Datalink
(NASDAQ: DTLK), a leading provider of data center infrastructure and
services, today announced a definitive agreement to acquire
substantially all of the assets, and liabilities, of Cary, North
Carolina-based Strategic Technologies, Inc. (“StraTech”). StraTech is an
IT services and solutions firm that shares Datalink’s focus on
optimizing enterprise data centers and IT infrastructure through a
common product and services portfolio designed to help customers
increase business agility.
The acquisition will be Datalink’s second in the last 12 months
following the purchase of Minneapolis-based data center IT services firm
Midwave Corporation in October 2011. Both transactions are part of
Datalink’s ongoing objective to accelerate business growth through both
organic and acquisition strategies.
The transaction has been approved by the boards of directors of both
Datalink and StraTech, as well as StraTech’s sole stockholder and is
expected close on or about October 4, 2012 upon satisfaction of certain
closing conditions.
Conference Call and Webcast
Datalink will hold a conference
call once the transaction closes, which is anticipated to be on October
4, 2012. Conference call details will be provided once the actual
closing date is known.
About Datalink
A complete data center solutions and services
provider for Fortune 500 and mid-tier enterprises, Datalink transforms
data centers so they become more efficient, manageable and responsive to
changing business needs. Datalink helps leverage and protect storage,
server, and network investments with a focus on long-term value,
offering a full lifecycle of services, from consulting and design to
implementation, management and support. Datalink solutions span virtualization
and consolidation, data
storage and protection, advanced
networks, and business
continuity. Each delivers measurable performance gains and maximizes
the business value of IT. For more information, call 800.448.6314 or
visit www.datalink.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for certain forward-looking statements. This press release
contains forward-looking statements, including regarding a pending
acquisition and the financial impact of that acquisition, which reflect
our views regarding future events and financial performance. These
forward-looking statements are subject to certain risks and
uncertainties, including those identified below, which could cause
actual results to differ materially from historical results or those
anticipated. The words "aim, "believe," "expect," "anticipate,"
"intend," "estimate", "should" and other expressions which indicate
future events and trends identify forward-looking statements. Actual
future results and trends may differ materially from historical results
or those anticipated depending upon a variety of factors, many of which
are included under “Risk Factors” in our annual report on Form 10-K for
our year ended December 31, 2011, including, but not limited to: the
level of continuing demand for storage, including the effects of current
economic and credit conditions; competition and pricing pressures and
timing of our installations that may adversely affect our revenues and
profits; fixed employment costs that may impact profitability if we
suffer revenue shortfalls; revenue recognition policies that may
unpredictably defer reporting of our revenues; our ability to hire and
retain key technical and sales personnel; our dependence on key
suppliers; our ability to adapt to rapid technological change; risks
associated with integrating possible future acquisitions; fluctuations
in our quarterly operating results; future changes in applicable
accounting rules; and volatility in our stock price. Furthermore, our
revenues for any particular quarter are not necessarily reflected by our
backlog of contracted orders, which also may fluctuate unpredictably. We
cannot assure you that we can grow or maintain our revenue and backlog
from current levels.
