Ingram Micro acquires CloudBlue

Ingram Micro acquires CloudBlue

By Editorial Staff, Resource Recycling

Making a push to enter the data security and e-scrap recycling industry, IT distributor Ingram Micro announced Monday it had acquired Georgia-based CloudBlue Technologies.

Former CloudBlue CEO and co-founder Ken Beyer will become vice president of Ingram Micro while remaining at the helm of CloudBlue as president. CloudBlue "will operate as a wholly owned subsidy of Ingram Micro," according to a press release announcing the acquisition.

Ingram Micro is an IT products and services vendor based in Santa Ana, California with 119 distribution centers in 37 countries.  According to the company's website, the firm serves 200,000 resellers in more than 150 countries.  President and CEO Alain MoniĆ© framed the CloudBlue acquisition as a significant step for the company as it hopes to expand its suite of services. "CloudBlue services a rapidly growing, higher-value market, which we expect will help accelerate the expansion of our supply chain solutions businesses across the globe," MoniĆ© said in the press release.

Founded in 2008, CloudBlue specializes in IT data security and electronics recycling. According to the company website, CloudBlue operates 40 locations worldwide and is R2 and e-Stewards certified.

At press time, share prices of Ingram Micro had risen by 1.23 percent since Monday's announcement.

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