Los Angeles, CA and Schaumburg, IL (June 7, 2013) - UNICOM® Global is pleased to announce that its Founder, President and CEO, Mr. Corry Hong, today signed an all-cash deal to acquire U.S. Robotics Corporation, a Delaware corporation, and its domestic parent Rockstar Holding Corporation, as well as its US Subsidiary, U.S. Robotics Americas LLC, its UK Subsidiary, U.S. Robotics (U.K.) Limited, and its German Subsidiary, U.S. Robotics (Deutschland) GmbH (collectively USRobotics) from Platinum Equity.
USRobotics, with its long history of communication innovation, will expand and build on UNICOM Global’s strategic IT offerings which will benefit UNICOM customers, technology partners and supply-chain partners. UNICOM Global continues to grow through leadership, capital, and its global presence thereby strengthening existing relationships with Fortune 500 and Global 2000 commercial customers, as well as with ISV and OEM strategic partners, the U.S. Federal Government, and State, Local and Municipal government entities.
“USRobotics is synonymous with high quality products, and is a well-known brand recognized in global markets across the data communications space,” said Mr. Hong shortly after signing the Stock Purchase Agreement. “This is a strategic move for UNICOM Global. I am excited by the caliber of employees at USRobotics who will contribute to UNICOM Global’s continued commitment to the future of IT and the delivery and use of our IT solutions by our customers.”
The global network equipment industry is expected to exceed $184 billion in 2015, and switches and routers represent the leading market segment, generating close to 45% of overall market value. Europe represents almost 40% of the global networking equipment market.
“UNICOM Global’s leadership, deep understanding of technology and its ability to effectuate a deal without delay is what made them the right candidate for Platinum Equity,” said Aaron Mazzolini, Senior Vice President, M&A, Platinum Equity. “UNICOM Global has significant resources and assets to support USRobotics’ growth strategies and opportunities.”
The Global Data Center Network Equipment market is expected to grow at a CAGR of 12.16 percent over the period 2013-2016. One of the key factors contributing to this market growth is the increasing popularity of cloud services. The Global Data Center Network Equipment market has also been witnessing increasing virtualization in network environments.
UNICOM Global continues to increase the quality, quantity, depth and strength of its IT solutions including Cloud Computing, Telecom Platforms, Mobility, Application Modernization, Cyber Security, Big Data Analytics, Big Data Storage, Apache Hadoop Framework, Social Media Solutions, Smart Computing, Appliances, Document Management, and ITIL ITSM deployments for the IBM i, the IBM zEnterprise and open systems platforms.
Media Contact for UNICOM Global:
Mr. Russ Guzzo
Media Contact for Platinum Equity:
Mr. Mark Barnhill
All trademarks referenced herein are trademarks of their respective companies.
About USRobotics www.usr.com
For more than three decades, millions of businesses and consumers have relied on USRobotics for dependable internet access. Today, USRobotics endeavors to continue the longstanding tradition of supporting successful businesses by providing equipment for data transfer, remote management, broadband backup, point-of-sale, and machine-to-machine functions. The company strives to support the latest technologies through the development of new tools, which are known for their mobility, convenience, and reliability. USRobotics products are designed for multiple environments, including data centers, remote networks, embedded solutions, and small-to medium-sized business markets.
About Platinum Equity, LLC www.platinumequity.com
Platinum Equity is a global M&A&O firm specializing in the mergers, acquisitions, and operations of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. Since it founding in 1995 by Tom Gores, Platinum Equity has completed more than 145 acquisitions.
About UNICOM® Global www.unicomglobal.com
UNICOM Global consists of more than twenty-five (25) corporate entities encompassing a wide range of businesses across multiple states and countries. With its corporate headquarters in Los Angeles, California, to offices in Illinois, Massachusetts, New Hampshire, New Jersey, Texas and Virginia, as well as across Europe in the UK, Ireland, Germany, France, Italy, Spain, Belgium and Switzerland, UNICOM Global offers deep in-house resources and flexible IT solutions to our partners worldwide. UNICOM Global focuses on acquiring and integrating mature and growing mid-cap NASDAQ, London Stock Exchange AIM and German publically-traded companies in technology, financing, real estate, and business services.