Logicalis coughs $34m for Netarx

Logicalis has paid $34m for US IT services biz and fellow Cisco Gold partner Netarx.

The Detroit-based firm, founded in 1997, employs 220 staff and has annual revenues of roughly $60m built on the back of managed services, data centre and collaborative IT solutions.

"This acquisition builds on the already strong position held by Logicalis in the mid-west region, and will give [the business] a dominant position within the Michigan solution market," said Jens Montanana, chief exec at Datatec – owner of Logicalis.

"Both Logicalis and Netarx are Cisco Gold Parters so this acquisition also helps to strengthen this strategically important relationship," he added.

Acquisitive Logicalis has already snapped up Tandberg platinum reseller Direct Visual – which flogs video conferencing kit and video managed services – in January. Several months later it bought IBM Cognos player Inca Software. ®