Terms of agreement include formation of DCIM Solutions, LLC and sale of NER’s Data Center Solutions Division
NER is pleased to announce a partnership with Performance
Tuning Corporation (PTC) to form DCIM Solutions, LLC. Terms of the partnership
include the acquisition of NER’s Data Center Solutions Division by DCIM
Solutions, LLC. The newly formed LLC will operate independently of NER and PTC,
but customers and partners will benefit from the synergies created through
leveraging core competencies of each company.
The
partnership provides the necessary working capital for DCIM Solutions, LLC to
continue solution development as an increasing number of businesses seek new and
better ways to maximum efficiencies and lower overall data center operating
costs. Additionally, customers and partners will have access to expanded
service support, sales assistance, and market leading technology offerings.
“For some time I have felt that NER’s Data
Center Solutions business would benefit from additional working capital to
support growth requirements while fulfilling commitments to our partners. To
help facilitate the process, NER Data Corporation was advised by martinwolf
M&A Advisors, a boutique investment bank based in the San Francisco Bay
Area,” said Stephen Oatway, NER’s President and General Manager of DCIM
Solutions, LLC. “I am excited about this
new phase and the possibility for cross-pollination of sales in channels made
available through this partnership.”
Dan
McDougal, Managing Partner PTC and DCIM Solutions, LLC states, “In addition to
NER’s impressive channel and vendor partners, we believe that NER’s innovative
approach to data center power, space, and cooling issues through its Assessment
Services, Aurora Intelligent Monitoring Strips, and New Containment Solutions
represent a winning formula for customer success. Paired with the core
infrastructure expertise of PTC the value to customers will be exponential.”
DCIM
Solutions, LLC will operate out of Glassboro, NJ and will be managed by key
members of the existing NER Data Center Solutions team. Sales and Purchase
Order commitments after June 27 have been transferred to DCIM Solutions,
LLC. Partners and customers will receive
detailed information about working with DCIM Solutions, LLC and new offerings
in the coming days.