World Wide Technology acquires Baltimore datacenter firm
By siliconindia   |   Monday, 18 January 2010, 17:49 IST
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Bangalore: The Maryland Heights IT firm, World Wide Technology wrapped its second acquisition in five months with the purchase of Performance Technology Group, a Baltimore datacenter firm with $9 million in revenue and 70 workers, reports St. Louis Business Journal. With this addition, World Wide now has 1,200 employees and is on track to approach $3 billion in revenue this year, up 36 percent from $2.2 billion in 2009. "This is very much a strategic buy for us," said Jim Kavanaugh, World Wide's CEO. "They do some things we aren't doing, including datacenter and managed service offerings that are very complementary to what we are doing. The other reason is they are specifically in some niche markets and have customers in the federal government that are very unique and challenging to get into." The Performance Technology acquisition follows World Wide's purchase in September of St. Louis based IT firm Server Centric Consulting, which had $3 million in revenue. The two acquisitions, which were for undisclosed amounts, are not part of a larger buying spree

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