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Published on March 3, 2014

Author: JohnConvery

Source: slideshare.net

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Press Release - Breaking News CANCOM acquires HPM Networks

US Press Release: HPM Networks and CANCOM Merger HPM Networks and CANCOM Announce Merger Pleasanton, Calif., March 3, 2014 – CANCOM Corporation (www.cancom.com) today announced the signing of a definitive agreement to acquire HPM Networks (www.hpmnetworks.com). The merged company will continue to serve customers as a global leader in cloud business and integrated IT services and solutions for enterprise clients. The agreement combines the strengths of CANCOM and HPM Networks by leveraging CANCOM’s global networks and financial and technical resources with HPM Networks strengths as one of the top Solution Providers in North America. Together, the power of the two brings industry experience and expertise to deliver un-paralleled IT cloud services to provide their customers with game changing solutions. HPM Networks seasoned management team, led by Founder and CEO, Romi Randhawa and Executive Vice-President, Charles Miano have established the best of breed IT solutions partner in the North America. CANCOM will retain all shareholders, including Mr. Miano. Romi Randhawa will continue to lead US operations. He has been an established industry leader recognized in the IT channel for his leadership and strong relationships with key OEM’s. He serves on a number of OEM advisory boards. “We are pleased to combine our strengths to meet the demand of the marketplace – delivering IT data center and cloud services that are leading edge vs. current competitive offerings. This merger will give us the ability to serve our clients globally.” states HPM Networks CEO Romi Randhawa. The new combined companies are well-positioned to deliver unique value to customers. The company will have combined estimated $1 Billion plus in revenue in 2014. “With HPM we enter the US-market which offers a significant additional growth potential as well as a further momentum for our growing cloud business with enterprise clients“, says Klaus Weinmann, CEO of CANCOM Group. “The dynamic market environment in the US can significantly leverage our way to becoming the leading cloud transformation partner for our clients“, Weinmann adds. Among many key strategic benefits of this merger is hyper-accelerated growth and scale. The IT infrastructure cloud model is enormous and offers the combined company a major competitive advantage and revenue growth 10x in this market. The combined companies will be able to help accelerate this transition, empowering businesses and individuals with the flexibility they need to drive growth and profits.

About HPM Networks Headquartered in Pleasanton California, HPM Networks is the leading technology solution integrator in the San Francisco Bay Area. For 20 years, HPM has offered pragmatic, vendor neutral solutions for clients to manage risk, growth and cost with their technology infrastructure. For more information, visit www.hpmnetworks.com and connect with them on LinkedIn and Twitter. HPM Networks Overview Video About CANCOM CANCOM Group offers integrated IT services and solutions to enterprise clients in the German speaking countries. As IT architect, systems integrator and managed services provider, CANCOM today has a clear focus on cloud-computing and is one of a few players offering a proprietary private business cloud solution to medium-sized and large enterprise clients. CANCOM has strong partnerships with leading IT-technology providers like HP, IBM, Citrix, Cisco, Apple, Microsoft, VMware, SAP etc. 1. CANCOM Overview Video Media Contacts: HPM Networks CANCOM Angela Restani Beate Rosenfeld Director of Marketing Manager of Corporate Communications Phone: +1 925 965-0621 Phone: +49 89 54054-5193 Email: angela@hpmnetworks.com Email: beate.rosenfeld@cancom.de

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