Home / M&A Activity / Joe Quaglia: Tech Data Adds to Data Center Portfolio with STG Acquisition

Joe Quaglia: Tech Data Adds to Data Center Portfolio with STG Acquisition

data centerTech Data Corp. (Nasdaq: TECD) has agreed to buy data center and information technology services company Signature Technology Group for an undisclosed amount.

Joe Quaglia, president of the Americas markets business at Tech Data, said Wednesday the company seeks to diversify its data center portfolio and create value for clients through the transaction.

Phoenix-based STG specializes in the delivery of virtual and physical IT platforms as well as cloud computing assessment and migration and technical staffing services across the North American market.

Tech Data’s advanced infrastructure solutions division will absorb STG’s offerings once the transaction completes this month.

STG President and CEO Charles Layne would continue to lead the business and report directly to Chuck Bartlett, senior vice president of Tech Data’s AIS division.

Check Also

Lockheed-Raytheon JV Secures $186M Contract to Produce Javelin Weapon Systems for US Military

A partnership between Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) has landed a potential four-year, $185.6M contract to manufacture man-portable anti-tank weapon systems for the U.S. Army, Navy and Marine Corps.

Michael Ames Promoted to VP Role at Leidos

Leidos (NYSE: LDOS) has promoted Michael Ames, a three-decade information technology services industry veteran, from a division director position to serve as a vice president at the company, FedHealthIT reported Thursday.