Wayside Technology Group has bought UK-based IT channel distributor Spinnakar for £9.8m, widening its reach in EMEA and strengthening its storage, cloud, security and data management offering.
The acquisition will bring scale and channel expertise to Wayside as well as more than 15 vendor partners including Cloudian, Deep Instinct, Rubrik, Virtuozzo, Vast Data, among others.
Wayside CEO Dale Foster, said: “We expect this acquisition to be accretive to gross margin and net income, boosting both growth and profitability going forward.”
Spinnaker will integrate with Wayside's European business units, Climb UK and Grey Matter, with founder and CEO Gerard Brophy continuing to lead and scale its EMEA business.
Brophy added: “As a new member of the team, I plan to further expand our line card through our combined expertise and shared vision of bringing new, innovative companies to market through our global network.”
