- Press Release
Avnet Technology Solutions Significantly Strengthens Services Capability in the UK Through the Asset Acquisition of Mattelli, a Specialist in IT Estate Management
Bracknell, UK, 12 July 2012:
Avnet Technology Solutions, the global IT solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT) announced today that its UK operation has expanded its services capabilities through the acquisition of the assets of Mattelli Ltd, a specialist in IT estate management. The UNITY platform developed by Mattelli enables organisations to effectively manage their IT hardware and software assets and solve common challenges such as software compliance, contract management, renewals management, cost allocation and tracking, budget forecasting and tracking, and tendering.
Graeme Watt, president, Avnet Technology Solutions, EMEA, commented, “The addition of an estate management solution into our portfolio and the skilled software and services resources the acquisition brings to Avnet further support our strategic direction to significantly grow our services offerings and capabilities. We will continue to identify and develop Avnet services that support growth for our business partners and drive product demand for our suppliers. This initiative will launch in the UK then rapidly extend into other EMEA geographies.”
The Mattelli estate management solution is underpinned by sophisticated software that integrates innovative technology from strategic partnerships. The solution automates the highly complex process of gathering a company’s hardware and software estate and is able to cross reference this information against contractual agreements.
“Creating new services offerings requires considerable investment in terms of skills and resources, so by delivering a comprehensive portfolio of IT estate management solutions to our partners we’re removing a barrier to entry and providing them with a means of differentiation,” stated John Toal, vice president and country manager, Avnet Technology Solutions, UK and Ireland. “This is about enabling our partners to achieve profitable growth by giving them the ability to more thoroughly understand their customers’ estates and in doing so solve the problem of managing IT assets, which has been an issue for the industry for many years.”
Unique to the Mattelli estate management solution is its modeling capability, creating ‘what if’ analyses against a series of parameters and its highly sophisticated visualisation functionality, which presents one version of the IT asset truth across an entire enterprise.
Simon Ellis, Mattelli co-founder and now business unit director, estate management services and solutions, Avnet Technology Solutions, UK, commented, “The estate management solution is a perfect extension to Avnet’s services portfolio. The scale and scope Avnet brings will make it possible to accelerate the speed at which partners can take advantage of this considerable market growth opportunity.”
The Mattelli estate management solutions will be available to business partners immediately.
For further information please visit http://www.ts.avnet.com/uk/value_added_services/partner_services/ .
Forward Looking Statements
This press release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's current expectations and are subject to uncertainty and changes in facts and circumstances. The forward-looking statements herein include statements addressing future financial and operating results of Avnet and may include words such as "will," "anticipate," "expect," believe," "intend," and "should," and other words and terms of similar meaning in connection with any discussions of future operating or financial performance or business prospects. Actual results may vary materially from the expectations contained in the forward-looking statements.
The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the Company's ability to retain and grow market share and to generate additional cash flow, risks associated with any acquisition or disposition activities, the successful integration of acquired companies, any significant and unanticipated sales decline, changes in business conditions and the economy in general, changes in market demand and pricing pressures, any material changes in the allocation of product or product rebates by suppliers, other competitive and/or regulatory factors affecting the businesses of Avnet generally.
More detailed information about these and other factors is set forth in Avnet's filings with the Securities and Exchange Commission, including the Company's reports on Form 10-K, Form 10-Q and Form 8-K. Except as required by law, Avnet is under no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
About Avnet Technology Solutions
As a global IT solutions distributor, Avnet Technology Solutions collaborates with its customers and suppliers to create and deliver services, software and hardware solutions that address the business needs of their end-user customers locally and around the world. For fiscal year 2011, the group served customers in more than 70 countries and generated US $11.5 billion in annual revenue. Avnet Technology Solutions (www.ats.avnet.com) is an operating group of Avnet, Inc.
Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers in more than 70 countries worldwide. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers by providing cost-effective, value-added services and solutions. For the fiscal year ended July 2, 2011, Avnet generated revenue of $26.5 billion. For more information, visit www.avnet.com. (AVT_IR)
Linda Patterson, Marketing Director
Avnet Technology Solutions
T: +44 (0)1344 662000