Western Micro acquires R&D Hardware Systems.CAMPBELL, Calif.--(BUSINESS WIRE)--Jan. 12, 1996--Western Micro Technology Inc. (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 :WSTM WSTM White Sands Transverse Mercator ) a leading mid-range systems distributor, Friday announced that it signed a definitive agreement and closed the transaction on Jan. 2, 1996 to acquire the assets of R&D Hardware Systems Co., a distributor of IBM's RS/6000 and Unisys products based in Colorado Springs Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo. Western Micro has issued and transferred 125,000 shares of common stock at closing and has entered into an earn-out for up to an additional 142,500 shares over a two year period. "The acquisition of R&D Hardware Systems, along with the acquisition of IPI-GrammTech in November 1995, adds significant revenue to our company on an accretive basis," said Scott Munro, 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 Western Micro. "As our acquisition strategy unfolds, we will continue to aim at expanding our geographical presence, increasing sales of our key vendors, and providing our resellers with a select group of world-class product lines and mid-range solutions." This transaction further establishes Western Micro as one of IBM's largest Managing Industry Remarketers (MIRs) and cultivates a strategic relationship with Unisys Client/Server Systems, underscoring the company's value-added, mid-range solutions focus. R&D Hardware Systems company has been in existence for more than 10 years and has always been a profitable entity experiencing strong growth since inception. The R&D Hardware Systems staff has outstanding experience and expertise in Unisys as a provider of UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). , BTOS (B Twenty OS) The Burroughs Corporation version of CTOS, named after the B20 workstation family that the operating system ran on. Over one million CTOS/BTOS systems have been sold worldwide by Unisys. See CTOS. BTOS - Convergent Technologies Operating System and CTOS (Convergent Technologies OS) An operating system that runs on Unisys' x86-based NGen and SuperGen series (formerly the B-series). It was originally developed by Convergent Technologies, which was acquired by Unisys. products and has been an MIR of 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) since 1991. Western Micro Technology is an innovative value-added distributor providing solutions sales and services to VARs, Integrators and OEMs. Western Micro excels as the distributor of choice for the sophisticated, high-level VARs who insist on working with the best products supported by top-notch technical and marketing professionals. Leading worldwide manufacturers such as IBM, Hewlett-Packard, AT&T, Data General and Oracle have established strong business relationships with Western Micro. In turn, Western Micro provides its customers with the dedicated technical capabilities necessary to support these world class product lines. Editor's Notes: 1. Western Micro, Western Micro Technology Inc. and the Western Micro logo are registered trademarks of Western Micro Technology. 2. All other products and company names are respective property of their prospective holders and should be treated as such. CONTACT: Western Micro Technology Inc. Scott Munro, 408/379-0177 or Miller/Shandwick Sara Burns/Leslie Furuta, 310/822-4669 |
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