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
818.838.0606
russ.guzzo@unicomglobal.com
Media Contact for Platinum Equity:
Mr. Mark Barnhill
310.228.9514
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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.
