Avnet buys Genilogix
IT application lifecycle management company to offer resellers and partners more opps
Avnet has once again splashed the cash.
The distribution company bought Genilogix LLC, an IT application lifecycle management firm, which provides a collection of products and services that are claimed to help channel partners and customers improve security, quality, performance, availability, governance, and regulatory compliance for mission-critical applications.
As an HP Software Enhanced Elite Partner, Genilogix is also said to help enterprises with all aspects of application lifecycle management from design to implementation to long-term support of the HP IT Performance Suite.
The company also claims to offer a SaaS based project and portfolio management system for the Cloud. It generated revenue of approximately $23 million in the 2011 calendar year.
Jeff Bawol, president, Avnet Technology Solutions, Americas said the acquisition would strengthen the company’s software and services portfolio, which would help drive growth for both supplier and reseller partners.
The acquisition will be integrated into the operations of the services group of Avnet Technology Solutions in the Americas.