Terms of agreement include formation of DCIM Solutions, LLC and sale of NERâ€™s Data Center Solutions Division
GLASSBORO N.J. â€“ NER Data Corporation (NER) is pleased to announce a partnership with Performance Tuning Corporation (PTC) to form DCIM Solutions, LLC. Terms of the partnership include the acquisition of NERâ€™s Data Center Solutions Division by DCIM Solutions, LLC. The newly formed LLC will operate independently of NER and PTC, but customers and partners will benefit from the synergies created through leveraging core competencies of each company.
The partnership provides the necessary working capital for DCIM Solutions, LLC to continue solution development as an increasing number of businesses seek new and better ways to maximum efficiencies and lower overall data center operating costs. Additionally, customers and partners will have access to expanded service support, sales assistance, and market leading technology offerings.
â€śFor some time I have felt that NERâ€™s Data Center Solutions business would benefit from additional working capital to support growth requirements while fulfilling commitments to our partners. To help facilitate the process, NER Data Corporation was advised by martinwolf M&A Advisors, a boutique investment bank based in the San Francisco Bay Area,â€ť said Stephen Oatway, NERâ€™s President and General Manager of DCIM Solutions, LLC. â€śI am excited about this new phase and the possibility for cross-pollination of sales in channels made available through this partnership.â€ť
Dan McDougal, Managing Partner PTC and DCIM Solutions, LLC states, â€śIn addition to NERâ€™s impressive channel and vendor partners, we believe that NERâ€™s innovative approach to data center power, space, and cooling issues through its Assessment Services, Aurora Intelligent Monitoring Strips, and New Containment Solutions represent a winning formula for customer success. Paired with the core infrastructure expertise of PTC the value to customers will be exponential.â€ť
DCIM Solutions, LLC will operate out of Glassboro, NJ and will be managed by key members of the existing NER Data Center Solutions team. Sales and Purchase Order commitments after June 27 have been transferred to DCIM Solutions, LLC. Partners and customers will receive detailed information about working with DCIM Solutions, LLC and new offerings in the coming days
About NER Data Corporation
NER Data Corporation is an innovative leader in the demanding, growing, and continually changing Data Center Infrastructure Management and Managed Print businesses. NER develops and delivers innovative solutions that drive customer value through unparalleled optimization and efficiency. Our products and services deliver cost avoidance and better utilization of assets to drives down costs and increase productivity. For more information, visit www.nerdata.com.
About Performance Tuning Corporation
Headquartered in Austin, Texas, PTC is a leading professional and managed services provider of High Performance Data Architecture services. PTC has decades of database and application performance tuning domain expertise. PTC employs certified experts across the full datacenter stack from storage, networking and OS to Oracle and MS SQL databases to business critical applications for a diverse client base in multiple industries. For more information, visit www.perftuning.com