For Immediate Release:
Xchange Technology Group announces largest global expansion to date with acquisition of Hamilton Rentals in UK
Raleigh, North Carolina – Jan 4, 2011 – Xchange Technology Group, a global leader in IT asset and technology lifecycle management, announced today that it has acquired Hamilton Rentals Limited, a UK based business providing unrivalled flexibility in IT demo and short-term rental solutions. The all-share purchase will create one of the world’s largest short-term IT businesses through XTG’s global footprint of 19 facilities in 8 countries.
“The addition of Hamilton Rentals will significantly enhance XTG’s value proposition to our partners – both customers and vendors. Our ability to provide solutions at a global level is greatly enhanced.” commented Jeff McFarlane, President and CEO of Xchange Technology Group. “Prior to the acquisition, XTG through its operating units, has led the North American market in demo and short-term rental solutions. The addition of Hamilton Rentals instantly positions XTG as the only short-term IT rental company with global reach. This acquisition also adds real expertise in the Unix server market.” McFarlane added.
“The combination of XTG and Hamilton Rentals is extremely exciting. Both companies are acknowledged as clear market leaders in their respective geographies; and the new organization has massive market presence and recognition from day one.” commented Martin O’Connor, Managing Director of Hamilton Rentals. “There are a number of cross-selling opportunities and benefits of scale that will have an impact immediately, as well as mid-term expansion for EMEA region and beyond. The management team at Hamilton Rentals is very enthusiastic about the new opportunities afforded by this acquisition.” O’Connor added.
Hamilton Rentals Chairman John Unsworth commented, “This is excellent news for both companies’ staff, customers and trading partners. The combination of expertise, market coverage and scale will produce unparalleled global capabilities in short-term technology solutions.” Unsworth added, “There is an excellent cultural fit between the two organizations at all levels; and I firmly believe that we are very well positioned for significant growth.”
About Xchange Technology Group
Xchange Technology Group, established in 1996, is a worldwide leader in information technology and is made up of 4 affiliate companies- IT Xchange, BlueRange Technology, Vernon Computer Source, and PartStock Computer. Through this group of interdependent companies, we strive to become the world’s premier provider of flexible and cost-effective lifecycle management programs for IT assets. http://www.xtgglobal.com
BlueRange Technology delivers world-class technology solutions to solve business challenges in mid-market organizations. We have partnered with the world’s leading hardware and software manufacturers, including: IBM, Lenovo, Microsoft, Cisco, and VMware. BlueRange Technology leverages our IS0 9001:2000 accreditation, coupled with a high standard of engineering and logistics, to help our clients maximize workflow and realize maximum ROI on their IT investment.
Vernon Computer Source focuses on the rental, lease, and lifecycle management of equipment and peripherals from Tier 1technology manufacturers. Operations are headquartered in Stamford, Connecticut with additional facilities in major regions across the United States. Our product portfolio includes IBM, Lenovo, HP, Dell, Sun Microsystems, NEC, Toshiba, Samsung, Infocus, and Apple.
IT Xchange is an international distributor of secondary market, server and personal computer technology, with offices in Canada, USA, UK, China, Japan, Australia, Barbados and Dubai. IT Xchange works with a broad network of domestic and international clients, providing customers with quality products allowing organizations to maintain their standard platforms for extended periods of time (Platform Maintenance) or to acquire technology appropriately matched to their applications (Appropriate Technology).
PartStock Computer is a leader in technology lifecycle investments for the educational customer base including K-12, and higher education. At the core of PartStock’s foundation is the company’s enduring commitment to customer service combined with a proven record delivering quality technology solutions. With a broad product inventory including Dell, HP, IBM and Lenovo, as well as industry leading certifications including Dell’s Registered Partner and Microsoft’s Authorized Education Reseller.
For futher details please visit http://www.hamilton.co.uk