DAILY NEWS Nov 21, 2012 7:00 AM - 0 comments

Avnet acquires Genilogix

Further strengthens Avnet's HP software and Cloud solutions portfolio

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Avnet Inc, Phoenix AZ, has acquired Genilogix LLC, an IT application lifecycle management firm, that provides a range of products and services that 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 helps enterprises with all aspects of application lifecycle management from design to implementation to long-term support of the HP IT Performance Suite. Genilogix also offers a SaaS based project and portfolio management system for the Cloud. The company generated revenue of approximately US$23 million in the 2011 calendar year.

"The acquisition of Genilogix further strengthens our software and services portfolio to help drive growth for both our supplier and reseller partners," says Jeff Bawol, president, Avnet Technology Solutions, Americas. "Genilogix's portfolio combined with the offerings available through our recent acquisition of Pepperweed Consulting greatly enhances our ability to deliver a comprehensive IT solution for our business partners, including those focused on high growth markets such as healthcare and government."

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