Gem and Micro Peripherals (Micro-P) owner DCC Group has made another acquisition, snapping up UK Symantec distributor Codework for an undisclosed sum.
Codework, which posted turnover of £14m last year, has sold up to Altimate Group – formerly Distrilogie – which is part of Ireland-based DCC and already operates in six European countries.
Through its Sercom division, DCC owns a host of other distributors across Europe, including UK outfits Gem and Micro-P, Irish broadliner Sharptext and French player Banque Magnetique.
Divyesh Lakhani, managing director and founder of Codework, said: “We are delighted to be joining Altimate, a successful operation within a large and financially stable group.
“This will provide us with a supportive infrastructure and the resources to allow us to focus even more on using our capabilities to continue our next phase of growth in the UK and Ireland.”
Altimate Group claims to have a turnover of €257m (£212m) and sells to 2,500 VARs. It said that Codework would strengthen its position with Symantec, particularly around the vendor’s Altiris and security brands.
According to the rumour mill, Altimate was close to reaching a deal with European storage distributor SDG late last year before it was bought by Azlan.
Businesses also admit to holding data without permission of subjects
Zedsphere says end-point security vendor's offerings will be a 'key' feature of its wider portfolio
New acquisition will bring UK cloud service provider's global headcount to over 700
Law firm claims that Oracle lied to investors over what is driving its cloud revenue growth and boosted sales through 'threats and extortive tactics'