EMC Makes Bid for U.K.-Based Partner Firm
EMC Corp. this week made an offer to buy Conchango plc, a U.K.-based Microsoft
Gold Certified partner, for U.S. $84 million.
Conchango's board unanimously recommended the offer to Conchango shareholders,
and the deal is expected to close this month.
EMC positions the move as giving the Hopkinton, Mass.-based storage giant's
Microsoft consulting practice a foundation in the United Kingdom and Europe.
"The addition of Conchango will mark another key milestone in the evolution
of EMC's rapidly growing consulting services organization, significantly expanding
our global capabilities to design, build and deliver tightly integrated solutions
for our customers' most critical business applications," said Howard Elias,
president of EMC's Global Services and Resource Management Software Group, in
Conchango would bring about 300 professionals to EMC's existing Global Services
Division, which has 12,000 employees. According to EMC, Conchango and its employees
will become the core of EMC's Consulting & Solutions Integration Services
organization in Europe. Conchango co-founders and joint managing directors Mike
Altendorf and Richard Thwaite will lead EMC's European consulting practice.
Conchango was founded in 1991 and has seven Microsoft competencies. Customers
for its solutions include Tesco, Virgin Atlantic and SKY.
Posted by Scott Bekker on April 03, 2008 at 11:58 AM