Aligns More Precisely With PC Connection's Mission of Connecting
People with Technology
MERRIMACK, N.H.--(BUSINESS WIRE)--
PC Connection, Inc. (NASDAQ: PCCC),
an industry-leading National Technology Solutions Provider, has changed
its brand name to Connection. The Company will begin trading under the
new ticker symbol NASDAQ: CNXN
at market open on Friday, September 9, 2016. Reflecting the increasing
relevance of transformational technologies, this new brand aligns
precisely with the Company's mission to connect people with technology
that enhances growth, elevates productivity, and empowers innovation.
Connection unites PC Connection, GovConnection, MoreDirect, and Softmart
into one clear, concise, and powerful brand name. Emphasizing elements
of the trademark symbol, the "blue arc," this new brand clearly
represents the organization's strength, the unity of the 2,500-strong
workforce, and their passion for connecting people with the high-quality
technology solutions they require to meet both their everyday IT needs
and solve their complex technology challenges. Dedicated to providing
trusted guidance and exceptional customer service to organizations of
all sizes, across all industries, Connection is well-positioned for the
future. The new branding reflects the full scope of the Company's
capabilities—and its role as a connection to the latest technologies and
better business outcomes for customers.
Tim McGrath, CEO/President of Connection, stated, "Since 1982, our goals
have been deeply rooted in providing customer-centric IT solutions and
services for small- to medium-sized businesses, enterprises, and public
sector markets. The role of technology has undoubtedly changed over the
years, but our commitment has not. In the age of the digital
transformation, we have shifted from selling technology to connecting
people with the resources they need to build stronger, more efficient
businesses. By removing the ‘PC' from our brand name, we are focusing on
the next four decades and planning how we will help customers connect
with new and exciting ideas—whether those innovations fit on a desk, in
a data center, or inside tomorrow's wearable technology. Our new brand
name, Connection, better reflects the promise of our future and the
successes of our past."
As a leading National Technology Solutions Provider, Connection is
committed to connecting its customers with best-in-class hardware,
software, and services. In addition to providing solutions across seven
technology areas, including Converged Data Center, Cloud, Security,
Mobility, Networking, Software, and Lifecycle. The Company's experts
help people use technology in more meaningful ways, whether it's
deploying the latest devices to improve productivity, developing
innovative security programs to keep data safe, or providing the latest
off-premises cloud services to boost agility. Connection will continue
to make significant investments in its portfolio of products and
services to offer its customers the tools and resources to reduce total
cost of ownership, increase productivity, and improve their competitive
advantage.
About Connection
Connection (www.connection.com)
and ticker symbol (NASDAQ: CNXN)
is a Fortune 1000 company that united PC Connection, Inc.;
GovConnection, Inc.; MoreDirect, Inc.; and Softmart into one corporate
brand name, reflecting the Company's mission to connect people with
technology that enhances growth, elevates productivity, and empowers
innovation. Headquartered in Merrimack, NH with offices throughout the
United States, the Company continues to deliver custom-configured
computer systems overnight from our ISO 9001:2008 certified technical
configuration lab at our distribution center in Wilmington, OH.
Connection also services international customers through a global
alliance with Bechtle AG, an IT provider based in Europe. In addition,
the Company has over 2,500 technical certifications to ensure that we
can solve the most complex issues of our customers. Investors and media
can find more information about Connection at http://ir.connection.com.
Connection Business Solutions (800.800.5555), the original
business of PC Connection, Inc., serving primarily the small- and
medium-sized business sector, is a rapid-response provider of IT
products and services. It offers more than 300,000 brand-name products
through its staff of technically trained sales Account Managers,
catalogs, publications, and website at www.connection.com/SMB.
Connection GovConnection Public Sector Solutions (800.800.0019),
our GovConnection, Inc. subsidiary, is a rapid-response provider of IT
products and services to federal, state, and local government agencies
and educational institutions through specialized Account Managers,
catalogs, publications, and online at www.connection.com/publicsector.
Connection MoreDirect Enterprise Solutions (561.237.3300), www.connection.com/enterprise,
our MoreDirect, Inc. subsidiary, provides corporate technology buyers
with best-in-class IT solutions, in-depth IT supply-chain expertise, and
access to more than 300,000 products and 1,600 vendors through TRAXX™, a
proprietary cloud-based eProcurement system. The team's engineers,
software licensing specialists, and project managers help reduce the
cost and complexity of buying hardware, software, and services
throughout the entire IT lifecycle.
Connection Softmart Global Solutions (800.328.1319), www.connection.com/global,
our Softmart, Inc. subsidiary, is a global supplier of technology,
tools, and service solutions with more than 34 years of expertise in
helping customers simplify software purchasing. As a Microsoft Licensing
Solution Provider (LSP), the team offers industry-leading volume
software license programs and affiliated license support.
pccc-g
"Safe Harbor" Statement Under the Private Securities Litigation Reform
Act of 1995: This release contains forward-looking statements that are
based on currently available information, operating plans, and
projections about future events and trends. Terms such as "believe,"
"expect," "intend," "plan," "estimate," "anticipate," "may," "will," or
similar statements or variations of such terms are intended to identify
forward-looking statements, although not all forward-looking statements
include such terms. Forward-looking statements inherently involve risks
and uncertainties that could cause actual results to differ materially
from those predicted in such forward-looking statements. Such risks and
uncertainties, include, but are not limited to, the impact of changes in
market demand and the overall level of economic activity and
environment, or in the level of business investment in information
technology products, competitive products and pricing, product
availability and market acceptance, new products, market acceptance of
the Company's new branding, fluctuations in operating results, the
ability of the Company to manage personnel levels in response to
fluctuations in revenue, and other risks detailed in the Company's
filings with the Securities and Exchange Commission, including under the
caption "Risk Factors" in the Company's Annual Report on Form 10-K filed
with the Securities and Exchange Commission for the year ended December
31, 2015. The Company assumes no obligation to update the information in
this press release or revise any forward-looking statements, whether as
a result of any new information, future events, or otherwise.
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Connection
Media Relations Contact:
Linda
Fanaras, 603-204-0908
linda.fanaras@connection.com
or
Investor
Relations Contact:
Joseph Driscoll, 603-683-2505
Senior
Vice President, Treasurer and Chief Financial Officer
joseph.driscoll@connection.com
Source: PC Connection, Inc.
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