CANCOM SE / Key word(s): Acquisition 28.02.2014 04:57 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- CANCOM SE: acquisition of HPM Networks in Silicon Valley opens up opportunities for growth in cloud computing business Acquisition represents foundation stone for entry into US market Munich, Germany, February 28, 2014 CANCOM SE, listed in the German TecDAX technology index, has acquired all of the shares of HPM Networks by purchase agreement dated February 27, 2014 (pacific standard time, PST). Based in Pleasanton, California, HPM operates as a value-added reseller (VAR) in the cloud infrastructure environment and has long-standing relationships with business partners and customers. HPM Networks is the largest HP Enterprise Group Partner for the West Coast and the third-largest VMware Partner in the Western United States. It also has strategic partnerships with Cisco, Microsoft, EMC and Palo Alto Networks, among others. The company has 48 employees, mainly highly-skilled, and has connections with big-name enterprise customers such as Twitter, Workday, GAP, Williams-Sonoma and Juniper Networks. In 2013, HPM Networks generated sales revenues of USD 55 million (approx. EUR 40 million). Part of this consisted of agency fees paid for direct supplies to customers as part of HP's agent program. The external revenues in 2013 including the USD 82 million under the agent program with HP totaled USD 133 million (approx. EUR 98 million). The EBITDA, adjusted for one-off effects, in 2013 was USD 4.5 million (approx. EUR 3.3 million). The purchase price consists of a one-off payment equal to twice the adjusted EBITDA for 2013, in addition to an earn-out component to retain key management personnel in the business for the next few years. HPM Networks was one of the first companies to be certified as a HP Cloud Center of Excellence partner. CANCOM plans to position its own Business Cloud portfolio with customers of HPM Networks as well as with potential new customers. HPM Networks offers a good platform for this, because it has access to the market as well as to partners and customers. For HPM Networks, being part of the CANCOM group will mean additional potential for growth, as it presents an opportunity to win larger projects. Contact: Beate Rosenfeld Manager Corporate Communication & IR CANCOM SE Erika-Mann-Stra�e 69 80636 München Germany Phone: +49 (0) 89 / 54054 5193 mail to: beate.rosenfeld@cancom.de www.cancom.de 28.02.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: CANCOM SE Erika-Mann-Stra�e 69 80636 München Germany Phone: +49-(0)89/54054-0 Fax: +49-(0)89/54054-5119 E-mail: info@cancom.de Internet: http://www.cancom.de ISIN: DE0005419105 WKN: 541910 Indices: TecDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: CANCOM SE: acquisition of HPM Networks in
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