Pivot Technology Solutions, Inc. (TSX: PTG), a Toronto, CA-based full-service information technology provider, closed the already announced sale of Smart Edge to Intel Corporation (NASDAQ: INTC), for gross consideration of USD$27m.
Pivot’s dedicated Smart Edge employees, including Smart Edge CEO Bob Pike, will join Intel’s Network and Custom Logic Group (NCLG).
In connection with the sale of Smart Edge, Pivot and Intel have also entered into a three-year preferred channel partner agreement which designates Pivot as a non-exclusive preferred system integrator and channel partner for Smart Edge based solutions.
Under this deal, Pivot will market Smart Edge solutions and provide customers edge services including:
– system integration,
– monitoring, and
– support services.
Intel will acquire all of the assets of Smart-Edge.com, an indirect subsidiary of the company, related to the Smart Edge Business, and will assume certain specified liabilities.
Led by Mr. Kevin Shank, CEO, Pivot Pivot is an information technology services and solutions provider to many of the world’s most successful companies, including members of the Fortune 1000, as well as governments and educational institutions.
By leveraging its OEM partnerships and its own fulfillment, professional, deployment, workforce and managed services, Pivot supports the IT infrastructure needs of its clients.