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Avnet, Inc purchases IT enterprise management firm

06 Aug 2012

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Avnet, Inc. has announced that it has acquired Pepperweed Consulting, an IT enterprise management and integration provider. The newly acquired company is an HP Software Elite Partner and it works with channel partners and customers to buy, deploy, support and manage HP IT Performance Suit, Converged Cloud and Insight software stacks. The company also helps customers architect, implement and operate the correct solution to meet their data center and cloud initiative goals in a timely and efficient manner.

Jeff Bawol, president of Avnet, stated that the addition of Pepperweed Consulting will complement the company's vertical market practices by providing software and services to help its HP reseller partners deliver increasingly complex and customized IT solutions needed by customers in high growth markets such as government, healthcare, energy, financial and retail.

Founded in 1996, Pepperweed Consulting provides multivendor technology expertise, services and support, complemented by internally developed components to meet each project's specific goals. This acquisition will be integrated into the operations of Avnet Technology Solutions in the Americas.

This transaction is expected to be immediately accretive to earnings and supports Avnet's long-term return on capital goal of 12.5%.

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