HEBRON, Ky.--(BUSINESS WIRE)--Feb. 26, 1998--Pomeroy Computer Resources Inc. (NASDAQ:PMRY - news),
today announced the signing of a definitive agreement for the acquisition of Global Combined Technologies Inc., an Oklahoma
City-based computer reseller and network integrator.
In addition to its Oklahoma City headquarters, Global Combined Technologies has facilities in Tulsa and Dallas, Texas. For
the year ended Dec. 31, 1997, Global recorded revenues of nearly $80 million.
States Chief Financial Officer Stephen E. Pomeroy, ''This acquisition is consistent with our current strategy of supporting the
recent initiatives enacted by Compaq Computer and IBM. Additionally, the experience base of Global's 120 employees adds
to our expertise in several areas. The company is well managed and profitable and the principals will sign multi-year
employment agreements.''
Adds Global President Dean Higganbotham, ''We believe that combining Global with Pomeroy's extensive array of integration
services offerings will provide significant benefits to our customers and employees. Pomeroy's infrastructure and financial
resources will enable Global to continue its growth and success in a highly competitive industry.''
Pomeroy Computer Resources is one of the country's five largest network integrators, as calculated by Network VAR
magazine, and including this transaction has 27 regional facilities in Alabama, Florida, Georgia, Indiana, Iowa, Kentucky,
North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas and West Virginia. For the year ended Jan. 5, 1998, the
company reported revenues in excess of $491 million.
The company declined to disclose purchase specifics. |
