CompuCom Systems announced on Friday that it has agreed to acquire the Internet of Things (IoT) division of Extensys, a provider of IoT and managed IT services. The financial terms of the transaction were not disclosed, and the acquisition is expected to be finalized in 45 days.
With the acquisition of Extensys’ “EXT-IoT” division and integration of its core team, CompuCom bolsters its global infrastructure strategy and advances as a leader in delivering IoT solutions to its existing and new clients. Combining Extensys’ deep IoT expertise with CompuCom’s next-generation portfolio around end-user computing, cloud technology services and service experience management gives clients real choice in their quest for cost-efficient ways to maximize the opportunity around IoT.
CompuCom’s IoT team will be led by Roland Feijoo, EVP IoT Solutions Group (transitioning from CEO to Chairman at Extensys); Will Winn, SVP IoT Solution Sales; Matt Good, Director of Service Delivery; and Brian Hamm, Director of R&D.
The team has led a variety of successful IoT implementations, across verticals, including building management solutions, controls and automation, systems integration, sensor management with analytics, unified video and communications with life safety, emergency notification and physical security for financial services, healthcare, retail, local government and education.
“We now have an unmatched opportunity to offer clients innovative IoT services with a robust set of offerings and one of the largest field technician teams in North America,” said CompuCom CEO Don Doctor. “With more than 6.4 billion IoT devices in operation today and that number expected to grow to 20.8 billion by 2020 according to Gartner*, we see a massive opportunity to help support our clients’ operations. As we say, anything with a chip, sensor or plug eventually needs to be supported or optimized, and CompuCom is uniquely qualified to provide that on-demand value to our clients. The addition of Extensys’ IoT business to the CompuCom family further extends that capability.”
Noted Feijoo, “We’re looking forward to expanding our capabilities with existing Extensys clients, serving new ones and delivering in new regions, and CompuCom’s U.S.-Canadian footprint and field force set it apart from any other company. Organizations need to be prepared to link thousands of IoT devices to their networks, and they need help managing, repairing and replacing those devices. CompuCom is ideally positioned to do that work, and joining forces makes us unrivaled in the ability to manage large IoT deployments.”
Doctor added, “There is so much hype around IoT, but few companies are actually
delivering on its promise. Extensys has a very strong track record of successful implementations, and CompuCom brings a significant engine to capitalize on opportunities in IoT, along with the ability to deliver a full range of life-cycle services – in markets in which CompuCom currently serves clients, as well as new ones.”