PITTSBURGH, June 5, 2024
/PRNewswire/ -- Wesco International (NYSE: WCC), a
leading provider of business-to-business distribution, logistics
services and supply chain solutions, today announced it has
completed the purchase of entroCIM, an innovator in data center and
building intelligence software.
The initial purchase price was $30
million with the opportunity for an additional earnout based
on performance. Additional terms of the transaction were not
disclosed. entroCIM's Central Intelligence Manager (CIM) is an
HTML5 browser-based application sold as-a-service to connect
devices and remote monitoring systems in commercial facilities. It
delivers actionable insights to help businesses reduce costs and
improve operations through a single digital interface.
Today, entroCIM monitors millions of square feet in environments
ranging from data centers and large commercial buildings to
airports and universities. Through an open API architecture and
out-of-the-box connectivity with industry standard protocols,
entroCIM acts as an aggregation layer for multiple operating
systems and is an accelerator of IT/OT convergence – helping to
drive better operational visibility for data center and building
applications.
"We are pleased to welcome the entroCIM team to Wesco. This
acquisition is indicative of the expanded services, data-informed
intelligence and expertise that Wesco intends to provide to our
global customers and supplier partners to drive increased value
through the supply chain," said John
Engel, Chairman, President and CEO of Wesco.
About Wesco
Wesco International (NYSE: WCC) builds, connects, powers
and protects the world. Headquartered in Pittsburgh,
Pennsylvania, Wesco is a FORTUNE 500® company
with more than $22 billion in annual sales and a leading
provider of business-to-business distribution, logistics services
and supply chain solutions. Wesco offers a best-in-class
product and services portfolio of Electrical and Electronic
Solutions, Communications and Security Solutions, and Utility and
Broadband Solutions. The Company employs approximately 20,000
people, partners with the industry's premier suppliers, and serves
thousands of customers around the world. With millions of products,
end-to-end supply chain services, and leading digital
capabilities, Wesco provides innovative solutions to meet
customer needs across commercial and industrial businesses,
contractors, government agencies, educational institutions,
telecommunications providers, and
utilities. Wesco operates nearly 800 branches, warehouses
and sales offices in more than 50 countries, providing a local
presence for customers and a global network to serve multi-location
businesses and global corporations.
Contact:
Jennifer Sniderman
Vice President, Corporate Communications
Jennifer.sniderman@wesco.com
717-579-6603
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SOURCE Wesco International