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CDW Acquires Google Premium Education Partner Amplified IT For Undisclosed Sum

CDW Corp (NASDAQ: CDW) 

· 03/16/2021 10:38

CDW Corp (NASDAQ: CDWannounced the acquisition of an education-focused consultancy, Amplified IT, credited for technical skills and knowledge to the K12 and Higher Education markets. The financial terms of the transaction were not disclosed. 

  • The combination of Amplified IT’s focus on educator support and technical skills with CDW’s scale, reach, and market position in education is expected to fast-track CDW’s collective ability to help schools leverage technology for better educational outcomes, as per CDW CEO Christine A. Leahy.
  • Amplified IT and its team of Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Cloud professionals provided insights, services, consulting, and solutions to enable schools to accomplish the most out of the Google Cloud as a Google Premium education partner.
  • Amplified IT is expected to be marginally accretive to CDW’s 2021 EPS.
  • CDW’s cash and cash equivalents amounted to $1.4 billion as of December 31, 2020.
  • Price action: CDW shares are trading higher by 0.50% at $162.07 on the last check Tuesday.