Tech 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.