federal and Public Sector market and we chose Jeskell because we saw them as the biggest and best IBM Government and Education IT solution provider around." Jeskell will continue its exclusive alignment with IBM products and its primary focus on the Public Sector. It will operate from its headquarters in Sunnyvale, California with its present management as an autonomous, 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 FusionStorm. Javed Khan will continue as president. At the same time, the company will be able to call on FusionStorm's extensive portfolio of professional and managed services as needed as needed prn. See prn order. . Jeskell will also leverage the FusionStorm top-tier relationships with complementary technology suppliers, like Cisco Systems. "I want to make clear," said Javed Khan, founder and president of Jeskell, "that we remain 100 percent committed to IBM. However, in product and service areas where IBM may not have an appropriate offering, we see the FusionStorm competencies as strong value-adds. We are excited about the possibilities." Annual sales for Jeskell are $132M, and they were named the 2006 Government IT Solution Provider of the Year by GovernmentVAR magazine. They are also recognized by IBM as a Public Sector Star. "It is especially gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to me," stated Khan, "that this deal is being done with absolutely no personnel changes. All of our employees will have greatly expanded opportunities for personal and professional success." Southwest Securities, Inc. was the exclusive financial advisor and placement agent for FusionStorm in connection with the transaction. About FusionStorm FusionStorm -- "Making Technology Work" -- is a leading national provider of IT products, professional services, support contract services and 24x7 managed services for enterprises of all sizes. The company assists organizations by providing complete solutions for system infrastructure, storage, networking, voice-over-IP communications, security, database, disaster recovery, managed hosting and remote managed services, both on-site and in the data center. FusionStorm offices include San Francisco (HQ), Santa Clara, Sacramento, Los Angeles, San Diego, Las Vegas, Chicago, Cincinnati and Boston. The company's web site is www.fusionstorm.com and the toll-free phone is 800.228.TECH (8324). About Jeskell Established in 1991, Jeskell is an IBM Premier Business Partner focused exclusively on delivering IT solutions, based on IBM products and services, to educational institutions and government organizations nationwide. The company is one of the very few IBM partners fully certified for all IBM server, storage, and software products - including mainframes. Jeskell is regularly in the top five percent of all IBM business partners and consistently ranks among the leaders in IBM customer satisfaction surveys (96% in the latest survey). Contact the company at (408) 744-0102 or 1-877-537-5355 (toll-free). Web address: www.jeskell.com. About Technology Investment Capital Corp (TICC TICC Terlingua International Chili Championship (Texas) TICC Topics in Clinical Chiropractic TICC Terminal Initiated Channel Configuration TICC Tactical Information Communication Center ) TICC is a publicly traded business development company principally engaged in providing capital to small to mid-size technology-related companies. While the structures of our financings vary, we look to invest primarily in the debt of established technology-related businesses. Companies interested in learning more about financing opportunities should contact Barry Osherow at (203) 661-9572 or visit our website at www.ticc.com. About Southwest Securities, Inc. Southwest Securities, Inc., (www.southwestsecurities.com) a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and other major exchanges, provides securities brokerage, investment banking and securities clearing services to a broad range of individual, corporate, public and industry clients. The firm is a wholly owned subsidiary of SWS SWS Slow Wave Sleep SWS Short Wavelength Spectrometer SWS Sturge-Weber Syndrome (birthmark) SWS Stadtwerke Speyer GmbH (Germany) SWS Social Work Services (US Army) Group, Inc. (NYSE NYSE See: New York Stock Exchange :SWS), a financial services holding company whose stock is listed and traded on the New York Stock Exchange under the symbol, SWS. |
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