Orange County Business Journal

Ingram Micro Buys Data Security Specialist

Chris Casacchia Tuesday, October 1, 2013

Santa Ana-based Ingram Micro Inc. has added to its data security services with an acquisition of a Georgia company.

CloudBlue Technologies Inc., located in suburban Atlanta, specializes in disposing of information technology assets, data destruction and e-waste recycling services.

Financial terms of the deal, which closed Monday, were not disclosed.

Privately held CloudBlue, founded in 2008, doesn’t disclosed financial data. It counts more than 1,000 data center, retail and original equipment manufacturing customers. The company operates more than 40 offices around the globe.

CloudBlue will operate as a wholly owned subsidiary of Ingram Micro.

Ken Beyer, former chief executive and cofounder, will lead the company as vice president of Ingram Micro and president of CloudBlue. He’ll report to Robert Gifford, Ingram Micro’s executive vice president of global logistics.

Ingram Micro is the world’s largest distributor of computers, software and other technology products. It reported a second quarter profit of $69.7 million on revenue of $10.31 billion.

Ingram Micro shares are up 2.6% in afternoon trading to a market value of about $3.61 billion.